Retained Facilities definition
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.
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.
None of the Mariner Entities has any liabilities which would impair or encumber title to, or materially adversely affect the Retained Facilities or their operations, whether absolute, contingent or fixed, liquidated or unliquidated, matured or not yet due, of any nature, including tax liabilities, other than liquidated, noncontingent liabilities incurred by the Mariner Entities in the ordinary course of their businesses.
On or prior to the Effective Time, each of the Mariner Entities shall provide the SNH Entities with an accurate and complete list of the residents of each of the Retained Facilities and the Persons or Third Party Payor Programs responsible for payment of their charges.
Each Mariner Entity has maintained or caused to be maintained insurance since commencement of its operations at each of the Retained Facilities, without any interruption of coverage, against liability, loss or casualty on all aspects of each Retained Facility's operations, including, but not limited to, its assets, personnel, employees, and residents, as well as appropriate malpractice insurance.