Substitute Letter of Credit. Tenant may, from time to time, deliver to Landlord a substitute Letter of Credit meeting the requirements of this Agreement and issued by an Issuer acceptable to Landlord. Upon Landlord's approval of the substitute Letter of Credit, Landlord shall release the previous Letter of Credit to the Tenant.
Appears in 5 contracts
Samples: Lease Agreement (Alterra Healthcare Corp), Lease Agreement (Just Like Home Inc), Lease Agreement (Balanced Care Corp)
Substitute Letter of Credit. Tenant may, from time to time, deliver to Landlord a substitute Letter of Credit meeting the requirements of this Agreement Lease and issued by an Issuer acceptable to Landlord. Upon Landlord's approval of the substitute Letter of Credit, Landlord shall release the previous Letter of Credit to the Tenant.
Appears in 5 contracts
Samples: Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Alterra Healthcare Corp), Master Lease Agreement (Brookdale Senior Living Inc.)
Substitute Letter of Credit. Tenant may, from time to time, deliver to Landlord a substitute Letter of Credit meeting the requirements of this Agreement Lease and issued by an Issuer acceptable to Landlord. Upon Landlord's ’s approval of the substitute Letter of Credit, Landlord shall release the previous Letter of Credit to the Tenant.
Appears in 4 contracts
Samples: Master Lease Agreement (LifeCare Holdings, Inc.), Master Lease Agreement (Capital Senior Living Corp), Master Lease Agreement (Tandem Health Care, Inc.)
Substitute Letter of Credit. Tenant may, from time to time, --------------------------- deliver to Landlord a substitute Letter of Credit meeting the requirements of this Agreement and issued by an Issuer acceptable to Landlord. Upon Landlord's approval of the substitute Letter of Credit, Landlord shall release the previous Letter of Credit to the Tenant.
Appears in 1 contract
Samples: Lease Agreement (Just Like Home Inc)
