Common use of Assisted Living Facilities Clause in Contracts

Assisted Living Facilities. (a) Prior to the transfer of the Transferred Assets, Boulevard Motel Corp., a Direct Lodging Subsidiary, shall transfer to Manor Care the assisted living facilities described on Schedule 2.03, including the real property on which such facilities are located, and all (i) fixtures, furnishings, furniture, equipment, supplies and other tangible personal property located at such facilities, and (ii) contracts, agreements, arrangements or commitments of any kind, and all licenses and permits and books, records and files, in each case that relate to such facilities. (b) Manor Care shall, and/or shall cause its subsidiaries to, assume, pay, perform and discharge in due course all of the Assisted Living Liabilities.

Assisted Living Facilities. (a) Prior to the transfer of the Transferred Assets, Boulevard Motel Corp., a Direct Lodging Subsidiary, shall transfer to Manor Care the assisted living facilities described on Schedule 2.03, including the real property on which such facilities are located, located and all (i) fixtures, furnishings, furniture, equipment, supplies and other tangible personal property located at such facilities, and (ii) contracts, agreements, arrangements or commitments of any kind, and all licenses and permits and books, records and files, in each case that relate to such facilities. (b) Manor Care shall, and/or shall cause its subsidiaries to, assume, pay, perform and discharge in due course all of the Assisted Living Liabilities.