Hospital Improvements definition

Hospital Improvements means all buildings, improvements, structures and Fixtures, including, without limitation, landscaping, parking lots and structures, roads, drainage and all above ground and underground utility structures, equipment systems and other so-called "infrastructure" improvements and all other improvements constructed for use or used in connection with the Hospital.
Sample 1Sample 2
Hospital Improvements. (as defined in the Sublease) being undertaken on the Premises by NCMCOC pursuant to the Sublease and the Loan Agreement shall have reached a percentage of completion of at least [thirty-seven and one-half percent (37.5%)], as certified in writing to NCMCOC and MPT Finance by the "Architect" (as defined in the Loan Agreement) under and pursuant to the Loan Agreement. If either of the foregoing Closing Conditions is not satisfied as of the Closing Date, (i) in the case of an Other Agreement Default by a North Cypress Party, then Purchaser, or (ii) in the case of an Other Agreement Default by an MPT Party, then Seller, or (iii) in the case of the failure of the Closing Condition in Subsection 3(b), then either of the parties, may elect either to (A) waive the unsatisfied Closing Condition and proceed to Closing, or (B) extend the Closing Date by such reasonable period as may be necessary to allow for satisfaction of the unsatisfied Closing Condition; provided such extended period shall not be later than [thirty (30)] days subsequent to the Closing Date. In the event a party shall elect, by written notice to the other party, to proceed under clause (B) above, the notice of such election shall include the period for which the extension is made. If, after such extension is made, the Closing Condition remains unsatisfied at the end of the extended period, then the party for whose benefit the Closing Condition under Subsection 3(a) exists, or either party in the case of the Closing Condition in Subsection 3(b), shall have the option either to (y) waive the unsatisfied Closing Condition and proceed to Closing, or (z) terminate this Agreement by written notice to the other party, whereupon Purchaser and Seller shall be released and relieved of all further obligations under this Agreement. In the event no express, written election is made under clause (B) or (z) above, as applicable, by any party having the right to do so, such party or parties, as applicable, shall be deemed to have elected to proceed under clause (A) or (y) above, as applicable. The parties agree to use good faith efforts to satisfy each Closing Condition which is within such party's power or obligation to satisfy.
Sample 1
Hospital Improvements. The Building, the Fixtures and other improvements of every kind including, but not limited to, alleyways and connecting tunnels, sidewalks, utility pipes, conduits and lines (on-site and off-site), parking areas and roadways appurtenant to such buildings and structures presently or hereafter situated upon the Land and related to the Building.
Sample 1

Examples of Hospital Improvements in a sentence

  • Tenant shall not assign the Lease or sublease the Leased Property or the Hospital Improvements or engage any Management Company or allow any Lessees to engage any Management Company without Landlord's prior written consent.

  • Seller hereby warrants to Purchaser the construction of the Hospital Improvements for a period of one (1) year subsequent to the Closing Date (the "Warranty Period").

  • If no such appraiser shall have been appointed within such twenty (20) days or within ninety (90) days of the original request for a determination of Fair Market Value of the Leased Property and the Hospital Improvements, Fair Market Value Purchase Price or Fair Market Added Value, whichever is earlier, either Landlord or Tenant may apply to any court having jurisdiction to have appointment made by such court.

  • Upon the occurrence and during the continuance of a Landlord Default, Tenant will have the option to purchase all of Landlord's interest in the Land, the Ground Leases, and the Hospital Improvements for an amount equal to the sum of the then outstanding principal balance of the Loan plus any and all other sums expended by Landlord in connection with the transactions contemplated by this Lease, the Ground Leases and the Loan.

  • This approach incorporates many assumptions including future growth rates, discount factors, expected capital expenditures and income tax cash flows.

  • In the event that it becomes necessary to determine the Fair Market Value of the Leased Property and the Hospital Improvements, Fair Market Value Purchase Price or Fair Market Added Value for any purpose of this Lease, the party required or permitted to give notice of such required determination shall include in the notice the name of a person selected to act as an appraiser on its behalf.

  • Tenant further covenants and agrees that Tenant's use of the Leased Property and the Hospital Improvements and maintenance, alteration, and operation of the same, and all parts thereof, shall at all times conform to all applicable local, state and federal laws, ordinances, rules and regulations.

  • True and correct copies of Medical Staff Bylaws of the Hospital, the Hospital's Medical Staff Rules and Regulations, and the Hospital's Medical Staff Hearing Procedures, all as proposed to be in effect following completion of the Hospital Improvements, have been previously delivered by the Seller Parties to MPT.

  • If two (2) appraisers shall have been appointed and shall have made their determinations within the respective requisite periods set forth above and if the difference between the amounts so determined shall not exceed ten percent (10%) of the lesser of such amounts, then the Fair Market Value of the Leased Property and the Hospital Improvements, Fair Market Value Purchase Price or Fair Market Added Value shall be an amount equal to fifty percent (50%) of the sum of the amounts so determined.

  • The purchase price for the Assets shall be equal to the total costs incurred by Seller in connection with the acquisition, development and construction of the Hospital Improvements as determined under and pursuant to the Construction Loan Agreement and as approved by Lender (the "Purchase Price").

Related to Hospital Improvements

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Project Improvements means site improvements and facilities that are:

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Hospital system means a hospital and one or more

  • Tenant Improvements Defined in Exhibit B, if any.

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • Improvements shall have the meaning set forth in the granting clause of the Mortgage.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Quality Improvement means a focus on activities to improve performance above minimum standards and reasonably expected levels of performance, quality and practice.

  • Installation Work means the construction and installation of the System and the start-up, testing and acceptance (but not the operation and maintenance) thereof, all performed by or for Provider at the Premises.

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

  • Leasehold Improvements means all leasehold improvements situated in or on the Leased Real Property and owned by Seller.

  • Minimum Improvements means devoting the Development Property to its intended Use and construction of approximately a square foot parking facility for use as parking for the Developer as identified and set forth in Exhibit C and constructed in accordance with the Construction Plans submitted to and approved by the Authority. After completion of the Minimum Improvements, the term shall mean the Development Property as improved by the Minimum Improvements.

  • Substantial improvement means any combination of repairs, reconstruction, rehabilitation, addition, or other improvement of a structure, taking place during any one-year period for which the cost equals or exceeds 50 percent of the market value of the structure before the “start of construction” of the improvement. This term includes structures which have incurred “substantial damage”, regardless of the actual repair work performed. The term does not, however, include either:

  • Specialty Alterations means Alterations consisting of kitchens, executive bathrooms, raised computer floors, computer installations, vaults, libraries, internal staircases, dumbwaiters, pneumatic tubes, vertical and horizontal transportation systems, and other Alterations of a similar character.

  • Medical equipment means equipment used in a patient care environment to support patient treatment and diagnosis.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Demolition works means any physical activity to tear down or break up a structure (or part thereof) or surface, or the like, and includes the loading of demolition waste and the unloading of plant or machinery.