Common use of PRESERVATION OF GROSS REVENUES Clause in Contracts

PRESERVATION OF GROSS REVENUES. 20.1 Tenant acknowledges that a fair return to Landlord on its investment in the Premises is dependent, in part, on the concentration on each Facility comprising the Premises during the Term of the Personal Care Facilities business of Tenant and its Affiliates in the geographical area of such Facility. Tenant further acknowledges that the diversion of resident care activities from any Facility comprising the Premises to other facilities owned or operated by Tenant or its Affiliates will have a material adverse impact on the value and utility of the Premises.

Appears in 3 contracts

Samples: Master Lease and Security Agreement (American Retirement Corp), Master Lease and Security Agreement (American Retirement Corp), Master Lease and Security Agreement (American Retirement Corp)

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PRESERVATION OF GROSS REVENUES. 20.1 22.1 Tenant acknowledges that a fair return to Landlord on its investment in the Premises is dependent, in part, on the concentration on each Facility comprising the Premises during the Term of the Personal Care Facilities Facility business of Tenant and its Affiliates in the geographical area of such Facilitythe Premises. Tenant further acknowledges that the diversion of resident residents and/or patient care activities from any Facility comprising the Premises to other facilities owned or operated by Tenant or its Affiliates at or near the end of the Term will have a material adverse impact on the value and utility of the Premises.

Appears in 2 contracts

Samples: Lease and Security Agreement (Balanced Care Corp), Lease and Security Agreement (Balanced Care Corp)

PRESERVATION OF GROSS REVENUES. 20.1 Tenant acknowledges that a fair return to Landlord on its investment in the Premises is dependent, in part, on the concentration on each Facility comprising the Premises during the Term of the Personal Retirement Care Facilities business of Tenant and its Affiliates in the geographical area of such Facilitythe Premises. Tenant further acknowledges that the diversion of resident care activities from any Facility comprising the Premises to other facilities owned or operated by Tenant or its Affiliates will have a material adverse impact on the value and utility of the Premises.

Appears in 2 contracts

Samples: Lease and Security Agreement (American Retirement Corp), Lease and Security Agreement (American Retirement Corp)

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PRESERVATION OF GROSS REVENUES. 20.1 Tenant acknowledges that a fair return to Landlord on its investment in the Premises is dependent, in part, on the concentration on each Facility comprising the Premises during the Term of the Personal Care Facilities hospital business of Tenant and its Affiliates in the geographical area of such Facilitythe Premises. Tenant further acknowledges that the diversion of resident patient care activities from any Facility comprising the Premises to other facilities owned or operated by Tenant or its Affiliates at or near the end of the Term will have a material adverse impact on the value and utility of the Premises.

Appears in 1 contract

Samples: Lease and Security Agreement (Province Healthcare Co)

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