Common use of OTAs Clause in Contracts

OTAs. The operators of the Facilities (excluding the Leased Facilities) and Purchaser (or its designee) shall have entered into the OTAs, the OTAs shall be in full force and effect, and the consummation of the transactions contemplated by the OTAs shall occur simultaneously with the Closing under this Agreement. HNZW/309572_13.doc/2887-150

Appears in 1 contract

Sources: Purchase and Sale Agreement (Global Healthcare Reit, Inc.)

OTAs. The operators of the Facilities (excluding the Leased FacilitiesFaculties) and Purchaser (or its designee) shall have entered into the OTAs, the OTAs shall be in full force and effect, and the consummation of the transactions contemplated by the OTAs shall occur simultaneously with the Closing under this Agreement. HNZW/309572_13.doc/2887-150.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Global Healthcare Reit, Inc.)