Common use of MAINTAIN BED CAPACITY Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc)

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MAINTAIN BED CAPACITY. Neither Borrower nor the 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 and all of the licensed Facility beds to any other location.

Appears in 2 contracts

Samples: Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc)

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MAINTAIN BED CAPACITY. 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 and or all of the licensed Facility beds to any other location.

Appears in 2 contracts

Samples: Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc)

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