Interim Structure definition

Interim Structure means (i) the lease-back of the Property by Existing Operator from Buyer (which lease-back may be in the form of a sublease), and (ii) the retention by Existing Operator of Buyer or Buyer’s designated representative to manage the Property, with such manager to be responsible under its management agreement to pay all of the expenses of operation, and to receive for its services any income from the Property in excess of such expenses. The Parties shall execute such documents at Closing as may be required to implement this structure, substantially in the forms attached to this Agreement as Exhibit I and Exhibit J (collectively, the “Interim Structure Documents”), provided, however, that such agreements shall be permitted by the DSS.
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Interim Structure means any structure of a temporary nature.
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Examples of Interim Structure in a sentence

  • As of the Closing Date, Buyer and Seller shall have procured all governmental approvals required to implement the Interim Structure and the Interim Structure Documents shall be executed as of the Closing Date (as the same may be extended).

  • The Interim Structure and the Interim Structure Documents have been agreed to by Buyer and Seller prior to the date hereof.

  • Each Seller further agrees to assist Buyer in any post-Closing transition with respect to the Required Government Approvals for a period up to sixty (60) days after the wind up of the Interim Structure.

  • All Required Governmental Approvals (including approval of the Interim Structure Documents and the parties thereto) for the Property shall have been obtained and shall be in full force and effect.

  • If Tenant consents to the use of an Interim Structure, the parties shall reasonably cooperate to implement such Interim Structure.

  • All Required Governmental Approvals (including approval of the Interim Structure Documents and the OTA (as defined therein), and the parties thereto, including, without limitation, approval of Buyer’s property manager as an approved manager) for the Property shall have been obtained and shall be in full force and effect.

  • Seller further agrees to assist Buyer in any post-Closing transition with respect to the Required Government Approvals for a period up to sixty (60) days after the wind up of the Interim Structure.

  • If Landlord requests that Tenant enter into a customary interim structure with respect to any Community upon the sale or transition of such Community to a third party that has applied for but not received a License with respect to the operation of the Community (any such structure, an “Interim Structure”), Tenant shall not unreasonably withhold its consent to such Interim Structure.

  • Seller shall defend, indemnify, and hold Xxxxx harmless from all claims, actions, demands, loss, and causes of action, arising from injury, including death, to any person, or damage to any property, when such injury or damage results in whole or in part from the acts or omissions of Seller, Seller's employees, agents, or subcontractors, save and except for damage caused by the sole negligence of Buyer.

  • The Interim Structure put forward to Council is one which will ensure that services will continue to be provided to the community while a permanent structure can be developed.

Related to Interim Structure

  • Accessory Structure (Appurtenant Structure means a structure located on the same parcel of property as the principal structure and the use of which is incidental to the use of the principal structure. Garages, carports and storage sheds are common urban accessory structures. Pole barns, hay sheds and the like qualify as accessory structures on farms, and may or may not be located on the same parcel as the farm dwelling or shop building.

  • Soil structure means the arrangement of primary soil particles into compound particles, peds, or clusters that are separated by natural planes of weakness from adjoining aggregates.

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • utility structure means transmission and distribution lines

  • Accessory structure means a structure that is accessory and incidental to a dwelling located on the same lot.

  • Historic Structure means any structure that is:

  • Support Structure means an existing or new structure that supports or can support a mobile service facility, including a mobile service support structure, utility pole, water tower, building, or other structure.

  • Certified historic structure means a property listed individually on the Virginia Landmarks Register,

  • Existing structure means any structure that is installed or approved for installation at the time a wireless services provider or wireless infrastructure provider provides notice to a locality or the Department of an agreement with the owner of the structure to co-locate equipment on that structure. "Existing structure" includes any structure that is currently supporting, designed to support, or capable of supporting the attachment of wireless facilities, including towers, buildings, utility poles, light poles, flag poles, signs, and water towers.

  • Residential structure means an individual residential condominium unit or a residential building containing not more than 2 residential units, the land on which it is or will be located, and all appurtenances, in which the owner or lessee contracting for the improvement is residing or will reside upon completion of the improvement.

  • Sign structure means the assembled components that make up an outdoor advertising display, including, but not limited to, uprights, supports, facings, and trim. A sign structure may contain 1 or 2 signs per facing and may be double-faced, back to back, T-type, or V-type.

  • Occupied structure means any building, vehicle, or other place suitable for human occupancy or

  • NCZ Examined Project means any Generator or UDR project that is not exempt pursuant to 23.4.5.7.8 and either (i) is in a Class Year on the date the Commission accepts the first ICAP Demand Curve to apply to a Mitigated Capacity Zone or (ii) meets the criteria specified in 23.4.5.7.3(II). An NCZ Examined Project may be at any phase of development or in operation or an Installed Capacity Supplier.For purposes of Section 23.4.5 of this Attachment H, “Net CONE” shall mean the localized levelized embedded costs of a peaking unit in a Mitigated Capacity Zone, net of the likely projected annual Energy and Ancillary Services revenues of such unit, as determined in connection with establishing the Demand Curve for a Mitigated Capacity Zone pursuant to Section 5.14.1.2 of the Services Tariff, or as escalated as specified in Section 23.4.5.7 of Attachment H.

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • Sustainability Structuring Agent means PNC Capital Markets LLC.

  • Superstructure means the part of the bodywork which contributes to the strength of the vehicle in the event of a roll-over accident.

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Parking Structure means a Building, or any part thereof, principally used for the parking of motor vehicles;

  • Interim Monitor means any monitor appointed pursuant to Paragraph III of this Order or Paragraph III of the related Order to Maintain Assets.

  • Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

  • Interim Period has the meaning specified in Section 6.1.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Interim Financials has the meaning set forth in Section 5.5(b).

  • financial recovery plan means a plan prepared in terms of section 141 of the MFMA