Value of Assets. Except as disclosed in the financial statements provided to the Lessor as of the date hereof, the Lessee will not write up (by creating an appraisal surplus or otherwise) the value of any assets of the Lessee above their cost to the Lessee, less the depreciation regularly allowable thereon.
Appears in 9 contracts
Samples: Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Arv Assisted Living Inc), Development and Turnkey Services Agreement (Standish Care Co)
Value of Assets. Except as disclosed in the financial statements provided to the Lessor as of the date hereof, the Lessee will not write up (by creating an appraisal surplus or otherwise) the value of any assets of the Lessee above their cost to the Lessee, less the depreciation regularly allowable thereon.
Appears in 7 contracts
Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Balanced Care Corp), Facility Lease Agreement (Emeritus Corp\wa\)
Value of Assets. Except as disclosed in the financial statements provided to the Lessor as of the date hereof, the Lessee will not write up (by creating an appraisal surplus or otherwise) the value of any assets of the Lessee above their cost to the Lessee, less the depreciation regularly allowable thereon, unless the same is allowed to be done by GAAP in the normal course of business.
Appears in 4 contracts
Samples: Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alterra Healthcare Corp)
Value of Assets. Except as disclosed in the financial statements provided to the Lessor as of the date hereof, the Lessee will not write up (by creating an appraisal surplus or otherwise) the value of any assets of the Lessee Lessee; above their cost to the Lessee, less the depreciation regularly allowable thereon.
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Value of Assets. Except as disclosed in the financial statements provided to the Lessor as of the date hereof, the Lessee Xxxxxx will not write up (by creating an appraisal surplus or otherwise) the value of any assets of the Lessee above their cost to the Lessee, less the depreciation regularly allowable thereon.
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Value of Assets. Except as disclosed in the financial statements provided to the Lessor as a of the date hereof, the Lessee will not write up (by creating an appraisal surplus or otherwise) the a value of any assets of the Lessee above their cost to the Lessee, less the depreciation regularly all allowable thereon.
Appears in 1 contract
Value of Assets. Except as disclosed in the financial statements provided to the Lessor as of the ofthe date hereof, the Lessee will not write up (by creating an appraisal surplus or otherwise) the value of any assets of the Lessee above their cost to the Lessee, less the depreciation regularly allowable thereon.
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