Subleased Facilities. Subject to the provisions of this Section 14.04, the Parties shall cooperate with each other and use reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or desirable to effect the sublease, effective immediately prior to the Distribution Effective Time, of the Subleased Premises by Parent or the applicable Affiliated Transferor, as the case may be, to Spinco or other Spinco Companies designated by Spinco on the terms and conditions contemplated by the applicable Sublease Term Sheet with respect thereto. The Parties shall cooperate with each other and use reasonable best efforts to obtain any consents or approvals required in connection with the partial sublease of the leases to the Subleased Facilities to Spinco Companies. Any sublease for Subleased Premises shall be subordinate to the master lease for such subleased premises under which Parent or the applicable Affiliated Transferor is the tenant. Neither Parent nor any Affiliated Transferor shall have any obligation to renew, exercise any option to renew or extend or otherwise extend the master lease in any way beyond the term in effect immediately prior to the Distribution Effective Time and in the event that the master lease terminates for any reason, the sublease for any such Subleased Premises shall likewise terminate. In the event that Parent or the applicable Affiliated Transferor renews, exercises any option to renew or otherwise extends the master lease, the sublease for such Subleased Premises shall likewise be extended or renewed unless otherwise mutually agreed upon by the parties thereto. Notwithstanding the foregoing, nothing in this Section 14.04 shall require any party to make any payments in order to obtain such consents, approvals or releases, except for reasonable and customary costs to cover actual expenses incurred by landlords to process any requests for assignment and except for payments expressly contemplated by the leases of such Subleased Facilities.
Subleased Facilities. PROPERTY NAME PROPERTY ADDRESS TENANT ----------------------------------------------- ------------------------------------------- -------------------------- Huron Nursing Home: 1251 Arizona XX 00xx & Xxxxxxxx XXXXXX Xxxxxxxx Xxxxxxx Xxxxx, XX 00000 Xxxxx, XX 00000 ----------------------------------------------- ------------------------------------------- -------------------------- Southridge Health Care Center: 3600 X. Xxxxxx GCIHCC Mom & Dad's Health Care Center Xxxxx Xxxxx, XX 00000 ----------------------------------------------- ------------------------------------------- -------------------------- Pacific Gardens Nursing and Rehabilitation 000 Xxxxx Xxxxx Xxxxxx AMS Properties Center: Pleasant Care Fresno, CA ----------------------------------------------- ------------------------------------------- --------------------------
Subleased Facilities. Property Name Property Address Tenant ------------------------------------------------------------------------------------------------------------------- Huron Nursing Home: 1251 Arizona SW 15th & Michigan GCIHCC Sunquest Vxxxxxx Xxron, SD 57530 Xxxxx, XX 00000 Xxxxxxxxxx Xxxxxx Xxxx Xxxxxx: 3600 X. Xxxxxx GCIHCC Mom & Dad's Heaxxx Xxxx Center Sioux Falls, SD 57105 Pacific Gardens Nursing and Rehabilitation 000 Xxxxx Xxxxx Xxxeet AMS Properties Cexxxx: Xxxxxxxx Xxxx Fresno, CA
Subleased Facilities. If requested by either Party, the Parties agree that they shall work together in good faith to seek to negotiate a subleasing agreement with respect to either or both of the Acquired Business Facilities set forth on Schedule 9.16 (each such Acquired Business Facility, a “Subleased Facility”). Any such subleasing Agreement entered into at or prior to the Closing shall be referred to herein as a “Sublease”. The Parties acknowledge and agree that neither Party has any obligation hereunder to enter into a Sublease.
