Residence Agreements. Transferee has been supplied with true and correct copies of the forms (on a state-by-state basis) of the Residence Agreement currently in
Residence Agreements. Except as set forth on Section 3.20 of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries is in default under, nor to the Company's Knowledge is any Resident in default, or is there any dispute under or with respect to, any agreement (each such agreement, a "Residence Agreement") between any person currently residing at a Company Facility (each, a "Resident") and the owner, lessee or operator of such Company Facility, except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. True and complete copies of representative forms of Residence Agreements currently used in each of the Company Facilities have been made available to Parent prior to the date hereof. Except as set forth on Section 3.20 of the Company Disclosure Letter or as otherwise would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, all Residents of the Company Facilities have executed Residence Agreements and all Residence Agreements do not vary in any material respect from the forms of the applicable specimen agreements made available to Parent, and were entered into on an arms' length basis.
Residence Agreements. Transferee has been supplied with true and correct copies of the form of the Residence Agreement currently in use for new admissions at the Facilities. No Facility Owner is in default, and, to Transferee’s knowledge, no Resident is in default, under any of its obligations under any Residence Agreement which default could reasonably be anticipated to have a Material Adverse Effect. The Residence Agreements identified on the rent rolls provided to Transferor were in full force and effect as of the date of the applicable rent roll, except as would not reasonably be anticipated to have a Material Adverse Effect. The rent rolls are true and correct in all respects except as would not reasonably be anticipated to have a Material Adverse Effect, subject to the information on the then-current aged receivables report.
Residence Agreements. Tenant shall establish as policy and will request and use its best efforts to require that any and all residents or other persons for which the Tenant (or an agency retained by Tenant) provides services execute and deliver to the Tenant a residency agreement. Tenant has submitted to Landlord its form of residency agreement; Landlord's consent shall not be required for changes to or modifications of such residency agreement over the term of this Lease.
Residence Agreements. Seller's right, title and interest in and under all leases, residence agreements or other agreements with residents or other tenants occupying space in the Improvements (the "Residence Agreements"), a summary of which, in the form of a rent roll, shall be listed on SCHEDULE 2.3.
Residence Agreements. Without Purchaser's prior written consent, Seller shall not hereafter (1) modify, extend or otherwise change any of the terms, covenants or conditions of the Residence Agreements, or (2) except for Residence Agreements entered into in the ordinary course of business on Seller's standard agreement form and at Seller's standard rate and terms, enter into new agreements or any other obligations or agreements affecting the Property, or (3) terminate any of the Residence Agreements, unless the resident thereunder has materially defaulted. Seller shall not accept from any of the residents payment of rent more than two months in advance or apply any security deposit to rent due from any continuing resident. Nothing contained herein shall restrict Seller's right to enter into month-to-month Residence Agreements or grant month-to-month extensions of existing Residence Agreements in the ordinary course of business at rates generally consistent with those reflected in the rent roll.
Residence Agreements. The Residence Agreements are in full force and effect strictly according to the terms set forth therein. There are no uncured defaults on the part of Seller, as landlord, and, to the best of Seller's knowledge, by residents under the Residence Agreements and no resident has asserted, or has any defense to, offsets or claims against rent payable or obligations under its Residence Agreement. All of the landlord's obligations under the Residence Agreements which accrue before the Closing have been performed. Seller has no reason to believe that any resident is or may become unable or unwilling to perform any or all of such resident's obligations under its Residence Agreement. To the best of Seller's knowledge, no claim, controversy, dispute, quarrel or disagreement exists between any resident and Seller. Seller has made no representations to residents regarding the condition of the premises covered by any Residence Agreement or the compliance of the premises with any applicable governmental regulations, except as expressly set forth in the Residence Agreements.
Residence Agreements. New Investor has been supplied with true and correct copies of the forms (on a state-by-state basis) of the Residence Agreement currently in use for new admissions at the Facilities. No Facility Owner is in default, and, to SSLII’s knowledge, no Resident is in default, under any of its obligations under any Residence Agreement which default could reasonably be anticipated to have a Material Adverse Effect. The Residence Agreements identified on the Rent Rolls were in full force and effect as of the date of the applicable Rent Roll, except as would not reasonably be anticipated to have a Material Adverse Effect. The Rent Rolls are true and correct in all respects except as would not reasonably be anticipated to have a Material Adverse Effect, subject to the information on the then-current aged receivables report. As used in this Section 8.12, the term “Rent Rolls” means the schedules of Residents at the Facilities provided pursuant to Exhibit E.
