Licensed Bed Capacity definition
Examples of Licensed Bed Capacity 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.
If the total number of arriving residents exceeds the open beds available within the licensed bed capacity, review Section III – Surging beyond Licensed Bed Capacity.
Section 20.14 Tenant shall ensure that the number of licensed beds for residents of the Facilities is not decreased without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that notwithstanding the foregoing, Landlord may grant or withhold its consent in its sole discretion if the number of licensed beds for residents of the Facilities is to be decreased by more than five percent (5%) of the Licensed Bed Capacity.
For purposes of this Section 6, in connection with any offering by a Permitted Group, references to a “Holder” shall include all beneficial holders participating or proposing to participate in such offering.
Notwithstanding the foregoing or any other language herein to the contrary, no Alteration shall be made by or on behalf of Tenant or any Operating Subtenant without Landlord’s consent, in its sole discretion, if the same would reduce the number of licensed beds, including the number of any higher-acuity beds, in the Facility below the Licensed Bed Capacity by more than five percent (5%).