Increase in Acuity definition

Increase in Acuity. Mix” is defined in Section 5.25(c).
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Increase in Acuity. Mix” means (A) the conversion of Independent Living Units to either Assisted Living Residences which are not devoted to Alzheimer’s care, dementia care and/or memory care, or Assisted Living Residences which are devoted to Alzheimer’s care, dementia care and/or memory care, or (B) the conversion of Assisted Living Residences which are not devoted to Alzheimer’s care, dementia care and/or memory care to Multifamily Loan and Security Agreement – Seniors Housing Page 17
Sample 1Sample 2Sample 3
Increase in Acuity. Mix” means (A) the conversion of Independent Living Units to either Assisted Living Residences which are not devoted to Alzheimer’s care, dementia care and/or memory care, or Assisted Living Residences which are devoted to Alzheimer’s care, dementia care and/or memory care, or (B) the conversion of Assisted Living Residences which are not devoted to Alzheimer’s care, dementia care and/or memory care to Assisted Living Residences which are devoted to Alzheimer’s care, dementia care and/or memory care. A “Decrease in Acuity Mix” means (A) the conversion of Assisted Living Residences which are not devoted to Alzheimer’s care, dementia care and/or memory care to Independent Living Units, or (B) the conversion of Assisted Living Residences which are devoted to Alzheimer’s care, dementia care and/or memory care to either Independent Living Units or Assisted Living Residences which are not devoted to Alzheimer’s care, dementia care and/or memory care. Without Lender’s prior consent, Borrower may not convert units at the Facility if the accumulated change after giving effect to the conversion, as a percentage of the total number of units in the Facility on the Closing Date, would be greater than:
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Related to Increase in Acuity

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of the Agreement.

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Increase Amount is defined in Section 2.3(a).

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Annual increase means, initially, fifty-nine cents per month

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Increase Date has the meaning specified in Section 2.18(a).

  • Capital Increase has the meaning given in clause 3.2(a);

  • Increase Joinder has the meaning specified therefor in Section 2.14.

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Net emissions increase means, with respect to any regulated NSR pollutant emitted by a major stationary source, the amount by which the sum of the following exceeds zero:

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Extension Amendment has the meaning set forth in Section 2.16(d).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Tax Increment means the difference between:

  • Increase Notice is defined in Section 2.19.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.