New Entities. GFB-AS will form one or more wholly owned subsidiaries to be admitted as the new general partners of the Investing Partnerships and the new managing partners of the Owning Partnerships. GFB-AS will cause its affiliates, Summerville Healthcare, Inc. and Brookdale Living Communities, Inc., to form one or more subsidiaries wholly owned by either or both of them to manage the Facilities.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Grand Court Lifestyles Inc), Asset Purchase Agreement (Grand Court Lifestyles Inc)