Ceased operation definition
Ceased operation means that the licensee no longer operates in Kentucky.
Ceased operation means the stopping of work on the Development once active construction has commenced for an extended period of time, but shall not apply to stoppages of a seasonal nature or resulting from Force Majeure; and
Ceased operation means that for twenty-four (24) consecutive months the Hospital is not operated as a hospital licensed by the State of Arizona, having a minimum of 50 hospital beds that are available for patient admissions and accepting patient admissions from physicians; provided, however, that any period during which the Hospital is being renovated or remodeled (for up to two (2) years) or being repaired or restored due to any casualty or Taking shall not be included in the period used for determining whether the Hospital has Ceased Operations. For purposes of this definition, the use of the term “hospital” shall only apply so long as hospitals in the State of Arizona (as that term is commonly used in the community on the date of this Lease) are licensed and continue, as a general matter, to be operated in a manner that would satisfy such definition. If there are changes in the health care industry such that the majority of Phoenix hospitals no longer satisfy such definition, then the parties shall agree on an alternate standard for determining whether the Hospital has Ceased Operations.
More Definitions of Ceased operation
Ceased operation means the cessation of business operations for any reason other than transfer, termination, non-renewal, or reacquisition. It includes abandonment of the outlet by a franchisee. It also includes franchisees in an “inactive” status.
Ceased operation means the stopping of work on a particular building within the Development once active construction has commenced for an extended period of time, but shall not apply to the period of time between phases or stoppages of a seasonal nature or resulting from Force Majeure;