Receivership Order. A certified copy of the applicable final court order from the Chancery Court of Davidson County, Tennessee approving the receiver’s sale of the Facilities that are the subject of the Kansas Acquisition to the Kansas Borrowers (each as defined in the Term Loan Agreement), or other applicable written evidence, in each case reasonably satisfactory to the Administrative Agent, providing for the termination and release of any liens or security interests of any other Person in that portion of the Collateral of the Kansas Borrowers, if any, acquired by the Kansas Borrowers pursuant to the Kansas Acquisition Documents.
Appears in 3 contracts
Sources: Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.)