Common use of Ventas Capital Corporation Clause in Contracts

Ventas Capital Corporation. Ventas Capital Corporation may not hold any material assets, become liable for any material obligations or engage in any significant business activities; provided, however that Ventas Capital Corporation may be a co-obligor with respect to Debt if the Partnership is a primary obligor of such Debt and the net proceeds of such Debt are received by the Partnership or one or more of its Restricted Subsidiaries other than Ventas Capital Corporation.

Ventas Capital Corporation. Ventas Capital Corporation may not hold any material assets, become liable for any material obligations or engage in any significant business activities; provided, however however, that Ventas Capital Corporation may be a co-obligor with respect to Debt if the Partnership is a primary obligor of such Debt and the net proceeds of such Debt are received by the Partnership or one or more of its Restricted Subsidiaries other than Ventas Capital CorporationCapital.