Resident Census definition
Examples of Resident Census in a sentence
Each Resident Census shall be attached hereto as Schedule 3.02(a).
On the Closing Date, OWNERS shall update the Resident Census to reflect the residents at the Facilities as of the Closing Date.
In the aggregate of all Facilities taken together, the resident census of all such Facilities for the most recent full calendar month preceding the Closing shall be at least 95% of the Target Resident Census of all such Facilities as of the Execution Date; provided, however, that the Target Resident Census shall be adjusted accordingly in the event that the Waxhaw Lease Assignment is not consented to by the landlord thereunder and the Purchase Price Adjustment applies.
The resident average monthly census at any single Facility for the most recent full calendar month preceding the Closing shall be at least 87.5% of the Target Resident Census of such Facility.
The Owner Operator Sellers and the Operator Sellers have delivered to the Buyer true, correct and complete Resident Census Information for each Facility’s last three (3) fiscal years and current year-to-date broken out by month.