Operation of Hospital Sample Clauses

Operation of Hospital. Notwithstanding anything contained in this Article 4 to the contrary, if for a continuous period of at least eight (8) months Tempe St. Luke's Hospital is no longer operated as an acute care hospital facility providing inpatient care and related services on the Land (a "CHANGE IN USE"), then subject to the force majeure terms of this Lease, which will permit or provide for a disruption in continuous operations at Tempe St. Luke's Hospital, the limitations on Lessee's use of the Ground Leased Premises set forth in Article 4 shall be null and void and Lessee shall have the right to use the Ground Leased Premises for the operation of a general office building and related and incidental uses and/or for any other use then permitted under applicable municipal zoning ordinances and regulations, subject to Lessor's prior written consent which may be withheld subject to and in accordance with the consent and approval terms set forth in Section 4.2 above (except with respect to use of the MOB as a general office building, as to which Lessor's consent and approval will not be unreasonably withheld). Notwithstanding anything herein to the contrary, the Change In Use rights herein described shall not be applicable in the event the discontinuance or interruption in operations at Tempe St. Luke's Hospital, for whatever term, results from reconstruction of the whole or any part of the Tempe St. Luke's Hospital premises due to condemnation or casualty. Upon the occurrence of a Change In Use as described herein, Lessor shall have the option, to be exercised (if at all) by giving written notice thereof to Lessee within ninety (90) days after the Change In Use occurs, to purchase the MOB and the rights of Lessee under this Lease at the fair market value thereof, which shall be established through good faith negotiations between Lessor and Lessee within a reasonable time after the exercise of the option.
Sample 1
AutoNDA by SimpleDocs
Operation of Hospital. Transferee will faithfully and efficiently administer, maintain and operate the Hospital as a charitable facility open to the general public, free ( of discrimination based upon race, color, religion, creed, national origin or sex and will use, maintain and operate the Hospital on a revenue-producing basis, consistent with Transferee ' s obligations under this Agreement. Transferee further covenants and agrees that: (a) it will at all times use its best efforts to maintain and operate the Hospital to meet the standards and requirements and provide health care of such quality and in such manner as shall enable the Hospital to participate in, and provide services in connection with, recognized medical insurance programs, and Transferee agrees that, so long as it shall remain a participating facility under such recognized programs, it will use its best efforts to comply with the . standards and requirements for remaining a participating medical facility thereunder, unless Transferee R shall determine, by resolution adopted by its Board of Directors, that it is not in the best interest of Transferee to comply therewith and that the financial condition of the Transferee will not be adversely and materially affected by noncompliance; (b) it will comply with applicable federal and state laws prohibiting discrimination based on race, religion, creed, color, sex or national origin; (c) it will use the Existing Facilities only in further- ance of the lawful purposes of Transferee; (d) it will not use the Existing Facilities or any part thereof for sectarian instruction nor will it use the Existing Facilities as a place of religious worship or as a facility used as a part of a program of a school or department of • divinity for any religious denomination or the religious training of ministers, priests, rabbis or other similar persons in the field Of religion; provided, however, that the . foregoing restrictions shall not be construed to prevent Transferee from ( i) maintaining a chapel for the use of patients, employees and visitors as part of the Existing Facilities, (ii) conducting medical education programs on any subject with one or more institutions , whether or not sectarian, or seminars or meetings explaining the operating policies of Transferee with regard to abortions or other medical or surgical services or ( iii) maintaining pastoral * care programs of the kind provided by hospitals generally; (e) it will not use the Existing Facilities or suffer or permit...
Sample 1
Operation of Hospital 
Sample 1Sample 2

Related to Operation of Hospital

  • Operation of the Company Each Party agrees to take all actions necessary to ensure that the Company shall be operated in accordance with the terms of this Agreement and the other Transaction Agreements, including, without limitation, to vote all Securities held by it (and to cause all Securities held by any of its Affiliates and permitted transferees under Section 13 to be voted) to effect the terms hereof.

  • Operation of Agreement This Agreement will be effective and binding immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon the occurrence of a Change in Control at any time during the Term, without further action, this Agreement shall become immediately operative.

  • Operation of Business Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Event.

  • Management and Operation of Business 37 6.1 Management...................................................................................37 6.2 Certificate of Limited Partnership...........................................................38 6.3 Restrictions on General Partner's Authority..................................................38 6.4 Reimbursement of the General Partner.........................................................39 6.5

  • Permitted Activities of Holdings Holdings shall not:

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Access to List of Holders' Names and Addresses Each Holder and each Owner shall be deemed to have agreed not to hold the Depositor, the Property Trustee, the Delaware Trustee or the Administrative Trustees accountable by reason of the disclosure of its name and address, regardless of the source from which such information was derived.

  • Continuity of Business Enterprise Except as set forth on Schedule 3.4, and except as contemplated by this Agreement, there has not been any sale, distribution or spin-off of significant assets of the Company or any of its Affiliates other than in the ordinary course of business within the two (2) year period preceding the date of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.