Common use of Assets Necessary to Business Clause in Contracts

Assets Necessary to Business. Except for assets used by either Seller principally for accounting functions, the Acquisition Assets (provided Buyer replaces the Excluded Assets) are sufficient for Buyer to operate the Facility on and after the Closing Date in the same manner that Operator operated the Facility prior to the date of this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Atria Communities Inc), Purchase and Sale Agreement (Atria Communities Inc)

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Assets Necessary to Business. Except for assets used by either Seller principally for accounting functions, the Acquisition Assets (provided Buyer replaces the Excluded Assets) are sufficient for Buyer to operate the Facility on and after the Closing Date in the same manner that Operator Seller operated the Facility prior to the date of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Atria Communities Inc)

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Assets Necessary to Business. Except for assets used by either Seller principally for accounting functions, the Acquisition Assets (provided Buyer replaces the Excluded Assets) are sufficient for Buyer to operate the Facility on and after the First Closing Date in the same manner that Operator operated the Facility prior to the date of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Atria Communities Inc)

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