Operations Transfer Agreement definition

Operations Transfer Agreement means that certain Agreement to Transfer Operations and Related Assets dated October 16, 2018 by and between, inter alios, Exiting Operator and Sublessee.

Operations Transfer Agreement or "OTA" shall mean that certain

Operations Transfer Agreement means that certain Operations Transfer Agreement dated on or after the date hereof, by and among Buyer, the Existing Manager, and Xxxxxxxxx Commons Residences, LLC.

Examples of Operations Transfer Agreement in a sentence

• The Foreclosure High Bidder must submit an executed Operations Transfer Agreement to transition the operations of the facility to a new operator of its choosing.

• Foreclosure High Bidder shall submit an executed Operations Transfer Agreement, attached to these Foreclosure Instructions, to ensure a smooth and orderly transition to a new Operator.

• Any changes to the proposed Operations Transfer Agreement must be approved by HUD and the Receiver.These Foreclosure Instructions are for a residential healthcare facility.

• The form of the Operations Transfer Agreement has already been agreed upon by HUD and the Receiver that the District Court appointed to operate the Project.

• In any event, the Borrowers shall provide the Lender with fifteen (15) days’ written notice prior to entering into any non-adverse amendment, modification or supplement to any Real Estate Lease or such Management Agreement or Operations Transfer Agreement allowed under this Section 9.18, which such notice shall indicate a reasonably detailed description of such non-adverse amendment, modification or supplement.

More Definitions of Operations Transfer Agreement

Operations Transfer Agreement shall have the meaning specified in the recitals hereof.

Operations Transfer Agreement. The Operations Transfer Agreement dated as of April 3, 2012, by and between Old Operator and Operator, as assignee. Operator: Glenvue H&R Nursing, LLC, a Georgia limited liability company.

Operations Transfer Agreement substantially in the form of Exhibit "A" hereto on or before the Transition Date. In connection therewith, LCT agrees to transfer owned personal property utilized in the operation of the Rejected Texas Facilities, and the Medicare Provider Agreements related to such Facilities, on the terms and conditions provided in the Operations Transfer Agreement. In connection with the transition, LCT shall be responsible for, and shall pay on a timely basis, claims or charges which are owed to third parties arising from its ordinary use, operation or control of each Rejected Texas Facility, including, but not limited to, payroll, insurance premiums, utilities, amounts due under executory obligations, and similar obligations, which claims or charges were (i) incurred in and attributable to the period from the Petition Date to the Transition Date, and (ii) qualify as costs of administration under section 503(b)(1) of the Bankruptcy Code.

Operations Transfer Agreement means that certain operations transfer agreement made by and between Tenant and Prior Tenant dated December 1, 2020, pursuant to which Prior Tenant transferred the operations of the Facility and certain assets related thereto to Tenant.

Operations Transfer Agreement means the Operations Transfer Agreement dated of even date with this Agreement to be entered into by Seller, New Manager and New Tenant.

Operations Transfer Agreement. An agreement in all material respects in the form attached hereto as Exhibit E which shall, except as otherwise set forth herein, govern the transfer of operations of a Rejected Lease Facility from Lessee to Transferee.

Operations Transfer Agreement. Each of the Operations Transfer Agreement/Facility 1 through Facility 4, the Operations Transfer Agreement/Facility 5, and the Operations Transfer Agreement/Facility 6.