Common use of Unsuitable for its Primary Intended Use Clause in Contracts

Unsuitable for its Primary Intended Use. A state or condition of a Facility such that, by reason of damage or destruction or a Partial Taking, such Facility cannot reasonably be expected to be repaired and restored within the Reconstruction Period to a condition in which it may be operated on a commercially practicable basis for its Primary Intended Use, taking into account, among other relevant factors, the number of useable beds, the amount of square footage and the estimated revenue affected by such damage or destruction or Partial Taking. Worth at the Time of the Award: The present value of the applicable amount, determined at the time required in Section 16.5 hereof, by discounting the applicable amount by the Prime Rate.

Unsuitable for its Primary Intended Use. A state or condition of a the Facility such that, by reason of damage or destruction or a Partial Taking, such the Facility cannot reasonably be expected to be repaired and restored within the Reconstruction Period to a condition in which it may be operated on a commercially practicable basis for its Primary Intended Use, taking into account, among other relevant factors, the number of useable beds, the amount of square footage and the estimated revenue affected by such damage or destruction or Partial Taking. Worth at the Time of the Award: The present value of the applicable amount, determined at the time required in Section 16.5 hereof, by discounting the applicable amount by the Prime Rate.

Unsuitable for its Primary Intended Use. A state or condition of a Facility such that, by reason of damage or destruction or a Partial Taking, such Facility cannot reasonably be expected to be repaired and restored within the Reconstruction Period to a condition in which it may be operated on a commercially practicable basis for its Primary Intended Use, taking into account, among other relevant factors, the number of useable beds, the amount of square footage and the estimated revenue affected by such damage or destruction or Partial Taking. Worth at the Time of the Award: The present value of the applicable amount, determined at the time required in Section 16.5 hereof16.5, by discounting the applicable amount by the Prime Rate.