Operations Transfer Agreement definition

Operations Transfer Agreement means that certain Agreement to Transfer Operations and Related Assets dated October 16, 2018 by and between, inter alios, Exiting Operator and Sublessee.

Operations Transfer Agreement or "OTA" shall mean that certain

Operations Transfer Agreement means that certain Operations Transfer Agreement dated on or after the date hereof, by and among Buyer, the Existing Manager, and Sxxxxxxxx Commons Residences, LLC.

Examples of Operations Transfer Agreement in a sentence

• The evidence proffered or adduced at the Confirmation Hearing (i) was persuasive and credible, (ii) has not been controverted by other evidence, and (iii) demonstrated that the Purchaser (or its corresponding designees) will be able to perform its obligations under each contract and lease identified on the Schedule of Assumed Contracts and in the Operations Transfer Agreement on and after the Effective Date.

• Based on the statements of counsel at the Confirmation Hearing, it is anticipated that Allowed Priority Tax Claims will be paid in full in cash on or as soon as practicable after the later of (a) the Effective Date, (b) the date on which such Priority Tax Claim becomes an Allowed Priority Tax Claim and (c) the date such Priority Tax Claim comes due in the ordinary course pursuant to the terms of the Operations Transfer Agreement or by operation of law.

• The terms of this transaction are set forth in the Operations Transfer Agreement.

• After entry of the Confirmation Order, if the Operations Transfer Agreement is terminated by the SMSA II Debtors due to a breach thereof by the Purchaser, then the SMSA II Debtors shall have the right to alter, amend or modify the Modified Plan or remedy any defect or omission in the Modified Plan.

• The Operations Transfer Agreement is approved in all respects, and the Debtors are authorized and directed to consummate the transactions contemplated by the Operations Transfer Agreement.

More Definitions of Operations Transfer Agreement

Operations Transfer Agreement shall have the meaning specified in the recitals hereof.

Operations Transfer Agreement. An agreement in all material respects in the form attached hereto as Exhibit E which shall, except as otherwise set forth herein, govern the transfer of operations of a Rejected Lease Facility from Lessee to Transferee.

Operations Transfer Agreement means that certain Operations Transfer Agreement, in the form delivered to the Lenders on or prior to the Third Amendment Primary Effective Date and reasonably satisfactory to Requisite Lenders, dated as of the Third Amendment Secondary Effective Date by and between Formation Properties III, LLC, Sovereign Healthcare, LLC, the Company, and certain subsidiaries of the Company, as amended from time to time in accordance with Section 6.19.

Operations Transfer Agreement. SUB-COLLATERAL AGENT", "TAMPA MORTGAGE LOAN", "THIRD AMENDMENT", "THIRD AMENDMENT PRIMARY EFFECTIVE DATE", "THIRD AMENDMENT SECONDARY EFFECTIVE DATE", "SUB-COLLATERAL AGENT PLEDGE AND SECURITY AGREEMENT", "WESTCHESTER MORTGAGE", "WESTCHESTER PREPAYMENT", "WESTCHESTER PREPAYMENT RESERVE" and "WESTCHESTER PROPERTY" are inserted in the proper alphabetical order:

Operations Transfer Agreement substantially in the form of Exhibit "A" hereto on or before the Transition Date. In connection therewith, LCT agrees to transfer owned personal property utilized in the operation of the Rejected Texas Facilities, and the Medicare Provider Agreements related to such Facilities, on the terms and conditions provided in the Operations Transfer Agreement. In connection with the transition, LCT shall be responsible for, and shall pay on a timely basis, claims or charges which are owed to third parties arising from its ordinary use, operation or control of each Rejected Texas Facility, including, but not limited to, payroll, insurance premiums, utilities, amounts due under executory obligations, and similar obligations, which claims or charges were (i) incurred in and attributable to the period from the Petition Date to the Transition Date, and (ii) qualify as costs of administration under section 503(b)(1) of the Bankruptcy Code.

Operations Transfer Agreement. Each of the Operations Transfer Agreement/Facility 1 through Facility 4, the Operations Transfer Agreement/Facility 5, and the Operations Transfer Agreement/Facility 6.

Operations Transfer Agreement means that certain operations transfer agreement made by and between Tenant and Prior Tenant dated December 1, 2020, pursuant to which Prior Tenant transferred the operations of the Facility and certain assets related thereto to Tenant.