Senior Living Business definition

Senior Living Business means all of the land, buildings, furniture, fixtures and equipment used to operate certain senior living communities to the extent purchased from the Senior Living Seller.
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Senior Living Business means (i) the business of operating, managing or franchising (as a franchisor), or in any other manner supervising the day-to-day conduct of, any Senior Living Facility (other than typical monitoring of an Operator of a Senior Living Facility done by an Investor in such Senior Living Facility) and (ii) operational or management services with respect to health care, therapy, home health care, assisted living, nursing and related medical, residential, supportive and personal care services conducted at or related to any Senior Living Facility; provided that "SENIOR LIVING BUSINESS" does not -------- ---- include activities involving services that are ancillary to a Senior Living Facility (e.g. operation of a gift shop business), so long as such activities do not involve either (x) conduct as an Operator of any such Senior Living Facilities or (y) any of the activities described in clause (ii) above.
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Examples of Senior Living Business in a sentence

  • Except as set forth in Section 4.09(a) of the Company Disclosure Letter, no complaint for sex, age, race or other discrimination claim or any unfair labor practice claim has been brought against the Company (with respect to the BSL Senior Living Business), BSL, CMC or any BSL Partnership which is unresolved as of the date hereof.

  • None of the Company, BSL, CMC nor any ERISA Affiliate has any present or future obligation to make any payment to or with respect to any present or former employee of the Company involved in the BSL Senior Living Business or of BSL or CMC pursuant to any retiree medical benefit plan, other than as may be required by federal or state law.

  • BSL and the Company have made and kept (and given the Purchaser access to) books and records and accounts, which, in reasonable detail, accurately and fairly reflect the activities of the Company and its Subsidiaries (including BSL and CMC) and the BSL Partnerships with respect to the BSL Senior Living Business.

  • Except as provided by applicable law, the employment of all persons presently employed or retained by the Company, any Company Subsidiary or BSL in the operation of the BSL Senior Living Business is terminable at will, at any time and without advance notice.

  • Section 4.18 of the Company Disclosure Letter sets forth the insurance policies covering the operations of the BSL Senior Living Business in effect as of the date hereof, including the policy numbers, terms, identity of the insurers and amounts and nature of coverage.

  • The BSL Assets and Related Assets include all the tangible assets reasonably necessary to the BSL Senior Living Business as is currently conducted.

  • Except as disclosed in Section 4.13(h) of the Company Disclosure Letter, none of the Company, BSL, CMC nor any ERISA Affiliate has any announced plan or legally binding commitment to create any additional Employee Plans with respect to the BSL Senior Living Business or to amend or modify any existing Employee Plan in effect with respect to the BSL Senior Living Business.

  • Neither the Company (with respect to the BSL Senior Living Business) nor BSL nor CMC nor any BSL Partnership has engaged in any material transaction, maintained any bank account or used any corporate funds except for transactions, bank accounts and funds which have been and are reflected in the normally maintained books and records of the Company and its Subsidiaries.

  • None of the Company, BSL, CMC or any ERISA Affiliate has ever maintained, contributed to or been required to contribute to any "welfare benefit fund" as defined in Section 419(e) of the Code in connection with the BSL Senior Living Business.

  • Notwithstanding anything herein to the contrary, no Indemnified Party shall be required to commence any legal proceeding, or otherwise threaten to commence any legal Proceeding, in connection with the requirements under this Section 13.06.

Related to Senior Living Business

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Remaining Business means all IAC Businesses other than the Spun Businesses.

  • Company Business means the business of the Company as presently conducted.

  • Competing Business means any business, individual, partnership, firm, corporation or other entity which wholly or in any significant part engages in any business competing with the Business in the Restricted Area. In no event will the Company or any of its affiliates be deemed a Competing Business.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Active business operations means all business operations that are not inactive business operations.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Surviving Business Entity has the meaning assigned to such term in Section 14.2(b).

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Business Area means an adjacent area that is zoned by a state, county, township, or municipal zoning authority for industrial or commercial purposes, customarily referred to as "b" or business, "c" or commercial, "i" or industrial, "m" or manufacturing, and "s" or service, and all other similar classifications and that is within a city, village, or charter township or is within 1 mile of the corporate limits of a city, village, or charter township or is beyond 1 mile of the corporate limits of a city, village, or charter township and contains 1 or more permanent structures devoted to the industrial or commercial purposes described in this subdivision and that extends along the highway a distance of 800 feet beyond each edge of the activity. Each side of the highway is considered separately in applying this definition except that where it is not topographically feasible for a sign or sign structure to be erected or maintained on the same side of the highway as the permanent structure devoted to industrial or commercial purposes, a business area may be established on the opposite side of a primary highway in an area zoned commercial or industrial or in an unzoned area with the approval of the state highway commission. A permanent structure devoted to industrial or commercial purposes does not result in the establishment of a business area on both sides of the highway. All measurements shall be from the outer edge of the regularly used building, parking lot, or storage or processing area of the commercial or industrial activity and not from the property lines of the activities and shall be along or parallel to the edge or pavement of the highway. Commercial or industrial purposes are those activities generally restricted to commercial or industrial zones in jurisdictions that have zoning. In addition, the following activities are not commercial or industrial:

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • the two businesses means the FNZ business and the GBST business;

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Business of the Employer means the business conducted by the Employer, which is the business of commercial banking.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Commercial cannabis activity means the production, cultivation,