Senior Living Facility definition

Senior Living Facility means a residential housing facility which qualifies as “housing for older persons” under the Fair Housing Amendments Act of 1988 and includes, congregate living units and assisted living units, but which does not include any nursing care units, and which is licensed as an “Assisted Living Facility” under Oregon law; and

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Senior Living Facility means any retirement or senior living facility or community, including independent and/or assisted living facilities, nursing homes, congregate care facilities, continuing care retirement communities and other health care facilities providing full time residential, recreational, personal care, home care, assisted living, nursing care, other health care and like services, in any combination, to senior citizens.

Senior Living Facility means a residential

Examples of Senior Living Facility in a sentence

• Do or cause to be done all things necessary to obtain, enter into, preserve and to keep in full force and effect its material rights and its trade names, patents, trademarks and Licenses, Participation Agreements, and Operating Agreements and Management Contracts which are necessary for the operation of each Facility as its respective type of Senior Living Facility and as contemplated by the Borrower.

• Notwithstanding the foregoing, the following New Investments shall not give rise to any Additional Required Liquidity: (1) the acquisition by the Guarantor or any Subsidiary of any Senior Living Facility which is currently a leasehold (except as provided in Section 3.2(f)(v)); or (2) the cost of proposed expansion of the Senior Living Facility knows as "Park Regency".

• All assets classified in the Guarantor's financial statements as leaseholds of Senior Living Facilities or leasehold acquisition costs related to Senior Living Facilities shall be included as tangible assets in the calculation of its Tangible Net Worth except leasehold acquisition costs, if any, for the Senior Living Facility known as "Freedom Plaza Peoria".

• Tenant agrees that during the term of this Lease and for a period of five years following the expiration of this Lease, Tenant shall not engage, and shall not cause or permit any of its Subsidiaries or any of its Affiliates to (each, a “Covered Person”) to engage directly or indirectly, in any capacity, in any activities that Compete with the business of developing, owning, operating, leasing or managing a Senior Living Facility within fifteen (15) miles of the Facility.

• Without limiting the generality of the foregoing, the failure of the Borrowers to obtain an operating license for any Facility within sixty (60) days of the issuance of the certificate of occupancy for such Senior Living Facility if such failure would have a Material Adverse Effect on the business or financial condition of any of the Loan Parties.

More Definitions of Senior Living Facility

Senior Living Facility and "Senior Living Facilities" mean individually or collectively, an assisted living facility, an independent living facility, a dementia care facility for persons with Alzheimer's disease and other forms of memory impairment or a skilled nursing facility containing residential units and common facilities.

Senior Living Facility means a senior housing facility, and, for certainty, without limitation, includes Skilled Nursing, Assisted Living and Independent Living facilities.

Senior Living Facility means a residential facility or a portion of a residential facility that:

Senior Living Facility means any limited service or full service retirement or senior living service facilities or communities, including assisted living facilities, nursing homes, congregate care facilities and other health care facilities providing residential, recreational, personal care, home care, assisted living, nursing care, other health care and like services, in any combination, to the elderly.

Senior Living Facility means, with respect to each Facility, the type of facility identified in Schedule 6.1.12(a).

Senior Living Facility means a facility licensed under the authority of the Utah Department of Health and Human Services, also described as “assisted living,” “rest home,” or “convalescent home,” other than a hospital, in which persons are lodged and furnished with care rather than diagnoses and treatment. Additionally, a Senior Living Facility may include (a) a facility licensed under the authority of the Utah Department of Health and Human Services for a memory care unit, or (b) unlicensed independent living units.

Senior Living Facility means a senior residential living project consisting of approximately 50 units, to be located on the real property described as the “East Tract” on Exhibit A to the Third Project Plan Amendment, which is attached as Exhibit D hereto.