Common use of Management of Premises Clause in Contracts

Management of Premises. Commencing on the Termination Date, Landlord or its designee, upon written notice to Tenant, may elect to assume the responsibilities and obligations for the management and operation of the Business and Tenant agrees to cooperate fully to accomplish the transfer of such management and operation without interrupting the operation of the Business. Subject to the limitations of applicable law, including any state licensure law which requires the manager of an assisted living facility to be licensed or which requires the management agreement to be approved by the applicable regulatory authorities prior to the commencement thereof and subject to the parties agreeing on the form of a management agreement which shall include, at a minimum, an indemnity in favor of Tenant in form and substance acceptable to Tenant and from an entity acceptable to Tenant, Tenant agrees that Landlord or its designee may, for a period not to exceed one hundred eighty (180) days, operate the Business under Tenant’s licenses and, if applicable, certifications pending the issuance of new licenses and, if applicable, certifications to Landlord or its designee. During the period of such management, Tenant shall not knowingly commit any act or fail to take any action that would jeopardize any licensure or certification, if applicable, of the Premises, and Tenant shall comply with all reasonable requests for an orderly transfer of any and all facility and other licenses, Medicare and Medicaid certifications, if applicable, and possession of the Premises at the time of any such surrender.

Management of Premises. Commencing on the Termination Date, Landlord or its ---------------------- designee, upon written notice to Tenant, may elect to assume the --- responsibilities and obligations for the management and operation of the --- Business and Tenant agrees to cooperate fully to accomplish the transfer of such --- management and operation without interrupting the operation of the Business. Subject to the limitations of applicable law, including any state licensure law which requires the manager of an assisted living or Alzheimer facility to be licensed or which requires the management agreement to be approved by the applicable regulatory authorities prior to the commencement thereof and subject to the parties agreeing on the form of a management agreement which shall include, at a minimum, an indemnity in favor of Tenant in form and substance acceptable to Tenant and from an entity acceptable to Tenant, Tenant agrees that Landlord or its designee may, for a period not to exceed one hundred eighty (180) days, operate the Business under Tenant’s 's licenses and, if applicable, certifications pending the issuance of new licenses and, if applicable, certifications to Landlord or its designee. During the period of such management, Tenant shall not knowingly commit any act or fail to take any action that would jeopardize any licensure or certification, if applicable, of any of the Premises, and Tenant shall comply with all reasonable requests for an orderly transfer of any and all facility and other licenses, Medicare and Medicaid certifications, if applicable, and possession of the Premises at the time of any such surrender.