The Real Property. The Facility is located on the Real Property. The Facility and the roof and all major mechanical systems at the Facility, including, but not limited to, the Air Conditioning, Electrical and Heating and Ventilating Systems, are, and at Closing shall be, in the good operating condition and repair and accordingly in the same or better condition and repair as on the date of Purchaser's inspection thereof pursuant to Paragraph 11 (a)(iv) and Seller has no reason to believe that the same will not have a useful life with ordinary routine maintenance of no less than five years after the Closing Date.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Emeritus Corp\wa\), Stock Purchase Agreement (Emeritus Corp\wa\), Stock Purchase Agreement (Emeritus Corp\wa\)