Admission Agreements Clause Samples
Admission Agreements. Buyer and Seller will enter into an Assignment and Assumption Agreement in the form attached hereto, pursuant to which Seller will assign to Buyer, and Buyer will assume all of Seller’s right, title and interest in and to and obligations arising after the Closing Date under the Admissions Agreements with the persons who are residing at the Facility on the Closing Date (“Assigned Admission Agreements”). Any claims arising under the Assigned Admission Agreements prior to the Closing shall be and remain the liability and obligation of Seller as provided in Sections 1.3(2) and 11.2.
Admission Agreements. If you require Assisted Living Services or nursing care, you agree to enter into a separate Admission Agreement to be signed by you and us, the form which will be available for your review.
Admission Agreements. Each Transferor hereby assigns to New Operator, and New Operator hereby accepts assignment of all Admission Agreements pertaining to Residents (the “Admission Agreements”), provided that each Transferor shall retain such rights in the Admission Agreements as are necessary for such Transferor to collect and enforce each Transferor’s Accounts Receivable.
Admission Agreements. Seller and Licensees will continue to actively market (including the placing of advertisements in accordance with its past business practices) and offer the Facilities for lease in the same manner as prior hereto pursuant to its current business practices and in accordance with the current market rent schedule provided to Buyer prior to the date of this Agreement Date subject to certain leasing incentives offered by Seller and Licensees from time to time disclosed on Exhibit Q, provided that no leasing incentives to new residents that are not consistent with Exhibit Q that are to remain in effect after Closing may be given without Buyer’s consent. For the avoidance of doubt, Seller and Licensees have not in the past accepted (i) the advance payment of rent, (ii) any lump sum payment, or (iii) an extraordinarily large security deposit from any resident in exchange for a reduced monthly rental payment.