MEMORY CARE Sample Clauses

MEMORY CARE. The Community provides environments, services and programs specific to memory or dementia care, which are described in the Community's plan of operation, which plan is available for review upon request. All medications including over the counter medications must be kept in locked storage at all times.

MEMORY CARE. Subject to the time frames herein, the Credit Parties may elect, in their sole discretion, to convert a portion of the Project consisting of approximately 20 units to provide memory care services at the Project (the “Memory Care Conversion”). The election by Borrower to proceed with the Memory Care Conversion shall be subject to, among other things, the business judgment of the Credit Parties, including a commercially reasonable rate of return, and the cost, timing and availability of all necessary Permits and approvals. If the Credit Parties elect to proceed the Credit Parties shall notify Agent sixty (60) days before commencing the Memory Care Conversion, which commencement shall occur by the date that is no later than the last day of fifteenth (15th) full calendar month following the Closing Date and be completed by the date that is no later than the last day of the twenty-fourth (24th) full calendar month following the Closing Date but subject to the receipt of the necessary Permits and licensing approvals.