Common use of Prompt Payment of Indebtedness Clause in Contracts

Prompt Payment of Indebtedness. Tenant shall (a) pay or cause to be paid when due all payments of principal of and premium and interest on Tenant’s Indebtedness for money borrowed and shall not permit or suffer any such Indebtedness to become or remain in default beyond any applicable grace or cure period,

Appears in 2 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Five Star Quality Care Inc)

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Prompt Payment of Indebtedness. Tenant shall (a) pay or cause to be paid when due all payments of principal of lawful claims for labor and premium and interest on Tenant’s Indebtedness for money borrowed and shall not permit or suffer any such Indebtedness rents with respect to become or remain in default beyond any applicable grace or cure period,the Leased Property.

Appears in 1 contract

Samples: Lease Agreement (Life Time Fitness Inc)

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Prompt Payment of Indebtedness. Tenant shall (a) pay or cause to be paid when due all payments of principal of and premium and interest on Tenant’s 's Indebtedness for money borrowed and shall not permit or suffer any such Indebtedness to become or remain in default beyond any applicable grace or cure period,, (b) pay or cause to be paid when due all

Appears in 1 contract

Samples: Lease Agreement (Sholodge Inc)

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