Provident Entities definition
Examples of Provident Entities in a sentence
Except as would not have a REIT Material Adverse Effect, each of the REIT and the Operating Partnership, Provident and the Provident Entities shall have performed all agreements and covenants required by this Agreement and the Formation Transaction Documentation to be performed or complied with by any of such entities on or prior to the Closing Date.
Such financial statements have been prepared for purposes of complying with Rule S-X 3-14 issued by the Securities Exchange Commission and fairly represent the financial condition of the Provident Entities for the respective periods indicated.
There are no licenses, permits, certificates and authorizations held by the Provident Entities other than those obtained by Silver Bay Property Corp.
Each Subsidiary of the Provident Entities, to the extent required under applicable Laws, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its Properties and other assets make such qualification necessary.
Each of Provident and the Provident Entities has performed in all material respects all agreements and covenants required by the Formation Transaction Documentation to be performed or complied with by it on or prior to the Closing Date.
Prior to the effective time of the mergers and contributions contemplated in the Formation Transaction Documentation, none of the Provident Entities nor any of their respective Subsidiaries shall take or omit to take any action to cause any Lien to attach to any Property, except for Permitted Liens.
There are no insurance policies held by the Provident Entities other than those copies of which have been delivered to the Consolidated Entities, and each of which is identified on Schedule 1.12.
Each Subsidiary of the Provident Entities has been duly organized and validly exists and is in good standing under the Laws of its jurisdiction of organization, and has all requisite power and authority to own, lease and/or operate its Properties and other assets and to carry on its business as presently conducted.
After giving effect to the Formation Transactions, there will be • OP Units outstanding (comprised of • OP Common Units and • OP Preferred Units), of which the Company will own • OP Common Units and 1,000 OP Preferred Units and the prior members (the “Prior Provident Investors”) of the Provident Entities (as defined below) will own an aggregate of • OP Common Units.
All (A) statistical and market-related data and (B) data (including financial information) with respect to Kindred Healthcare Inc., the Provident Entities, Brookdale Living Communities, Inc.