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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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 S▇▇▇▇▇▇▇▇ Commons Residences, LLC.

Examples of Operations Transfer Agreement in a sentence

Assignor, Balanced Care Corporation, a Delaware corporation (the "Parent"), Assignee and ________________[need to insert name of HCRT landlord]entered into that certain Operations Transfer Agreement dated as of April 30, 2003 (the "OTA"), under which Assignor agreed to transfer to Assignee the operational and financial responsibility of the Facility as of the Effective Date.
The purchase price payable by Purchasers to Sellers for the Property is FIFTEEN MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($15,500,000.00) (the “Purchase Price”), payable in immediately available funds on the Closing Date, plus or minus the credits and prorations set forth in this Agreement or the Operations Transfer Agreement.
The execution and delivery of the Operations Transfer Agreement by the other parties thereto shall be a condition precedent to Buyer’s obligation to close on its purchase of the Property.
Sellers and New Operators have entered into the Operations Transfer Agreement.
All of the conditions to the obligations of New Operators set forth in the Operations Transfer Agreement shall have been fulfilled or waived and Sellers shall have fulfilled, in accordance with the terms of the Operations Transfer Agreement, all of their obligations thereunder such that there is no event of default under the Operations Transfer Agreement on behalf of Sellers.

More Definitions of Operations Transfer Agreement

Operations Transfer Agreement has the meaning set forth in the recitals.

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 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 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.

Operations Transfer Agreement means the Operations Transfer Agreement dated of even date with this Agreement to be entered into by Seller, New Manager and New Tenant.

Operations Transfer Agreement. The Operations Transfer Agreement dated as of April 3, 2012, by and between Old Operator and Operator, as assignee. Operator: Glenvue H&R Nursing, LLC, a Georgia limited liability company.

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: