Common use of Simultaneous Sale of Other Properties Clause in Contracts

Simultaneous Sale of Other Properties. Certain affiliates of Purchaser (the “Purchaser Affiliates”) have agreed to purchase from certain affiliates of Seller (the “Seller Affiliates”) certain other properties (the “Other Properties”) as more particularly described in and pursuant to those certain Agreements of Purchase and Sale of even date herewith described as follows: (i) Agreement of Purchase and Sale between G&E XX XXXX XX Care Pavilion SNF, L.P., as purchaser, and Care Pavilion, Inc. relating to the real property and certain tangible personal property located at 0000 Xxxxxx Xxxxxx (also known as 0000-0000 Xxxxxx Xxxxxx), Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000; (ii) Agreement of Purchase and Sale between G&E XX XXXX XX Cliveden SNF, L.P., as purchaser, and Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 X. Xxxxxxx Street (also known as 0000 Xxxxxx Xxxxxx), Philadelphia, Pennsylvania 19119; (iii) Agreement of Purchase and Sale between G&E XX XXXX XX Xxxxxx House SNF, L.P., as purchaser, and Xxxxxx House II, Inc. relating to the real property and certain tangible personal property located at 0000-00 Xxxxxxx Xxxxxx, Philadelphia, Pennsylvania 19123; and (iv) Agreement of Purchase and Sale between G&E XX XXXX XX Cheltenham York SNF, L.P., as purchaser, and Cheltenham York Road Nursing and Rehabilitation Center Inc., relating to the real property and certain tangible personal property located at 0000 Xxx Xxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 (collectively, the “Other Purchase Agreements”). Seller’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Purchaser Affiliate under any of the Other Purchase Agreements shall constitute a default by Purchaser hereunder, entitling Seller to exercise its rights and remedies pursuant to Section 5(a) hereof. Purchaser’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Seller Affiliate under any of the Other Purchase Agreements shall constitute a default by Seller hereunder, entitling Purchaser to exercise its rights and remedies pursuant to Section 5(b) hereof.

Simultaneous Sale of Other Properties. Certain affiliates of Purchaser (the “Purchaser Affiliates”) have agreed to purchase from certain affiliates of Seller (the “Seller Affiliates”) certain other properties (the “Other Properties”) as more particularly described in and pursuant to those certain Agreements of Purchase and Sale of even date herewith described as follows: (i) Agreement of Purchase and Sale between G&E XX XXXX XX Care Pavilion SNF, L.P., as purchaser, and Care Pavilion, Inc. relating to the real property and certain tangible personal property located at 0000 Xxxxxx Xxxxxx (also known as 0000-0000 Xxxxxx Xxxxxx), Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000; (ii) Agreement of Purchase and Sale between G&E XX XXXX XX Maplewood Manor SNF, L.P., as purchaser, and Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 Xxxx Xxxxxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000; (iii) Agreement of Purchase and Sale between G&E XX XXXX XX Cliveden SNF, L.P., as purchaser, and Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 X. Xxxxxxx Street (also known as 0000 Xxxxxx Xxxxxx), Philadelphia, Pennsylvania 19119; (iii) Agreement of Purchase and Sale between G&E XX XXXX XX Xxxxxx House SNF, L.P., as purchaser, and Xxxxxx House II, Inc. relating to the real property and certain tangible personal property located at 0000-00 Xxxxxxx Xxxxxx, Philadelphia, Pennsylvania 19123; and (iv) Agreement of Purchase and Sale between G&E XX XXXX XX Cheltenham York SNF, L.P., as purchaser, and Cheltenham York Road Nursing and Rehabilitation Center Inc., relating to the real property and certain tangible personal property located at 0000 Xxx Xxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 (collectively, the “Other Purchase Agreements”). Seller’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Purchaser Affiliate under any of the Other Purchase Agreements shall constitute a default by Purchaser hereunder, entitling Seller to exercise its rights and remedies pursuant to Section 5(a) hereof. Purchaser’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Seller Affiliate under any of the Other Purchase Agreements shall constitute a default by Seller hereunder, entitling Purchaser to exercise its rights and remedies pursuant to Section 5(b) hereof.

Simultaneous Sale of Other Properties. Certain affiliates of Purchaser (the “Purchaser Affiliates”) have agreed to purchase from certain affiliates of Seller (the “Seller Affiliates”) certain other properties (the “Other Properties”) as more particularly described in and pursuant to those certain Agreements of Purchase and Sale of even date herewith described as follows: (i) Agreement of Purchase and Sale between G&E XX XXXX XX Care Pavilion SNF, L.P., as purchaser, and Care Pavilion, Inc. relating to the real property and certain tangible personal property located at 0000 Xxxxxx Xxxxxx (also known as 0000-0000 Xxxxxx Xxxxxx), Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000; (ii) Agreement of Purchase and Sale between G&E XX XXXX XX Cliveden Maplewood Manor SNF, L.P., as purchaser, and Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 X. Xxxxxxx Street (also known as 0000 Xxxxxx Xxxxxx)Xxxx Xxxxxxxxxxx Xxxx, PhiladelphiaXxxxxxxxxxxx, Pennsylvania 19119Xxxxxxxxxxxx 00000; (iii) Agreement of Purchase and Sale between G&E XX XXXX XX Xxxxxx House SNF, L.P., as purchaser, and Xxxxxx House II, Inc. relating to the real property and certain tangible personal property located at 0000-00 Xxxxxxx Xxxxxx, Philadelphia, Pennsylvania 19123; and (iv) Agreement of Purchase and Sale between G&E XX XXXX XX Cheltenham York Cliveden SNF, L.P., as purchaser, and Cheltenham York Road Nursing and Rehabilitation Center Inc.Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 X. Xxxxxxx Street (also known as 0000 Xxx Xxxx XxxxXxxxxx Xxxxxx), XxxxxxxxxxxxPhiladelphia, Xxxxxxxxxxxx 00000 Pennsylvania 19119 (collectively, the “Other Purchase Agreements”). Seller’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Purchaser Affiliate under any of the Other Purchase Agreements shall constitute a default by Purchaser hereunder, entitling Seller to exercise its rights and remedies pursuant to Section 5(a) hereof. Purchaser’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Seller Affiliate under any of the Other Purchase Agreements shall constitute a default by Seller hereunder, entitling Purchaser to exercise its rights and remedies pursuant to Section 5(b) hereof.

Simultaneous Sale of Other Properties. Certain affiliates of Purchaser (the “Purchaser Affiliates”) have agreed to purchase from certain affiliates of Seller (the “Seller Affiliates”) certain other properties (the “Other Properties”) as more particularly described in and pursuant to those certain Agreements of Purchase and Sale of even date herewith described as follows: (i) Agreement of Purchase and Sale between G&E XX XXXX XX Care Pavilion SNF, L.P., as purchaser, and Care Pavilion, Inc. relating to the real property and certain tangible personal property located at 0000 Xxxxxx Xxxxxx (also known as 0000-0000 Xxxxxx Xxxxxx), Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000; (ii) Agreement of Purchase and Sale between G&E XX XXXX XX Cliveden SNF, L.P., as purchaser, and Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 X. Xxxxxxx Street (also known as 0000 Xxxxxx Xxxxxx), Philadelphia, Pennsylvania 19119; (ii) Agreement of Purchase and Sale between G&E XX XXXX XX Maplewood Manor SNF, L.P., as purchaser, and Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 Xxxx Xxxxxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000; (iii) Agreement of Purchase and Sale between G&E XX XXXX XX Xxxxxx House SNF, L.P., as purchaser, and Xxxxxx House II, Inc. relating to the real property and certain tangible personal property located at 0000-00 Xxxxxxx Xxxxxx, Philadelphia, Pennsylvania 19123; and (iv) Agreement of Purchase and Sale between G&E XX XXXX XX Cheltenham York SNF, L.P., as purchaser, and Cheltenham York Road Nursing and Rehabilitation Center Inc., relating to the real property and certain tangible personal property located at 0000 Xxx Xxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 (collectively, the “Other Purchase Agreements”). Seller’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Purchaser Affiliate under any of the Other Purchase Agreements shall constitute a default by Purchaser hereunder, entitling Seller to exercise its rights and remedies pursuant to Section 5(a) hereof. Purchaser’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Seller Affiliate under any of the Other Purchase Agreements shall constitute a default by Seller hereunder, entitling Purchaser to exercise its rights and remedies pursuant to Section 5(b) hereof.

Simultaneous Sale of Other Properties. Certain affiliates of Purchaser (the “Purchaser Affiliates”) have agreed to purchase from certain affiliates of Seller (the “Seller Affiliates”) certain other properties (the “Other Properties”) as more particularly described in and pursuant to those certain Agreements of Purchase and Sale of even date herewith described as follows: (i) Agreement of Purchase and Sale between G&E XX XXXX XX Care Pavilion SNF, L.P., as purchaser, and Care Pavilion, Inc. relating to the real property and certain tangible personal property located at 0000 Xxxxxx Xxxxxx (also known as 0000-0000 Xxxxxx Xxxxxx), Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000; (ii) Agreement of Purchase and Sale between G&E XX XXXX XX Cliveden Maplewood Manor SNF, L.P., as purchaser, and Cliveden-Maplewood Convalescent Centers, Inc. relating to the real property and certain tangible personal property located at 000 X. Xxxxxxx Street (also known as 0000 Xxxxxx Xxxxxx)Xxxx Xxxxxxxxxxx Xxxx, PhiladelphiaXxxxxxxxxxxx, Pennsylvania 19119Xxxxxxxxxxxx 00000; (iii) Agreement of Purchase and Sale between G&E XX XXXX XX Xxxxxx House SNF, L.P., as purchaser, and Xxxxxx House II, Inc. relating to the real property and certain tangible personal property located at 0000-00 Xxxxxxx Xxxxxx, Philadelphia, Pennsylvania 19123; and (iv) Agreement of Purchase and Sale between G&E XX XXXX XX Cheltenham York SNF, L.P., as purchaser, and Cheltenham York Road Nursing and Rehabilitation Center Inc., relating to the real property and certain tangible personal property located at 0000 Xxx Xxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 (collectively, the “Other Purchase Agreements”). Seller’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Purchaser Affiliate under any of the Other Purchase Agreements shall constitute a default by Purchaser hereunder, entitling Seller to exercise its rights and remedies pursuant to Section 5(a) hereof. Purchaser’s obligation to close under this Agreement is contingent upon the simultaneous closing of each and every one of the Other Purchase Agreements. A default by a Seller Affiliate under any of the Other Purchase Agreements shall constitute a default by Seller hereunder, entitling Purchaser to exercise its rights and remedies pursuant to Section 5(b) hereof.