Licensed Operations definition

Licensed Operations means any activities which the licensee may carry on by virtue of their licence;

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Licensed Operations means the services licensed as part of Seller’s consolidated general acute care hospital license for the Hospital, including, without limitation, Seller’s outpatient services, including those outpatient clinics reimbursed through the “Rural Health Clinics Program” (as defined in 42 C.F.R. Pt. 405).

Licensed Operations has the meaning assigned to such term in the Purchase Agreement.

Examples of Licensed Operations in a sentence

• Seller is either not liable for any arrearage of wages or any taxes or penalties for failure to comply with any of the foregoing, or such will not have a material adverse effect on the Licensed Operations on or after the Closing Date.

• Seller either does not have any unsatisfied obligations to any employees or qualified beneficiaries pursuant to COBRA, HIPAA, or any state Law governing health care coverage extension or continuation other than the payment of benefits in the ordinary course of business, or any such obligations will not have material adverse effect on the Licensed Operations on or after the Closing Date.

• All obligations and liabilities arising out of Buyer’s operations and/or ownership of the Acquired Assets or Licensed Operations on or after the Closing Date, including all liabilities with respect to medical staff, health and/or safety matters.

• Authorize or approve the execution of any lease, contract or agreement of any kind or character with respect to the Hospital or the Licensed Operations, or incur any liabilities in connection therewith, save and except (a) those which will terminate or expire prior to the Closing Date; and (b) those to which it is presently committed or that arise in the ordinary and usual course of business as heretofore conducted.

• Seller is not, and has never been, engaged in any unfair labor practice of any nature, or such labor practice will not have a material adverse effect on the Licensed Operations on or after the Closing Date.

• Authorize or approve the waiver or release of any right or claim of Seller with respect to the Hospital or the Licensed Operations except in the ordinary course of business.

• Authorize or approve the termination of any Permits concerning the Hospital or the Licensed Operations.

• Seller shall take all actions necessary to maximize and obtain intergovernmental transfer payments allocated in respect of the Licensed Operations under the (collectively, the “IGT Amounts”), California Welfare & Institutions Code Sections 14165.55.

• Seller is either in compliance in all material respects with all applicable Laws as of the date of this Agreement respecting terms and conditions of employment including, but not limited to, those relating to plant closure or mass layoff issues, affirmative action, wage and hour Law, or any noncompliance with a Law will not adversely affect the Licensed Operations on or after the Closing Date.

• No labor strike, dispute, slowdown, stoppage, unresolved employee grievance or labor arbitration proceeding under a collective bargaining agreement has occurred in the last five years or is pending, or has been threatened, against Seller or the Licensed Operations.

More Definitions of Licensed Operations

Licensed Operations means the assets, rights, Intellectual Property Rights, information, assignments, licences, consents, in and to the K-Y brand, and other operations, which are required to operate the K-Y Business or to allow the Approved Licensee to apply the K-Y brand to the Existing SKUs and on a co-branded basis to personal lubricant products, as listed in Appendix 1, to be

Licensed Operations means the assets, rights, Intellectual Property Rights, information, assignments, licences, consents, in and to the K-Y brand, and other operations required to operate the K-Y Business, as listed in Appendix 1 to these Undertakings and in Appendix 1 to the Acquirers’ Undertakings, to be licensed to the Approved Licensee under the Approved Licensing Agreement(s);