MAINTAIN BED CAPACITY Sample Clauses

MAINTAIN BED CAPACITY. Neither Borrower has granted to any third party the right to reduce the number of licensed beds in the Facility or to apply for approval to transfer the right to any and all of the licensed Facility beds to any other location.
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MAINTAIN BED CAPACITY. Neither Lessee, any Sublessee nor the Manager has granted to any third party the right to reduce the number of licensed beds in any Assisted Living Facility or to apply for approval to transfer the right to any of the licensed Assisted Living Facility beds to any other location. Except as expressly permitted otherwise under the Trust Agreement, Lessee shall maintain, or cause to be maintained, the number of Available Beds at each Assisted Living Facility set forth in Schedule 3.111 to the Loan Agreement and within a variance of ten percent (10%) shall maintain or cause to be maintained the number of beds at each Assisted Living Facility at the licensure/certification levels set forth in Schedule 3.111 to the Loan Agreement.
Sample 1
MAINTAIN BED CAPACITY. 33 3.13 PAYMENT OF TAXES AND PROPERTY IMPOSITIONS..............................................................33 3.14
Sample 1
MAINTAIN BED CAPACITY. Except as provided in the Master Lease, Borrower --------------------- has not granted to any third party the right to reduce the number of licensed beds in any Property or to apply for approval to transfer the right to any of the licensed beds to any other location. Except as expressly permitted otherwise under the Master Lease, Borrower, within a variance of ten percent (10%), shall maintain or cause to be maintained the number of licensed beds at each Property at the licensure/certification levels set forth in Schedule 4.6. ------------ Section 4.7
Sample 1
MAINTAIN BED CAPACITY. Except for the Carolina Beach Transfer, neither Borrower nor Manager has granted to any third party the right to reduce the number of licensed beds in the Facility or to apply for approval to transfer the right to any or all of the licensed Facility beds to any other location.
Sample 1

Related to MAINTAIN BED CAPACITY

  • Power and Capacity The Shareholder has the power, authority and capacity to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement constitutes the Shareholder’s valid, legal and binding obligation and is enforceable against the Shareholder in accordance with its terms, subject, however, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, moratorium and similar laws of general applicability relating to or affecting creditors’ rights;

  • Contract Capacity The electric power producing capability of the Generating Facility which is committed to Edison.

  • Corporate Capacity The Acquirer has the corporate power, capacity and authority to enter into and complete this Agreement;

  • Authority and Capacity Contractor and Contractor’s signatory each warrant and represent that each has full authority and capacity to enter into this Contract.

  • INDEPENDENT CAPACITY The employees or agents of each party who are engaged in the performance of this Agreement shall continue to be employees or agents of that party and shall not be considered for any purpose to be employees or agents of the other party.

  • Maximum Capacity The Sick Leave Bank shall accumulate unused Bank days from year to year to a maximum capacity which shall not exceed double the number of eligible employees as defined in the above Section C, Eligibility for Membership.

  • Shareholder Capacity No Person executing this Agreement who, during the term hereof, is or becomes a director or officer of the Company makes any agreement or understanding herein in his or her capacity as a director or officer of the Company. Each Principal Shareholder signs solely in his, her or its capacity as the record holder and beneficial owner of, or the trustee of a trust whose beneficiaries are the beneficial owners of, Principal Shareholder Shares.

  • Legal Capacity All parties to the Mortgage Note and the Mortgage had legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage, and the Mortgage Note and the Mortgage have been duly and properly executed by such parties. The Mortgagor is a natural person;

  • Action in Shareholder Capacity Only The parties acknowledge that this Agreement is entered into by Shareholder solely in such Shareholder’s capacity as the Beneficial Owner of such Shareholder’s Owned Securities and nothing in this Agreement restricts or limits any action taken by such Shareholder in its capacity as a director or officer of the Company or any of its Affiliates and the taking of any actions (or failure to act) in its capacity as an officer or director of the Company, or any of its Affiliates, will not be deemed to constitute a breach of this Agreement, regardless of the circumstances thereto.

  • FREQUENCY AND CAPACITY LEVELS No restriction on frequency, capacity or aircraft type.

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