Common use of Transfer of Resident Trust Funds Clause in Contracts

Transfer of Resident Trust Funds. (a) On the Closing Date, Transferor shall deliver to New Operator a list that, to the best of its knowledge, will be a true, correct and complete description of any Resident Trust Funds held by Transferor as of the Closing Date for any resident of the Facility.

Transfer of Resident Trust Funds. (a) On the Closing Date, Transferor shall deliver to New Operator a list that, to the best of its knowledge, will be a true, correct and complete description of any Resident Trust Funds held by Transferor as of the Closing Date for any resident of the FacilityFacilities.