Examples of Retained Facilities in a sentence
Attached hereto as Exhibit C are examples (the “Examples”) of the manner in which the Building Base Rent, Land Base Rent, Percentage Rent and breakpoint for future Percentage Rent calculations should be allocated or, as applicable, calculated with respect to the Divested Facilities, the Retained Facilities and Belterra Park.
With respect to each of the Retained Facilities, SPTMNR shall have received a satisfactory lien report showing that, as of the Effective Time, such Retained Facility is not subject to any liens, claims or encumbrances other than the Permitted Encumbrances.
With respect to each of the Retained Facilities, the SNH Entities shall have received such reports, surveys and opinions as they shall have determined are necessary or desirable, including the following: updated title reports, licensure and Medicare/Medicaid survey reports and updated appraisals; each such report, survey and opinion shall be satisfactory to the SNH Entities in their sole discretion.
CRRA will have the right to relocate the Retained Facilities elsewhere on its site, if practicable, at its cost subject to approval by CL&P.
Prior to Closing, Seller shall take all action necessary to cause all equity interests in and to, and other assets of, and all liabilities arising out of or related to the Retained Facilities to be transferred to and assumed by Seller or a Subsidiary of Seller, other than a Division Entity.