Common use of OHI Entities Clause in Contracts

OHI Entities. The equity in each of the OHI Entities is pledged in favor of Omega and the Administrative Agent is contractually prohibited from obtaining such a pledge until such time as the applicable real estate leases with Omega are terminated or expire in accordance with their terms.

Appears in 4 contracts

Sources: Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.)