Manor Care definition
Examples of Manor Care in a sentence
On the Distribution Date, Manor Care shall retain (or shall cause a Retained Subsidiary to assume) sole responsibility for all liabilities and obligations under the Manor Care, Inc.
However, the payment of any benefits due under the Manor Care, Inc.
Deferred Compensation Plan shall be guaranteed by Manor Care for the first thirty (30) months following the Distribution Date, to the extent not otherwise paid by Choice.
Any notice or communication shall be in writing and delivered in person or mailed by first-class mail addressed as follows: if to the Company: Manor Care, Inc.
Issuance of a Conversion Award shall be conditioned upon the execution of an appropriate release by the Choice Employee to whom the Conversion Award is conveyed, which release shall acknowledge that such Choice Employee's options to purchase Manor Care Common Stock are cancelled in consideration of receipt of the Conversion Award.
Employee agrees that during his employment with the Company he shall not, directly or indirectly, solicit the business of, or do business with, any customer or prospective customer of the Company or any Manor Care Subsidiary for any business purpose other than for the benefit of the Company or a Manor Care Subsidiary.
In the case of the Borrower, permit its Consolidated Interest Coverage Ratio at any time during the period from and including the date hereof through the Maturity Date to be less than (i) 3.25 to 1.0, at any time during which the Manor Care Note remains in effect or any principal, interest or any other expenses or amounts payable thereunder shall be unpaid, and (ii) 3.75 to 1.0, at any other time.
Manor Care shall, as soon as practicable after the Distribution Date, in accordance with Section 5.02 provide Choice with such additional information in the possession of Manor Care or a Retained Subsidiary and not already in the possession of Choice or a Choice Subsidiary as may reasonably be requested by Choice and necessary in order for Choice or a Choice Subsidiary to administer effectively the Choice International Hotels, Inc.
All notices or other communications required or permitted by this Agreement will be made in writing and all such notices or communications will be deemed to have been duly given when delivered or (unless otherwise specified) mailed by United States certified or registered mail, return receipt requested, postage prepaid, addressed as follows: If to the Company: Manor Care, Inc.
In the case of the Borrower, permit the Consolidated Leverage Ratio as of the last day of and for any period of four fiscal quarters ending during the period from and including the date hereof through the Maturity Date to exceed (i) 3.75 to 1.0, at any time during which the Manor Care Note remains in effect or any principal, interest or any other expenses or amounts payable thereunder shall be unpaid, and (ii) 3.25 to 1.0, at any other time.