Licenseholder definition
Examples of Licenseholder in a sentence
The individual executing this Agreement as the Licenseholder represents that he/she is the holder of the license whose number is provided and that services will be provided under that license number.
On a poll, each Licenseholder present in person or represented by a proxy duly appointed by instrument in writing shall be entitled to one vote in respect of each License of which he shall then be the Holder.
Any amount due pursuant to the preceding sentence (but excluding, for greater certainty, any interest payable pursuant to the next following sentence) shall be payable by either Corporation and each Licenseholder on a pro rata basis.
Exhibit B sets forth the true and correct description of (i) the nature of Seller’s ownership interest in the applicable Real Property (i.e. fee or leasehold interest), (ii) the type of services provided at such facility (i.e. assisted living, skilled nursing and/or independent living), (iii) the number of units at such facility, (iv) the Sunwest Record Owner with respect to such Real Property; and (v) the Sunwest Licenseholder which holds the Licenses related to the applicable Property.
Some individual, who need not be a Licenseholder, nominated in writing by the Trustee, shall be chairman of the meeting and if no individual is so nominated, or if the individual so nominated is not present within 15 minutes from the time fixed for the holding of the meeting, the Licenseholders present in person or by proxy shall choose some individual present to be chairman.
Corporate Licenseholder" shall mean any corporate entity the stock of which is owned by an ALS employee or former employee and that holds an "adult home" license for a Facility located in New York.
The registers hereinbefore referred to shall at all reasonable times be open for inspection by the Corporations, the Trustee or any registered Licenseholder.
With respect to all covenants in this Section 9.5, “Stayton” shall be deemed to refer to include Stayton, Sunwest Record Owner, Sunwest Licenseholder and Sunwest Manager.
On a show of hands, every person who is present and entitled to vote, whether as a Licenseholder or as proxy for one or more absent Licenseholders, or both, shall have one vote.
The transferee of a License shall, after the appropriate form of transfer and the License is lodged with the Trustee or other registrar, and upon compliance with all other conditions in that behalf required by this Trust Indenture or by law, be entitled to be entered on the register as the Licenseholder and shall be entitled to the benefit hereof.