Common use of Resident Transfers Clause in Contracts

Resident Transfers. Receiver shall use its best efforts to ensure there is no transfer of residents from any of the Facilities to a nursing facility owned or operated by any entity which is owned in whole or part, directly or indirectly, by any owner, partner or manager of the Sellers or Current Manager, nor shall there be any voluntary transfers by Sellers or Current Manager of residents from any of the Facilities to any other nursing facility, where such transfer is not in the ordinary course of business and not for reasons relating to the health and well-being of the resident transferred or otherwise required by law.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Diversicare Healthcare Services, Inc.), Asset Purchase Agreement (Diversicare Healthcare Services, Inc.)

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Resident Transfers. Receiver shall use its best efforts to ensure there is no transfer of residents from any of the Facilities to a nursing facility owned or operated by any entity which is owned in whole or part, directly or indirectly, by any owner, partner or manager of the Sellers or Current Manager, nor shall there be any voluntary transfers by Sellers or Current Manager of residents from any of the Facilities to any other nursing facility, where such transfer is not in the ordinary course of business and not for reasons relating to the health and well-being of the resident transferred or otherwise required by law.. 10370945.3 19 (l.)

Appears in 1 contract

Samples: Asset Purchase Agreement

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Resident Transfers. Receiver There shall use its best efforts to ensure there is have been no transfer of residents from any of the Facilities Facility to a nursing facility owned owned, operated or operated by any entity which is owned managed in whole or partin part by Seller or by any owner, officer, director, manager or affiliate of Seller, directly or indirectly, by any owner, partner or manager of the Sellers or Current Manager, nor shall there be any voluntary transfers by Sellers or Current Manager Seller of residents from any of the Facilities Facility to any other skilled care facility or other nursing facility, facility where such transfer is not in the ordinary course of business and not for reasons relating related to the health and well-being of the resident transferred or otherwise required by law.

Appears in 1 contract

Samples: Asset Purchase Agreement (Adcare Health Systems, Inc)

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