Common use of TRANSFER OF OPERATIONS Clause in Contracts

TRANSFER OF OPERATIONS. Master Xxxxxx agrees that, in the event that HUD requires a replacement operator pursuant to the Operator’s Regulatory Agreement, or terminates the Master Lease in accordance with this Agreement, Master Tenant shall cooperate with such actions and shall take all actions necessary to (i) provide for an orderly transition to the replacement operator of licensed operations with applicable Medicare and Medicaid certifications intact, (ii) maintain normal operations, (iii) avoid displacement of residents, and (iv) transfer all transferable provider agreements to the replacement operator(s), as applicable. Master Xxxxxx hereby agrees to waive any termination fees and penalties due to Master Tenant relating to such termination or transfer actions.

TRANSFER OF OPERATIONS. Master Xxxxxx agrees that, in the event that HUD requires a replacement operator pursuant to the Operator’s First Operator Regulatory Agreement and/or Operator Regulatory Agreement, or terminates the Master Lease in accordance with this Agreement, Master Tenant shall cooperate with such actions and shall take all actions necessary to (i) provide for an orderly transition to the replacement operator of licensed operations with applicable Medicare and Medicaid certifications intact, (ii) maintain normal operations, (iii) avoid displacement of residents, and (iv) transfer all transferable provider agreements to the replacement operator(s), as applicable. Master Xxxxxx hereby agrees to waive any termination fees and penalties due to Master Tenant relating to such termination or transfer actions.

TRANSFER OF OPERATIONS. Master Xxxxxx agrees that, in the event that HUD requires a replacement operator pursuant to the First Operator Regulatory Agreement and/or Operator’s RegulatoryOperator Regulatory Agreement, or terminates the Master Lease in accordance with this Agreement, Master Tenant shall cooperate with such actions and shall take all actions necessary to (i) provide for an orderly transition to the replacement operator of licensed operations with applicable Medicare and Medicaid certifications intact, (ii) maintain normal operations, (iii) avoid displacement of residents, and (iv) transfer all transferable provider agreements to the replacement operator(s), as applicable. Master Xxxxxx hereby agrees to waive any termination fees and penalties due to Master Tenant relating to such termination or transfer actions.

TRANSFER OF OPERATIONS. Master Xxxxxx agrees that, in the event that HUD requires a replacement operator pursuant to the Operator’s Regulatory Agreement, or terminates the Master Lease in accordance with this Agreement, Master Tenant shall cooperate with such actions and shall take all actions necessary to (i) provide for an orderly transition to the replacement operator of licensed operations with applicable Medicare and Medicaid certifications intact, (ii) maintain normal operations, (iii) avoid displacement of residents, and (iv) transfer all transferable provider agreements to the replacement operator(s), as applicable. Master Xxxxxx TenantsTenant hereby agrees to waive any termination fees and penalties due to Master Tenant relating to such termination or transfer actions.