Definitive Documents. Definitive Transaction Documents necessary to consummate the transfer of the Transferred Assets as contemplated herein shall have been prepared, negotiated and, to the extent applicable, executed by the parties, and such Transaction Documents shall be reasonably satisfactory to OWNERS. All Transaction Documents, to the extent applicable to the Facilities, shall have been executed by the parties thereto on or prior to the Closing Date, shall not have been modified, shall be in effect and the consummation of the transfer of Transferred Assets as contemplated by Section 2.01 hereof shall not be stayed, and all conditions to the obligations of the parties under the Transaction Documents relating to such transfer shall have been satisfied or effectively waived. All corporate and other proceedings to be taken in connection with the transfer of the Transferred Assets as contemplated by Section 2.01 hereof by NEW OPERATORS shall have been completed in form and substance reasonably satisfactory to OWNERS, and OWNERS shall have received all such counterpart originals or certified or other copies of such documents.
Appears in 3 contracts
Samples: Operating Transfer Agreement, Operations Transfer Agreement (Diversicare Healthcare Services, Inc.), Operations Transfer Agreement (Diversicare Healthcare Services, Inc.)
Definitive Documents. Definitive Transaction Documents necessary to consummate the transfer of the Transferred Assets as contemplated herein shall have been prepared, negotiated and, to the extent applicable, executed by the parties, and such Transaction Documents shall be reasonably satisfactory to OWNERSNEW OPERATORS. All Transaction Documents, to the extent applicable to the Facilities, shall have been executed by the parties thereto on or prior to the Closing DateDate for the Facilities, shall not have been modified, shall be in effect and the consummation of the transfer of the Transferred Assets as contemplated by Section 2.01 hereof shall not be stayed, and all conditions to the obligations of the parties under the Transaction Documents relating to such transfer shall have been satisfied or effectively waived. All corporate and other proceedings to be taken in connection with the transfer of the Transferred Assets as contemplated by Section 2.01 hereof by NEW OPERATORS OWNERS and/or its Affiliates shall have been completed in form and substance reasonably satisfactory to OWNERSNEW OPERATORS, and OWNERS NEW OPERATORS shall have received all such counterpart originals or certified or other copies of such documents.
Appears in 2 contracts
Samples: Operations Transfer Agreement (Diversicare Healthcare Services, Inc.), Operations Transfer Agreement (Diversicare Healthcare Services, Inc.)
Definitive Documents. Definitive Transaction Documents necessary to consummate the transfer of the Transferred Assets as contemplated herein shall have been prepared, negotiated and, to the extent applicable, executed by the parties, and such Transaction Documents shall be reasonably satisfactory to OWNERSNEW OPERATORS. All Transaction Documents, to the extent applicable to the Facilities, shall have been executed by the parties thereto on or prior to the Closing DateDate for the Facilities, shall not have been modified, shall be in effect and the consummation of the transfer of the Transferred Assets as contemplated by Section 2.01 hereof shall not be stayed, and all conditions to the obligations of the parties under the Transaction Documents relating to such transfer shall have been satisfied or effectively waived. All corporate and other proceedings to be taken in connection with the transfer of the Transferred Assets as contemplated by Section 2.01 hereof by NEW OPERATORS OWNERS and/or its Affiliates shall have been completed in form and substance reasonably satisfactory to OWNERSNEW OPERATORS, and OWNERS NEW OPERATORS shall have received all such counterpart originals or certified or other copies of such documents. 10370946.
Appears in 1 contract
Samples: Operating Transfer Agreement
Definitive Documents. Definitive Transaction Documents necessary to consummate the transfer of the Transferred Assets Transaction as contemplated herein shall have been prepared, negotiated and, to the extent applicable, executed by the parties, and such Transaction Documents shall be reasonably satisfactory to OWNERSKindred. All Transaction Documents, to the extent applicable to the Facilitiessuch Facility, shall have been executed by the parties thereto on or prior to the Closing Date, shall not have been modified, shall be in effect and the consummation of the transfer of Transferred Assets such Facility as contemplated by Section 2.01 hereof shall not be stayed, and all conditions to the obligations of the parties under the Transaction Documents relating to such transfer shall have been satisfied or effectively waived. All corporate and other proceedings to be taken in connection with the transfer of the Transferred Assets such Facility as contemplated by Section 2.01 hereof by NEW OPERATORS the New Operators shall have been completed in form and substance reasonably satisfactory to OWNERSKindred, and OWNERS Kindred shall have received all such counterpart originals or certified or other copies of such documents.
Appears in 1 contract
Samples: Operations Transfer Agreement (Kindred Healthcare Inc)
Definitive Documents. Definitive Transaction Documents necessary to consummate the transfer of the Transferred Assets as transactions contemplated herein shall have been prepared, negotiated and, to the extent applicable, executed by the parties, and approval by the Bankruptcy Court of such documents, as necessary, shall have been obtained. All Transaction Documents shall be (in form and substance reasonably satisfactory to OWNERS. All Transaction Documentsthe Investor), to the extent applicable to the Facilitiesapplicable, shall have been executed by the parties thereto on or prior to the Closing Effective Date, shall not have been modified, shall be in effect and the consummation of the transfer of Transferred Assets as transactions contemplated by Section 2.01 hereof thereby shall not be stayed, and all conditions to the obligations of the parties under the Transaction Documents relating to such transfer shall have been satisfied or effectively waivedwaived (other than the conditions set forth in Sections 8.01(b), 8.01(h), 8.01(k), 8.01(m) and 8.01(r) hereof, which conditions may be satisfied either prior to, or simultaneously with, the Closing). All corporate and other proceedings to be taken by the Company in connection with the transfer of Transaction Documents and the Transferred Assets as transactions contemplated by Section 2.01 hereof by NEW OPERATORS thereby to be completed at the Closing and documents incident thereto shall have been completed in form and substance reasonably satisfactory to OWNERSthe Investor, and OWNERS the Investor shall have received all such counterpart originals or certified or other copies of the Transaction Documents and such documentsother documents as it may reasonably request.
Appears in 1 contract