Common use of Operation of the Facility Clause in Contracts

Operation of the Facility. (a) Without limiting the generality of Section 6.03, Borrower will, or will cause any Facility Operator to, operate the Facility for its Intended Use and will, or will cause any Facility Operator to, provide, to Lender’s reasonable satisfaction, all of the facilities, services, staff, equipment and supplies required or normally associated with a typical high quality property devoted to the Intended Use.

Appears in 9 contracts

Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (Sentio Healthcare Properties Inc), Multifamily Loan and Security Agreement

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Operation of the Facility. (a) Without limiting the generality of Section 6.03, Borrower will, or will cause any operator of the Facility Operator to, operate the Facility for its Intended Use and will, or will cause any operator of the Facility Operator to, provide, to Lender’s reasonable satisfaction, all of the facilities, services, staff, equipment and supplies required or normally associated with a typical high quality property devoted to the Intended Use.

Appears in 3 contracts

Samples: Multifamily Loan and Security Agreement (NorthStar Healthcare Income, Inc.), Multifamily Loan and Security Agreement (Care Investment Trust Inc.), Multifamily Loan and Security Agreement (Care Investment Trust Inc.)

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