Interim Structure. Seller acknowledges that it is the intention of Xxxxxxx Assignee and Subtenant Assignee that, at Closing: (i) they will enter into an agreement adding the Real Property Assets, and the Real Property Assets under each of the Other Property Purchase Agreements to a master lease agreement (the “Master Lease”) to which affiliates of Xxxxxxx Assignee and Subtenant Assignee are parties, and pursuant to which Xxxxxxx Assignee (or its subsequent affiliated assignee) will lease said Real Property Assets to an affiliate of Subtenant Assignee, who in turn will sublease said Real Property Assets to Subtenant Assignee and certain affiliates of Subtenant Assignees and (ii) the form and substance of each of the Interim Lease and the Interim Management Agreement attached to the Agreement executed at Closing shall be modified in a manner reasonably acceptable to Buyer to reflect such post-Closing structure such that the Interim Lease will be a sub-sublease of each said sublease to Subtenant Assignee or its affiliates.
Appears in 7 contracts
Samples: Assignment of Asset Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.), Assignment of Asset Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.), Assignment of Asset Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.)
