Business and Operations. Borrower will continue to engage only in the businesses currently conducted by it on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the Projects. Borrower shall at all times cause the Projects to be maintained in accordance with the Projects’ use as a senior housing and healthcare facility.
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Samples: Loan Agreement (Summit Healthcare REIT, Inc), Loan Agreement (Cornerstone Core Properties REIT, Inc.), Loan Agreement (Cornerstone Core Properties REIT, Inc.)
Business and Operations. Borrower Borrowers will continue to engage only in the businesses currently conducted by it them on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the Projects. Borrower Borrowers shall at all times cause the Projects to be maintained in accordance with the Projects’ use as a senior housing and healthcare facilitymedical office building.
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Samples: Loan Agreement (Healthcare Trust, Inc.), Loan Agreement (Healthcare Trust, Inc.)
Business and Operations. Subject to Section 8.25 hereof, Borrower will continue to engage only in the businesses currently conducted by it them on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the ProjectsProject. Borrower shall at all times cause the Projects Project to be maintained in accordance with the ProjectsProject’ use as a senior housing and and/or senior healthcare facility.
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Business and Operations. Borrower Borrowers will continue to engage only in the businesses currently conducted by it them on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the Projects. Borrower Borrowers shall at all times cause the Projects to be maintained in accordance with the Projects’ use as a senior housing and healthcare facility or medical office facility, as applicable.
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Samples: Loan Agreement (American Realty Capital Healthcare Trust Inc)
Business and Operations. Borrower will continue to engage only in the businesses currently conducted by it on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the ProjectsProject or the Property. Borrower shall at all times cause the Projects Project to be maintained in accordance with the Projects’ Property’s intended use as a senior housing and healthcare facility[applicable use of improvements].
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Samples: Construction Loan Agreement
Business and Operations. Borrower will continue to engage only in the businesses currently conducted by it them on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the ProjectsProject. Borrower shall at all times cause the Projects Project to be maintained in accordance with the Projects’ Project’s use as a senior housing and healthcare facility.
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Business and Operations. Borrower Borrowers will continue to engage only in the businesses currently conducted by it them on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the Projects. Borrower Borrowers shall at all times cause the Projects to be maintained in accordance with the Projects’ use as a senior housing and healthcare facilityskilled nursing facilities.
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Business and Operations. Borrower Borrowers will continue to engage only in the businesses currently conducted by it on the date hereof, as and to the extent the same are necessary for for, the ownership and leasing of the Projects. Borrower Borrowers shall at all times cause the Projects to be maintained in accordance with the Projects’ Project’s use as a senior housing and healthcare facilitymedical office building.
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Business and Operations. Borrower will continue to engage only in the businesses currently conducted by it on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the Projects. Borrower shall at all times cause each of the Projects to be maintained in accordance with the Projects’ use as a senior housing and healthcare facilitysuch Project’s Primary Intended Use.
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Samples: Loan Agreement (Emeritus Corp\wa\)
Business and Operations. Borrower Borrowers will continue to engage only in the businesses currently conducted by it them on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the Projects. Borrower Borrowers shall at all times cause the Projects to be maintained in accordance with the Projects’ Project’s use as a senior housing and healthcare facility.
Appears in 1 contract
Samples: Loan Agreement (Ensign Group, Inc)
Business and Operations. Borrower Borrowers will continue to engage only in the businesses currently conducted by it them on the date hereof, as and to the extent the same are necessary for the ownership and leasing of the Projects. Borrower Borrowers shall at all times cause the Projects to be maintained in accordance with the Projects’ use as a senior housing and healthcare facilityfacilities.
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