Common use of Permit Transfers Clause in Contracts

Permit Transfers. Seller shall have completed the transfer and assignment of all of the Permits then in effect to the Property Transferee and/or the Tenant and/or Manager of the Property, to the extent the same may be or are required to be effectuated at or prior to the Closing under applicable and governing laws, rules and regulations. To the extent any of the Permits cannot be transferred or assigned at or prior to the Closing, alternative arrangements that are satisfactory to Purchaser and the Tenant shall have been implemented to assure that the Property Transferee and/or the Tenant shall have the benefit of such Permits, and Seller, the Property Transferee and/or the Tenant shall cooperate and use their respective commercially reasonable efforts to complete the transfer and assignment of the Permits as contemplated in the foregoing sentence promptly after the Closing. For example, but not by way of limitation, in the event the required assisted living/senior living facilities and/or skilled nursing facilities licenses or permits have not been transferred, issued or re-issued as of the Closing Date with respect to a Property, as required by applicable law and regulations, the Manager, the Tenant and the Property Transferee shall enter into a sublease of the Lease (the “Transition Period Sublease”), so that the facility located on such Property may continue to be operated on and after the Closing Date pending the transfer, issuance or re-issuance of such required licenses or permits. This Section 4.6 shall survive the Closing for a period of one year.

Permit Transfers. Seller shall have completed the transfer and assignment of all of the Permits then in effect to the Applicable Property Transferee and/or the Tenant and/or Manager of the each Property, to the extent the same may be or are required to be effectuated at or prior to the Closing under applicable and governing laws, rules and regulations. To the extent any of the Permits cannot be transferred or assigned at or prior to the Closing, alternative arrangements that are satisfactory to Purchaser and the Tenant shall have been implemented to assure that the Applicable Property Transferee and/or the Tenant shall have the benefit of such Permits, and Seller, the Applicable Property Transferee and/or the Tenant shall cooperate and use their respective commercially reasonable efforts to complete the transfer and assignment of the Permits as contemplated in the foregoing sentence promptly after the ClosingClosing at Purchaser’s expense. For example, but not by way of limitation, in the event the required assisted living/senior living facilities and/or skilled nursing facilities licenses or permits have not been transferred, issued or re-issued as of the Closing Date with respect to a Property, as required by applicable law and regulations, the Manager, the Tenant and the Applicable Property Transferee shall enter into a sublease of the Lease (the “Transition Period Sublease”), so that the facility located on such Property may continue to be operated on and after the Closing Date pending the transfer, issuance or re-issuance of such required licenses or permits. This Section 4.6 shall survive the Closing for a period of one year.

Permit Transfers. Seller Sellers shall have completed the transfer and assignment of all of the Permits then in effect to the Applicable Property Transferee and/or the Tenant and/or Manager Operator of the each Property, to the extent the same may be or are required to be effectuated at or prior to the Applicable Closing under applicable and governing laws, rules and regulations. To the extent any of the Permits cannot be transferred or assigned at or prior to the Applicable Closing, alternative arrangements that are satisfactory to Purchaser and the Tenant shall have been implemented to assure that the Applicable Property Transferee and/or the Tenant shall have the benefit of such Permits, and SellerSellers, the Applicable Property Transferee and/or the Tenant shall cooperate and use their respective commercially reasonable efforts to complete the transfer and assignment of the Permits as contemplated in the foregoing sentence promptly after the Applicable Closing. For example, but not by way of limitation, in the event the required assisted living/senior living facilities and/or skilled nursing facilities licenses or permits have not been transferred, issued or re-issued as of the Applicable Closing Date with respect to a Property, as required by applicable law and regulations, the ManagerOperator, the Tenant and the Applicable Property Transferee shall enter into a sublease of the Lease Lease, in the form attached hereto as Schedule AA (the “"Transition Period Sublease”"), so that the facility located on such Property may continue to be operated on and after the Applicable Closing Date pending the transfer, issuance or re-issuance of such required licenses or permits. This Section 4.6 4.8 shall survive the Applicable Closing for a period of one year.

Permit Transfers. Seller shall have completed the transfer and assignment of all of the Permits then in effect to the Applicable Property Transferee and/or the Tenant and/or Manager of the each Property, to the extent the same may be or are required to be effectuated at or prior to the Closing under applicable and governing laws, rules and regulations. To the extent any of the Permits cannot be transferred or assigned at or prior to the Closing, alternative arrangements that are satisfactory to Purchaser and the Tenant shall have been implemented to assure that the Applicable Property Transferee and/or the Tenant shall have the benefit of such Permits, and Seller, the Applicable Property Transferee and/or the Tenant shall cooperate and use their respective commercially reasonable efforts to complete the transfer and assignment of the Permits as contemplated in the foregoing sentence promptly after the ClosingClosing at Purchaser’s expense. For example, but not by way of limitation, in the event the required assisted living/senior living facilities and/or skilled nursing facilities licenses or permits have not been transferred, issued or re-issued as of the Closing Date with respect to a Property, as required by applicable law and regulations, the Manager, the Tenant and the Applicable Property Transferee shall enter into a sublease of the Lease (the “"Transition Period Sublease”"), so that the facility located on such Property may continue to be operated on and after the Closing Date pending the transfer, issuance or re-issuance of such required licenses or permits. This Section 4.6 shall survive the Closing for a period of one year.

Permit Transfers. (a) Non-Healthcare Permits. To the extent permitted or required by applicable laws, rules and regulations, Seller shall have completed the transfer and assignment of all of the Permits then in effect (other than the Permits necessary for the operation of the Properties as assisted living/senior living/continuing care facilities) to the Applicable Property Transferee and/or the Tenant and/or Manager of the Property, to the extent the same may be or are required to be effectuated each Property at or prior to the Closing under applicable and governing laws, rules and regulationsClosing. To the extent that any such Permits are not transferable or assignable, Seller shall cooperate with the Applicable Property Transferee in obtaining such Permits at or prior to Closing. If any of the such Permits cannot be transferred or assigned by the Seller or obtained by the Applicable Property Transferee at or prior to the Closing, alternative arrangements that are satisfactory to Purchaser and the Tenant Seller shall have been implemented to assure that the Applicable Property Transferee and/or shall, to the Tenant shall extent permitted by applicable laws, rules and regulations, have the benefit of such Permits, and SellerSeller and the Applicable Property Transferees shall, at the expense of the Applicable Property Transferee and/or the Tenant shall Transferee, cooperate and use their respective commercially reasonable efforts to obtain such Permits for the Applicable Property Transferee or complete the transfer and assignment of the such Permits by Seller, whichever is applicable, as contemplated in the foregoing sentence sentences promptly after the Closing. For example, but not by way of limitation, in the event the required assisted living/senior living facilities and/or skilled nursing facilities licenses or permits have not been transferred, issued or re-issued as of the Closing Date with respect to a Property, as required by applicable law and regulations, the Manager, the Tenant and the Property Transferee shall enter into a sublease of the Lease (the “Transition Period Sublease”), so that the facility located on such Property may continue to be operated on and after the Closing Date pending the transfer, issuance or re-issuance of such required licenses or permits. This Section 4.6 4.6(a) shall survive the Closing for a period of one yeartwelve (12) months.