Tenant’s Conditions Precedent. The duties and obligations of Tenant pursuant to the terms of this Lease are and shall expressly be conditioned upon the following Conditions Precedent, which may be waived in whole or in part, by Tenant in writing: (a) Satisfaction of all of the conditions set forth in Section 4.2 of the Transfer Agreement; (b) Receipt by Tenant and all Related Lease Affiliates of adequate assurances that all licenses and other approvals required by the State of Arkansas to operate the Facility and all Related Facilities will be granted effective as of March 1, 2015; (c) Approval of this Lease by the Facility Mortgagee; (d) Delivery by Facility Mortgagee of a subordination, non-disturbance and attornment agreement in form and substance reasonably acceptable to Tenant; (e) Delivery by Prime Landlord of the Recognition Agreement in the form set forth in Exhibit I attached hereto; and (f) Completion and approval by Tenant in its sole discretion of all schedules and exhibits to this Lease.
Appears in 10 contracts
Samples: Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc)
Tenant’s Conditions Precedent. The duties and obligations of Tenant pursuant to the terms of this Lease are and shall expressly be conditioned upon the following Conditions Precedent, which may be waived in whole or in part, by Tenant in writing:
(a) Satisfaction of all of the conditions set forth in Section 4.2 of the Transfer Agreement;
(b) Receipt by Tenant and all Related Lease Affiliates of adequate assurances that all licenses and other approvals required by the State of Arkansas to operate the Facility and all Related Facilities will be granted effective as of March April 1, 2015;
(c) Approval of this Lease by the Facility Mortgagee;
(d) Delivery by Facility Mortgagee of a subordination, non-disturbance and attornment agreement in form and substance reasonably acceptable to Tenant;
(e) Delivery by Prime Landlord of the Recognition Agreement in the form set forth in Exhibit I “I” attached hereto; and
(f) Completion and approval by Tenant in its sole discretion of all schedules and exhibits to this Lease.
Appears in 8 contracts
Samples: Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc)
Tenant’s Conditions Precedent. The duties and obligations of Tenant pursuant to the terms of this Lease are and shall expressly be conditioned upon the following Conditions Precedent, which may be waived in whole or in part, by Tenant in writing:
(a) Satisfaction of all of the conditions set forth in Section 4.2 of the Transfer Agreement;
(b) Receipt by Tenant and all Related Lease Affiliates of adequate assurances that all licenses and other approvals required by the State of Arkansas to operate the Facility and all Related Facilities will be granted effective as of March May 1, 2015;
(c) Approval of this Lease by the Facility Mortgagee;
(d) Delivery by Facility Mortgagee of a subordination, non-disturbance and attornment agreement in form and substance reasonably acceptable to Tenant;
(e) Delivery by Prime Landlord of the Recognition Agreement in the form set forth in Exhibit I “I” attached hereto; and
(f) Completion and approval by Tenant in its sole discretion of all schedules and exhibits to this Lease.
Appears in 8 contracts
Samples: Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc)
Tenant’s Conditions Precedent. The duties and obligations of Tenant pursuant to the terms of this Lease are and shall expressly be conditioned upon the following Conditions Precedent, which may be waived in whole or in part, by Tenant in writing:
(a) Satisfaction of all of the conditions set forth in Section 4.2 of the Transfer Agreement;
(b) Receipt by Tenant and all Related Lease Affiliates of adequate assurances that all licenses and other approvals required by the State of Arkansas to operate the Facility and all Related Facilities will be granted effective as of March September 1, 2015;
(c) Approval of this Lease by the Facility Mortgagee;
(d) Delivery by Facility Mortgagee of a subordination, non-disturbance and attornment agreement in form and substance reasonably acceptable to Tenant;
(e) Delivery by Prime Landlord of the Recognition Agreement in the form set forth in Exhibit I attached hereto; and
(f) Completion and approval by Tenant in its sole discretion of all schedules and exhibits Exhibit D to this Lease.
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