Single Purpose. Lessee is, and during the entire time that this Lease remains in force and effect shall be, engaged in no business, trade or activity other than the operation and development of the Leased Property for the Primary Intended Use and such other activities in which Lessee may be permitted to engage by the provisions of Meditrust/Emeritus Transaction Documents. The fiscal year of Lessee, and the Guarantor is the Fiscal Year.
Appears in 4 contracts
Samples: Facility Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)
Single Purpose. Lessee is, and during the entire time that this Lease remains in force and effect shall be, engaged in no business, trade or activity other than the operation and development of the Leased Property for the Primary Intended Use and such other activities in which Lessee may be permitted to engage by the provisions of Meditrust/Emeritus Transaction Documents. The fiscal year of Lessee, Lessee and the Guarantor is the Fiscal Year.
Appears in 3 contracts
Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)
Single Purpose. The Lessee is, and during the entire time that this Lease remains in force and effect the Lessee shall be, engaged in no business, trade or activity other than the operation and development of the Leased Property for the Primary Intended Use and such development, ownership and/or operation of any other activities in which Lessee may be permitted to engage health care facility owned or financed by the provisions of Meditrust/Emeritus Transaction Documentsany Meditrust Entity. The fiscal year of Lessee, the Lessee and the Guarantor is the Fiscal Year.
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Single Purpose. Lessee is, and during the entire time that this Lease remains in force and effect shall be, engaged in no business, trade or activity other than the construction of the Project in accordance with the terms of the Leasehold Improvement Agreement and, from and after the Conversion Date, operation and development of the Leased Property for the Primary Intended Use and such other activities in which Lessee may be permitted to engage by the provisions of Meditrust/Emeritus Transaction DocumentsUse. The fiscal year of Lessee, Lessee and the Guarantor is the Fiscal Year.
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