Facility FF&E definition
Examples of Facility FF&E in a sentence
To the extent not previously delivered all third party approvals necessary in the reasonable opinion of the Agents for the operation and use of such Facility F,F&E and for the applicable Lessee to perform its obligations with respect to the applicable Lease Supplement shall have been obtained.
The final plans and specifications for the construction of the Improvements and the Facility FF&E to be installed in the Facility, which have been prepared by the Architect and approved by Lessor and Lessee and (ii) all amendments, modifications and supplements thereto which do not require the approval of Lessor and Lessee or which have been approved by Lessor and Lessee subsequent to the execution of this Lease.
Local Trustee may sell any Facility and its related Facility F,F&E as a whole or in such parcels or parts as he in his judgment may deem advisable.
Lessor shall consult with designated representatives of Lessee during construction of the Improvements and with respect to furnishing and installing the Facility FF&E.
Except for (i) the Seller Names, (ii) the Excluded Intellectual Property and (iii) Intellectual Property licensed under any Contract not set forth on Schedule 3.2(o)(iv)(1), the Transferred Intellectual Property and the Licensed Transferred Intellectual Property collectively constitutes all Intellectual Property that is necessary and used for the operation of the Facility or the Facility FF&E.
Leased items of Facility F,F&E that have been substituted or replaced by a Lessee pursuant to this Section 7.3(a) shall become the property of such Lessee, and title thereto shall automatically vest in such Lessee upon such permitted substitution or replacement.
Lessee shall be responsible for furnishing and equipping the Facility with such consumable inventory and supplies, and such other furniture, furnishings, equipment and other personal property in addition to the Facility FF&E, if any, as may be necessary, appropriate or required for the operation and occupancy of the Facility as a skilled nursing facility.
All costs and expenses of construction and development of the Improvements and the Facility FF&E, in accordance with the Plans up to (but not to exceed without the approval of both Lessor and Lessee) the total amount set forth in the Development Budget, plus the value allocated to the Land of $750,000.00.
The applicable Lessee shall have delivered to the Administrative Agent a fully-executed Certificate of Acceptance substantially in the form of Exhibit J with respect to each item of Facility F,F&E identified in such Advance Request (it being understood that no Certificate of Acceptance shall be required for any System prior to the earlier of the System being placed in service or payment in full of the purchase price therefor).
Lessor shall be responsible for equipping the Facility with the Facility FF&E, which shall be installed in consultation with Lessee’s designated representative.