Transferred Facility definition

Transferred Facility means any sites and facilities that were owned by AgCo or one of its Affiliates prior to the Effective Date and transferred to MatCo or one of its Affiliates as of the Effective Date as a result of the Internal Reorganization.

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Transferred Facility means a medical facility of the Maui regional system for which the right and responsibility to manage, operate, and otherwise provide health care services at the facility is transferred to a private entity or its nonprofit management entity pursuant to this part.

Transferred Facility or “Transferred Facilities” shall have the meaning given to such term in Section 28.1.

Examples of Transferred Facility in a sentence

The Purchaser shall also provide reasonable access to its employees as reasonably required by the Seller and its counsel (including access to obtain the assistance of the Purchaser’s employees to allow the Seller to prepare its final Cost Report), all in such manner as not to unreasonably interfere with the Purchaser’s business or with the operations of the Transferred Facility.
Any such Facility Employee who accepts such employment and commences work after the Closing Date shall be referred to as a "Transferred Facility Employee".
A Dow Entity has good and marketable fee simple title in and to each Retained Site and in and to each Transferred Facility thereon, free and clear of all Encumbrances, other than Permitted Encumbrances.
Any access to the Transferred Facility, their records or the Purchaser’s personnel granted to Seller in this Agreement shall be upon the condition that any such access will not materially interfere with the business operations of the Purchaser.
Prior to and following the Closing Date, Baker Hughes shall use commercially reasonable efforts to remove any asset that is located at a Baker Hughes Transferred Facility that is not a Baker Hughes Transferred Asset and cause to be delivered any Baker Hughes Transferred Asset that is not located at a Baker Hughes Transferred Facility to a Baker Hughes Transferred Facility.
Any Facility Employee who is not a Transferred Facility Employee shall be referred to as a “Non-Transferred Facility Employee”.
As of the Closing Date, a Parent Entity will have (i) a valid and binding leasehold interest in and to each Retained Site, and (ii) good and marketable fee simple title in and to each Transferred Facility thereon, in each case free and clear of all Encumbrances, other than Permitted Encumbrances.
With respect to each of the Transferred Facilities, Mariner shall have received a satisfactory lien report showing that, as of the Effective Time, such Transferred Facility is not subject to any liens, claims or encumbrances other than the Permitted Encumbrances.
Except as set forth in Section 3.13(c) of the ▇▇▇▇▇ ▇▇▇▇▇▇ Disclosure Schedule, no ▇▇▇▇▇ ▇▇▇▇▇▇ Party has granted any outstanding options, rights of first refusals, rights of first offer or other rights to sell, assign or dispose any interest in any ▇▇▇▇▇ ▇▇▇▇▇▇ Transferred Facility.
If Purchaser's Manager elects to credit any Transferred Facility Employees or Transferred Corporate Employees for any unused paid time off, vacation time or sick pay, which amounts are attributable to terms of employment prior to Closing, Purchaser shall receive a credit for all such accrued amounts.

More Definitions of Transferred Facility

Transferred Facility has the meaning ascribed to it in Section 2.1.

Transferred Facility. “Transferring Borrower”, “New Operator”, “Transfer Date” and “Transfer Documents” which were added to Section 1.1 of the Loan Agreement in the Eighth Modification are hereby modified and amended by adding to each of them the new information which appears in Section 2 of this Agreement.

Transferred Facility means the facility set forth in Section 1.1(m) of the Sellers Disclosure Schedules.

Transferred Facility terminates for any reason prior to the seventy-six (76) month anniversary, it has the right either: (i) to set-off against amounts due AHI or its affiliates under the Development Agreement or a separate "Royalty Sharing Agreement" (as defined in the Development Agreement") an amount equal to the unamortized portion of the Incremental Fee; or (ii) to receive all "Royalty" and "System Assessment Fees" on a mutually agreeable "API Facility" or "Additional API Facility" then owned by AHI, which is comparable to the "Transferred Facility" in question for the remainder of the seventy-six (76) month period following such termination (the fee stream to Franchisor per this subparagraph (ii) being the "Franchisor Substitute Stream"). The Repayment Amount is to be reduced by fifty percent (50%) of the liquidated damages actually received by the Franchisor from and on behalf of the transferee, net of costs of collection -- such net sum being the "Net Repayment Amount." The amount, if any, that Franchisor is entitled to from AHI or its affiliates pursuant to Section 4.3(d) of the Development Agreement (either per offset of the Net Repayment Amount or comprising the Franchisor Substitute Stream) is hereinafter referred to as the "Offset Amount."

Transferred Facility. “Transferring Borrower”, “New Operator”, “Transfer Date” and “Transfer Documents” which appear in Section 2 of this Agreement.