Common use of Specific Licensing Clause in Contracts

Specific Licensing. Each Project is duly licensed as a skilled nursing facility under the applicable laws of the state where such Project is located. The licensed bed or unit capacity of each Project as of the Closing Date is shown on Schedule 8.1. No Borrower has granted to any third party the right to reduce the number of licensed beds or units in the Projects or the right to apply for approval to move any and all of the licensed beds, persons permitted to be served or units in the Projects to any other location and there are no proceedings pending or, to the knowledge of Borrowers, threatened to reduce the number of licensed beds, persons permitted to be served or units in the Projects.

Specific Licensing. Each Project is duly licensed as a skilled nursing facility under the applicable laws of the state where such Project is located. The licensed bed or unit capacity of each Project as of the Closing Date is shown on Schedule 8.1. No Borrower has Neither Borrowers nor Operators have granted to any third party the right to reduce the number of licensed beds or units in the Projects or the right to apply for approval to move any and all of the licensed beds, persons permitted to be served or units in the Projects to any other location and there are no proceedings pending or, to the knowledge of Borrowers, threatened to reduce the number of licensed beds, persons permitted to be served or units in the Projects.