Common use of General Operations Budget Clause in Contracts

General Operations Budget. In addition to the Reserve Estimate, Tenant shall furnish to Landlord, on or before December 1 of each Fiscal Year proposed annual budgets in a form satisfactory to Landlord and consistent with the then standards for the same brand of assisted living and dementia care facilities as the Facility setting forth projected income and costs and expenses projected to be incurred by Tenant in managing, leasing, maintaining and operating the Facility during the following Fiscal Year.

Appears in 4 contracts

Samples: Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc)

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General Operations Budget. In addition to the Reserve Estimate, Tenant shall furnish to Landlord, on or before December 1 of each Fiscal Year proposed annual budgets in a form satisfactory to Landlord and consistent with the then standards for the same brand of independent living and/or licensed assisted living and dementia care facilities (as applicable) as the Facility setting forth projected income and costs and expenses projected to be incurred by Tenant in managing, leasing, maintaining and operating the Facility during the following Fiscal Year.

Appears in 2 contracts

Samples: Lease Agreement (American Retirement Corp), Lease Agreement (CNL Retirement Properties Inc)

General Operations Budget. In addition to the Reserve Estimate, Tenant shall furnish to Landlord, on or before December 1 of each Fiscal Year proposed annual budgets in a form satisfactory to Landlord and consistent with the then standards for the same brand of skilled nursing, assisted living and dementia care facilities as the Facility setting forth projected income and costs and expenses projected to be incurred by Tenant in managing, leasing, maintaining and operating the Facility during the following Fiscal Year.

Appears in 2 contracts

Samples: Lease Agreement (American Retirement Corp), Lease Agreement (CNL Retirement Properties Inc)

General Operations Budget. In addition to the Reserve EstimateBudget, Tenant shall furnish to Landlord, on or before December November 1 of each Fiscal Year proposed annual budgets and business plan in a form satisfactory to Landlord and consistent with the then standards for the same brand of assisted senior living and dementia care facilities as comparable to the Facility setting forth the strategic plans of the Business, which specific departmental support plans and projected income and costs and expenses projected to be incurred by Tenant in managing, leasing, maintaining and operating the Facility Business during the following Fiscal Year.

Appears in 2 contracts

Samples: Lease Agreement (CNL Healthcare Trust, Inc.), Lease Agreement (CNL Healthcare Trust, Inc.)

General Operations Budget. In addition to the Reserve Estimate, Tenant shall furnish to Landlord, on or before December November 1 of each Fiscal Year proposed annual budgets in a form satisfactory to Landlord and consistent with the then standards for the same brand of assisted living, independent living and dementia care facilities (and, if Tenant elects to operate a skilled nursing component within the facility pursuant to Section 4.1.1 above, a skilled nursing facilities) as the Facility setting forth projected income and costs and expenses projected to be incurred by Tenant in managing, leasing, maintaining and operating the Facility during the following Fiscal Year.

Appears in 1 contract

Samples: Lease Agreement (American Retirement Corp)

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General Operations Budget. In addition to the Reserve Estimate, Tenant shall furnish to Landlord, on or before December November 1 of each Fiscal Year proposed annual budgets in a form satisfactory to Landlord and consistent with the then standards for the same brand of assisted living and independent living facilities (and, if Tenant elects to operate a skilled nursing or dementia care facilities component within the facility pursuant to Section 4.1.1 above, a skilled nursing or dementia care facility) as the Facility setting forth projected income and costs and expenses projected to be incurred by Tenant in managing, leasing, maintaining and operating the Facility during the following Fiscal Year.

Appears in 1 contract

Samples: Lease Agreement (American Retirement Corp)

General Operations Budget. In addition to the Reserve Estimate, Tenant shall furnish to Landlord, on or before December November 1 of each Fiscal Year proposed annual budgets for each Facility and Subtenant in an electronic format and a form reasonably satisfactory to Landlord and consistent with the then standards for the same brand of assisted living and dementia care facilities as the Facility setting forth projected income and costs and expenses projected to be incurred by Tenant each Subtenant in managing, leasing, maintaining and operating the each applicable Facility during the following Fiscal Year together with a proposed annual budget for Tenant for the following Fiscal Year.

Appears in 1 contract

Samples: Master Lease Agreement (Care Investment Trust Inc.)

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