Licensed Beds Sample Clauses

Licensed Beds. As of the Closing Date, the number of licensed beds authorized for use in each Healthcare Facility is set forth on Schedule 6.34 hereto. No Operator nor any other Person has been granted the right to reduce the number of licensed beds or authorized beds in any Healthcare Facility or the right to apply for approval to move any or all of such beds, and there are not proceedings pending or threatened to reduce the number of licensed beds or authorized beds in any Healthcare Facility, and no Healthcare Facility is operated in a manner that at any time results in the number of beds being used exceeding the number of authorized or licensed beds.

Licensed Beds. As of the Restatement Date, the number of licensed beds authorized for use in each Healthcare Facility is set forth on Schedule 6.28 hereto.

Licensed Beds. To Seller's knowledge, the count of skilled nursing and adult care beds at the Facilities is as set forth on Exhibit 2.28.

Licensed Beds. The number and category of licensed beds at each Property is as set forth on Schedule III attached hereto and to the Mortgage Loan Agreement. Except as set forth in Schedule XII attached hereto and to the Mortgage Agreement, no waivers of any laws, rules, regulations or requirements (including, without limitation minimum square foot requirements per bed) are required for each Property to operate at the licensed bed capacities listed on Schedule III attached hereto and to the Mortgage Loan Agreement and to operate in substantial compliance with applicable Legal Requirements. No Borrower Party has been granted nor has any Borrower Party requested the right, to reduce the number of licensed beds at any Property. No Borrower Party has applied for approval to move any and all of the licensed beds at any Property to any other location.

Licensed Beds. Landlord will provide the space required to operate not less than twenty (20) licensed beds and space for all required related support services and facilities, which space shall comply (after renovations contemplated in this Agreement) with all applicable federal, state and local laws and regulations. Tenant acknowledges and agrees that the Premises, as described in Exhibit A, satisfies Landlord’s space requirement obligation.

Licensed Beds. (1) Schedule 1.8 hereto is a complete and accurate statement of the ------------ bed categories for which each healthcare facility (collectively, the "Healthcare Facilities" individually, a "Healthcare Facility") located at a --------------------- ------------------- Continuing Property that is not a GranCare Exchange Property will be licensed as of the Restructuring Closing Date, the number of beds in each category for which such Healthcare Facility will be licensed as of the Restructuring Closing Date, and the number of Licensed Beds in each category that will be available for use in such Healthcare Facility as of the Restructuring Closing Date. Upon the Restructuring Closing, no beds will be in use or available at such Healthcare Facility for use in any category for which such Healthcare Facility is not licensed. No GranCare Party has any reason to believe that the number of Licensed Beds in any category may be reduced by any governmental agency. (2) Schedule 1.8 hereto is a complete and accurate statement of the ------------ bed categories for which each Healthcare Facility located at a GranCare Exchange Property will be licensed as of the Exchange Closing Date, the number of beds in each category for which such Healthcare Facility will be licensed as of the Exchange Closing Date, and the number of Licensed Beds in each category that will be available for use in such Healthcare Facility as of the Exchange Closing Date. Upon the Exchange Closing, no beds will be in use or available at such Healthcare Facility for use in any category for which such Healthcare Facility is not licensed. No GranCare Party has any reason to believe that the number of Licensed Beds in any category may be reduced by any governmental agency.

Licensed Beds. The number and category of licensed beds at each Property is as set forth on Schedule III attached hereto. Except as set forth in Schedule XII, no waivers of any laws, rules, regulations or requirements (including, without limitation minimum square foot requirements per bed) are required for each Property to operate at the licensed bed capacities listed on Schedule III and to operate in substantial compliance with applicable Legal Requirements. No Borrower Party has been granted nor has any Borrower Party requested the right, to reduce the number of licensed beds at any Property. No Borrower Party has applied for approval to move any and all of the licensed beds at any Property to any other location.

Licensed Beds. Tenant shall ensure that the number of licensed beds, including the number of any higher acuity beds, for residents of any the Facilities is not decreased without the prior written consent of Landlord. With respect to reductions in licensed beds due to an Alteration or Restoration, Landlord’s consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that notwithstanding the foregoing, Landlord may grant or withhold its consent in its sole discretion if the number of licensed beds for patients and residents, including the number of any higher-acuity beds, of any Facility is to be decreased by more than five percent (5%) of the Licensed Bed Capacity.