Common use of Times for Obtaining Letters of Credit Clause in Contracts

Times for Obtaining Letters of Credit. The initial letter of credit shall be obtained and delivered to Lessor on or prior to the execution and delivery of this Lease. The letters of credit covering subsequent periods shall be obtained and delivered to Lessor not less than thirty (30) days prior to the expiration of the then existing letter of credit ("Letter of Credit Date"). The term for each such letter of credit shall begin no later than the expiration date of the previous letter of credit and shall comply with all requirements of this Article XXI.

Appears in 1 contract

Samples: Master Lease (Emeritus Corp\wa\)

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Times for Obtaining Letters of Credit. The initial letter of credit shall be obtained and delivered to Lessor on or prior to or contemporaneous with the execution and delivery of this LeaseCommencement Date. The letters of credit covering subsequent periods shall be obtained and delivered to Lessor not less than thirty (30) days prior to the expiration of the then existing letter of credit ("Letter of Credit Date"). The term for each such letter of credit shall begin no later than the expiration date of the previous letter of credit and shall comply with all requirements of this Article XXIcredit.

Appears in 1 contract

Samples: Integrated Living Communities Inc

Times for Obtaining Letters of Credit. The initial letter of credit shall be obtained and delivered to Lessor on or prior to the execution and delivery of this Lease. The letters of credit covering subsequent periods shall be obtained and delivered to Lessor not less than thirty (30) days prior to the expiration of the then existing letter of credit ("Letter of Credit Date"). The term for each such letter of credit shall begin no later than the expiration date of the previous letter of credit and shall comply with all requirements of this Article XXI.credit. 21. 3

Appears in 1 contract

Samples: Emeritus Corp\wa\

Times for Obtaining Letters of Credit. The initial letter letters of credit covering the period beginning on the Commencement Date and ending on February 8, 1992 shall be obtained and delivered to Lessor prior to execution of this Lease. The next letters of credit shall be obtained and delivered to Lessor on or prior to the execution and delivery of this Lease. The letters of credit covering subsequent periods shall be obtained and delivered to Lessor not less than thirty (30) days prior to the expiration of the then existing letter of credit January 8, 1992 ("Letter of Credit Date"). The term for ) and each such January 8 thereafter next following the Letter of Credit Date, Each subsequent letter of credit shall begin no later than cover the expiration date one year period beginning on February 8, 1992 and each February 8 thereafter next following the Letter of the previous letter of credit and shall comply with all requirements of this Article XXICredit Date.

Appears in 1 contract

Samples: Operating Lease (Centennial Healthcare Corp)

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Times for Obtaining Letters of Credit. The initial letter of credit shall be obtained and delivered to Lessor on or prior to the execution and delivery of this LeaseCommencement Date. The letters of credit covering subsequent periods shall be obtained and delivered to Lessor not less than thirty (30) days prior to the expiration of the then existing letter of credit ("Letter of Credit Date"). The term for each such letter of credit shall begin no later than the expiration date of the previous letter of credit and shall comply with all requirements of this Article XXI.

Appears in 1 contract

Samples: Master Lease (Ensign Group, Inc)

Times for Obtaining Letters of Credit. The initial letter ------------------------------------- of credit shall be obtained and delivered to Lessor on or prior to the execution and delivery Initial Letter of this LeaseCredit Delivery Date. The letters of credit covering subsequent periods shall be obtained and delivered to Lessor not less than thirty (30) days prior to the expiration of the then existing letter of credit ("Letter of Credit Date"). The term for each such letter of credit shall begin no later than the expiration date of the previous letter of credit and shall comply with all requirements of this Article XXIXLIII.

Appears in 1 contract

Samples: Kindred Healthcare Inc

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