Common use of Subordination of Payments to Affiliates Clause in Contracts

Subordination of Payments to Affiliates. After the occurrence --------------------------------------- of an Event of Default and until such Event of Default is cured, Tenant and Guarantor shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, Manager (if applicable), any Affiliate, or any shareholder, member or partner of Tenant, Guarantor, Manager (if applicable) or any Affiliate.

Appears in 1 contract

Samples: Lease Agreement (Just Like Home Inc)

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Subordination of Payments to Affiliates. After (a) Except as otherwise provided in §14.6(b) below, after the occurrence --------------------------------------- of an Event of Default and until such Event of Default is curedcured or waived in writing, Tenant and Guarantor shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) payments to Guarantor, Manager (if applicable), any Affiliate, or any shareholder, member or partner of Tenant, Guarantor, Manager (if applicable) Tenant or any Affiliate.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

Subordination of Payments to Affiliates. After (a) Except as otherwise provided in §14.6(b) below, after the occurrence --------------------------------------- of an Event of Default and until such Event of Default is curedcured or waived in writing, Tenant and Guarantor Subtenant shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, Manager (if applicable), any Affiliate, Affiliate or any shareholder, member or partner of Tenant, Guarantor, Manager (if applicable) Subtenant or any Affiliate.

Appears in 1 contract

Samples: Master Lease Agreement (Emeritus Corp\wa\)

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Subordination of Payments to Affiliates. After (a) Except as otherwise provided in §14.6(b) below, after the occurrence --------------------------------------- of an Event of Default and until such Event of Default is curedcured or waived in writing, Tenant and Guarantor shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, Manager (if applicable), any Affiliate, or any shareholder, member or partner of Tenant, Guarantor, Manager (if applicable) Subtenant or any Affiliate.

Appears in 1 contract

Samples: Master Lease Agreement (Emeritus Corp\wa\)

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