Value of Assets. Except as disclosed in the financial statements provided to the Lender as of the date hereof, the Borrower will not write up (by creating an appraisal surplus or otherwise) the value of any of its assets above their cost to the Borrower, less the depreciation regularly allowable thereon.
Appears in 2 contracts
Sources: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Balanced Care Corp)