USE THE FOLLOWING Sample Clauses
The "Use the Following" clause directs the reader to apply specific terms, conditions, or language provided elsewhere in the document or referenced materials. In practice, this clause may instruct parties to incorporate a particular definition, procedure, or set of rules when interpreting or executing a section of the agreement. Its core function is to ensure consistency and clarity by mandating the use of standardized or pre-approved content, thereby reducing ambiguity and the risk of conflicting interpretations.
USE THE FOLLOWING. Operator operates the Healthcare Facility, pursuant to that certain [title of Operator Lease or other agreement with Borrower], as now or hereafter amended, and/or renewed or extended (the “Borrower-Operator Agreement”)] [IF THERE IS A MASTER LEASE, USE THE FOLLOWING: Borrower has leased the Healthcare Facility to __ __ (“Master Tenant”) pursuant to that certain [Name of Master Lease], dated as of __ __, as amended from time to time (“Master Lease”). Master Tenant has subleased the Healthcare Facility to Operator to operate the Healthcare Facility, pursuant to that certain [title of Operator sub-lease with Master Tenant] dated as of __ __, as now or hereafter amended, and/or renewed or extended (the “Borrower-Operator Agreement”).] Operator is subject to that certain Healthcare Regulatory Agreement – Operator between Operator and the U.S. Department of Housing and Urban Development, acting by and through the Secretary, his or her successors, assigns or designates (“HUD”), relating to the Healthcare Facility and made as of substantially even date herewith, as the same may be amended from time to time (the “Operator Regulatory Agreement”). [IF THERE IS A MASTER LEASE, ADD THE FOLLOWING: Master Tenant is subject to that certain Healthcare Regulatory Agreement – Master Tenant between Master Tenant and HUD relating to the Healthcare Facility and made as of substantially even date herewith, as the same may be amended from time to time (the “Master Tenant Regulatory Agreement”). In addition to the Healthcare Facility, Master Tenant is or will be leasing a number of other healthcare facilities (the “Other Healthcare Facilities”), pursuant to the Master Lease, and subleasing each in turn to an affiliated operator (collectively, the “Other Operators”), each pursuant to a sublease agreement, as now or hereafter amended and/or renewed or extended (collectively the “Other Subleases”). Lender has or may extend loans in connection with each of the Other Healthcare Facilities, each such loan insured by HUD pursuant to Section 232 of the National Housing Act, as amended, or subsequent legislation (the “Other FHA-insured Loans”).]
USE THE FOLLOWING. Operator operates the Healthcare Facility, pursuant to that certain [title of Operator’sOperator Lease or Agreement other agreement with Borrower or Master Tenant] (“], as now or hereafter amended, and/or renewed or extended (the “Borrower-Operator Agreement”), and ”)] [IF THERE IS A MASTER LEASE,
USE THE FOLLOWING. Consolidated Tangible Net Worth as of the beginning of the quarter $ __________