Examples of Seniors Housing Facility in a sentence
Borrower, Operator and Manager agree to cooperate with Lender in arranging an orderly transfer to a replacement operator of all Licenses and governmental approvals necessary or reasonably required to operate the Mortgaged Property as a Seniors Housing Facility, and to execute promptly all applications, assignments, consents and documents requested by Lender to facilitate such transition.
Evidence satisfactory to Agent that all Permits necessary to operate the Property as a Seniors Housing Facility are in full force and effect, including all conditions under any conditional use permit relating to the Improvements have been satisfied.
No right or claim of rescission, offset, abatement, diminution, defense, or counterclaim has been asserted with respect to the Seniors Housing Facility Lease, and there is no existing condition that, with the passage of time or giving of notice, or both, would result in a right or claim of rescission, offset, abatement, diminution, defense, or counterclaim under the terms and provisions of the Seniors Housing Facility Lease.
Borrower is the owner of a Seniors Housing Facility known as Amber Xxxx Alzheimer’s Special Care Center and located in Urbana, Champaign County, Illinois (the “Mortgaged Property”).
Xxxxxxxxxx Parkway is operated as a Seniors Housing Facility pursuant to a healthcare License which expired in October, 2016.
Except to the extent prohibited by Applicable Law, any Lease entered into by Property Operator will be subject and subordinate to the Seniors Housing Facility Lease and will not relieve the Property Operator of its obligations under the Seniors Housing Facility Lease.
Borrower is the owner of a Seniors Housing Facility commonly known as Memorial Xxxxx and located at 000 Xxxxx Xxxx Xxx Xxxx, Xxxxxxx, XX 00000 (the “Mortgaged Property”).
Borrower is the owner of a Seniors Housing Facility known as Amber Gxxx Alzheimer’s Special Care Center and located in Urbana, Champaign County, Illinois (the “Mortgaged Property”).
All Permits required for the operation of the Property as a Seniors Housing Facility are or will be in effect and will remain in effect and the Property and its contemplated use and operation comply or will comply therewith.
Borrower has performed and discharged all of the obligations on the part of Borrower to be performed and discharged pursuant to the terms set forth in the Seniors Housing Facility Lease.