Available Beds definition

Available Beds means, with respect to any Non-MOB Facility, the number of resident beds the Non-MOB Facility is actually operating from time to time, regardless of whether such bed is occupied as of the Closing Date.

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Available Beds or “CON approved beds” means the total number of beds authorized for use by a hospital or group of hospitals based on capacity approved or authorized through the certificate of need process.

Available Beds means the beds at each of the Assisted Living Facilities, as shown on SCHEDULE 3.11-1 hereto as of the Closing Date, as same may be revised following Borrower's acquisition of any Additional Properties on the Additional Properties Closing Date and as hereafter adjusted pursuant to the terms of the Transaction Documents.

Examples of Available Beds in a sentence

• The Licensed Bed Capacity of each Non-MOB Facility is as set forth on Schedule XIV attached hereto and the Available Beds at each Non-MOB Facility as of the date hereof is as set forth on Schedule XIV.

• The Borrowers shall maintain on an aggregate basis as to all Properties for each fiscal quarter of the Borrowers an occupancy level of not less than 85% of the Available Beds; provided that if the Borrowers increase the number of Available Beds at any Property, the Borrowers and the Agent shall consult in good faith as to any adjustment to the foregoing requirement for such Property to account for an appropriate stabilization period (if any) for such additional Available Beds.

• The Lessee shall maintain on an aggregate basis as to all Properties for each fiscal quarter of the Lessee an occupancy level of not less than 85% of the Available Beds; provided that if the Lessee increases the number of Available Beds at any Property, the Lessee and the Participants shall consult in good faith as to any adjustment to the Tandem Health Care of Ohio, Inc.

• UVM will accomplish the increase in Available Beds within twelve months of the date of the census that indicates that the number of Undergraduate Students has increased above the Baseline.

• The number of licensed and Available Beds at each Assisted Living Facility is set forth on SCHEDULE 3.11-1 hereto for the Initial Properties, which Schedule will be amended as of the Additional Properties Closing Date to include the Additional Properties.

• UVM will provide the City an annual report depicting the number of and basis for calculating its Available Beds and Undergraduate Students on or before October 31 of each year in which this MOU is in place.

• If and when the City approves an amendment or series of amendments to zoning as described in Paragraph 6 of this MOU, UVM will increase the number of Available Beds by an amount that is at least 1.5 times the increase in the number of Undergraduate Students over and above the Baseline, as measured at the annual Census Date, for the duration of this MOU.

• The number of licensed and Available Beds at each Assisted Living Facility is set forth on Schedule 3.11-1 to the Loan Agreement for the Initial Properties, which Schedule will be amended as of the Additional Properties Closing Date to include the Additional Properties.

• Participation Agreement foregoing requirement for such Property to account for an appropriate stabilization period (if any) for such additional Available Beds.

• Except as expressly permitted otherwise under the Trust Agreement, Lessee shall maintain, or cause to be maintained, the number of Available Beds at each Assisted Living Facility set forth in Schedule 3.111 to the Loan Agreement and within a variance of ten percent (10%) shall maintain or cause to be maintained the number of beds at each Assisted Living Facility at the licensure/certification levels set forth in Schedule 3.111 to the Loan Agreement.

More Definitions of Available Beds

Available Beds means the beds at each of the Properties, as shown on Annex C to the Loan Agreement, as such beds may be increased by the Borrowers at any Property.

Available Beds is defined in Section 1.1 of the Loan Agreement.

Available Beds means the beds at each of the Properties, as shown on Schedule III to the Participation Agreement, as such beds may be increased by the Lessee at any Property during the Lease Term.

Available Beds means Parent’s licensed beds minus Parent’s beds removed from service. The definition of ‘Available Beds’ used herein shall at all times be consistent with the definition of ‘Available Beds’ in Parent’s filings with the United States Securities and Exchange Commission, unless otherwise agreed to in writing by the Lender. The Borrower and Lender agree that as of November ___, 2008, the number of Available Beds is equal to [5,296]. ‘Bank Product’ means any of the following financial accommodations extended to Borrower or its Subsidiaries by Lender: (a) ACH Transactions, (b) cash and treasury management, including controlled disbursement, accounts or services or (c) transactions under Hedging Agreements.

Available Beds the number of all beds available at the Healthcare Facilities, which number is two thousand eight hundred ninety-seven (2,897) as of the Closing Date; provided that, for the purposes of any calculations to be made pursuant to the terms of this Agreement, such number shall not be increased or decreased without the prior written consent of Lender.