Examples of Licensed Operations in a sentence
Seller shall endeavor to have all meters read for all utilities servicing the Hospital and Licensed Operations including, without limitation, water, sewer, gas and electricity for or the period to and including the day promptly following the Closing Date, and shall pay all bills rendered on the basis of such readings (provided that Buyer shall be responsible-for any and all fees and charges relating to the changeover of all such services and utilities into the name of Buyer or its affiliates).
Authorize or approve the termination of any Permits concerning the Hospital or the Licensed Operations.
Any other claim or liability (including litigation identified in Schedule 4.17), whether in contract or tort, which arises from the conduct of Seller or in the operation of the Licensed Operations prior to the Closing Date.
Authorize or approve the waiver or release of any right or claim of Seller with respect to the Hospital or the Licensed Operations except in the ordinary course of business.
Subject to the period under which licensure by the CDPH has been in suspense, the Hospital is duly licensed as an acute care hospital and holds all Permits required for the Licensed Operations by the appropriate Government Entities.
Seller either does not have any unsatisfied obligations to any employees or qualified beneficiaries pursuant to COBRA, HIPAA, or any state Law governing health care coverage extension or continuation other than the payment of benefits in the ordinary course of business, or any such obligations will not have material adverse effect on the Licensed Operations on or after the Closing Date.
Seller is either in compliance in all material respects with all applicable Laws as of the date of this Agreement respecting terms and conditions of employment including, but not limited to, those relating to plant closure or mass layoff issues, affirmative action, wage and hour Law, or any noncompliance with a Law will not adversely affect the Licensed Operations on or after the Closing Date.
Authorize or approve the execution of any lease, contract or agreement of any kind or character with respect to the Hospital or the Licensed Operations, or incur any liabilities in connection therewith, save and except (a) those which will terminate or expire prior to the Closing Date; and (b) those to which it is presently committed or that arise in the ordinary and usual course of business as heretofore conducted.
No labor strike, dispute, slowdown, stoppage, unresolved employee grievance or labor arbitration proceeding under a collective bargaining agreement has occurred in the last five years or is pending, or has been threatened, against Seller or the Licensed Operations.
All other assets owned by Seller and used in connection with the Hospital and the Licensed Operations that are (i) acquired by Seller or (ii) (A) discovered to not have been covered by the Valuation and reflected in the Purchase Price set forth in Section 2.5.1(a), and (B) where the Parties agree in good faith such asset should be included among Acquired Assets, from and after the Valuation Date (the “Post-Valuation Assets”).