Material Part. For purposes of Section 11, a "material part" of the Facility shall mean any part which the Buyer reasonably determines would materially adversely affect the operations of the Facility if damaged, destroyed or taken by Condemnation. To be "material" the loss must render the Premises unfit for use and occupancy as a nursing home.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Wendt Bristol Health Services Corp), Asset Purchase Agreement (Wendt Bristol Health Services Corp)