Common use of Licenses; Bed Authority Clause in Contracts

Licenses; Bed Authority. Tenant shall ensure that the Facility meets all state licensure requirements and standards at all times. Landlord and Tenant agree not to undertake or acquiesce to any modification to any license with respect to the Premises or to any “bed authority” related thereto without the prior written approval of HUD.

Appears in 3 contracts

Samples: Lease (Summit Healthcare REIT, Inc), Lease Agreement (Cornerstone Core Properties REIT, Inc.), Lease Agreement (Cornerstone Core Properties REIT, Inc.)

AutoNDA by SimpleDocs

Licenses; Bed Authority. Tenant shall ensure that the each Facility meets all state licensure requirements and standards at all times. Landlord and Tenant agree not to undertake or acquiesce to any modification to any license with respect to the Premises or to any “bed authority” related thereto without the prior written approval of HUD. Provided, however, that in the event each Facility does not meet all state licensure requirements and standards, Tenant shall have a reasonable period of time, as provided by applicable Laws, to take the appropriate corrective action towards meeting such state licensure requirements and standards.

Appears in 1 contract

Samples: Lease Agreement (Cornerstone Core Properties REIT, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!