Master Hospital Lease definition

Master Hospital Lease has the meaning set forth in Section 2.1.
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Master Hospital Lease shall have the meaning set forth in Section 1.3.
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Master Hospital Lease means the Master Hospital Lease between the State of Louisiana (through the Division of Administration) and OLH, effective October 1, 2018, as may be amended from time to time.
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Examples of Master Hospital Lease in a sentence

  • No Party may assign any of its rights or delegate any of its obligations under this Agreement or any of the Related Agreements without the prior written consent of the other Parties, not to be unreasonably withheld or delayed, and subject to the terms of the Master Hospital Lease, as applicable to assignments by Xxxxx.

  • The Parties hereby agree that, until the earlier of the expiration or earlier termination of the Master Hospital Lease, Newco will have the option (the “Expropriation Option”), but not the obligation, from and after March 29, 2034 (the “Option Exercise Date”), to include the Expropriated Parcel as part of the Leased Premises (as defined in the Master Hospital Lease), subject to the terms of this Agreement and the terms of the Master Hospital Lease.

  • Subject to the terms and conditions of this Agreement, the Master Hospital Lease and the Assignment and Assumption Agreement, at the Closing, it is the intent of the Parties that Newco shall assume those Liabilities of the Hospital Business set forth on Schedule 3.2(c)(i) (the “Assumed Liabilities”), which Schedule 3.2(c)(i) may be updated at any time by the Parties prior to the Closing to include additional Assumed Liabilities.

  • Notwithstanding anything contained herein or in the Master Hospital Lease, the Expropriated Parcel shall not be part of the Leased Premises (as defined in the Master Hospital Lease), unless and until Newco duly exercises the Expropriation Option.

  • Its term shall be coextensive with the term of this Agreement and the Master Hospital Lease.

  • Further, this CEA shall be automatically renewed upon renewal of the Master Hospital Lease.

  • Each Party shall provide information, testimony and reasonable cooperation to the other Party in litigation brought against a Party, its directors, officers or employees based upon a claim of negligence, malpractice or any other cause of action, arising under this Agreement, the Master Hospital Lease or any other agreement entered into in connection with the Contemplated Transactions, except when the other Party is a named adverse party.

  • Throughout the Term of this CEA and in accordance with the terms of the Master Hospital Lease, Newco shall maintain in effect such policies or programs of self-insurance of property/casualty, general liability, and other insurance covering the Facilities, Assigned Assets and Hospital Business, of such kinds and in such amounts as are customary and reasonably available in the market for nonprofit hospitals in Louisiana.

  • Subject to the terms and conditions of this Agreement, at the Closing, the District and Newco shall enter into that certain Master Hospital Lease Agreement (“Master Hospital Lease”), substantially in the form attached hereto as Exhibit D for lease of the Hospital Real Property (the “Leased Premises”) and the Owned Equipment.

  • This Agreement shall terminate prior to the expiration of the Term only upon the expiration or termination of the Master Hospital Lease or in accordance with this Section 11.2 and for no other reason.


More Definitions of Master Hospital Lease

Master Hospital Lease means the lease agreement among LSU, UMCMC and the State for the Interim Facility, New Facility and other properties described in the lease agreement attached as Exhibit 4.1 of this Agreement.
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Related to Master Hospital Lease

  • Capital Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person.

  • Capitalized Lease of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles.

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Synthetic Lease means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an Operating Lease in accordance with GAAP.

  • Capitalized Lease Obligations means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.