Separated Property definition

Separated Property. As defined in Section 31.2.

Separated Property means: (i) in relation to a Shared Property which has a RemainCo Company as the tenant under the headlease of such Shared Property, that part of the Shared Property which has been physically separated from the remainder of the Shared Property for the occupation of a Group Company; or (ii) in relation to a Shared Property which has a Group Company as the tenant under the headlease of such Shared Property, that part of the Shared Property which has been physically separated from the remainder of the Shared Property for the occupation of a RemainCo Company;

Separated Property. As defined in Section 31.2. ------------------- Shared Appreciation Purchase Price: The Minimum Repurchase Price of the ------------------------------------- Purchase Option Facilities in the aggregate plus Lessor's Shared Appreciation ------- ---- Amount. -- State: With respect to each Facility, the State or Commonwealth in which the ----- Leased Property for such Facility is located. -- Subsidiaries: Corporations, limited liability companies or partnerships, in ------------ which Lessee owns, directly or indirectly, more than 50% of the voting stock or --- partnership interest. Term: Collectively, the Fixed Term and any Extended Term(s), as the context may ---- require, unless earlier terminated. Texas HCP. Texas HCP Holding, L.P., a Delaware limited partnership ---------- Transfer Consideration: As defined in Article XXIV. ----------------------- Unavoidable Delays: Delays due to strike, lockout, inability to procure ------------------- materials, power failure, act of God, governmental restriction, enemy action, ------- civil commotion, fire, unavoidable casualty or other cause beyond the control of -- the party responsible for performing an obligation hereunder; provided, however, that a lack of funds shall not be deemed a cause beyond the control of either party hereto. Unsuitable for Its Primary Intended Use: With respect to each Facility, a state --------------------------------------- or condition of such Facility such that by reason of damage or destruction or Condemnation, in the good faith judgment of Lessor and Lessee, such Facility cannot be operated on a commercially practicable basis for its Primary Intended Use taking into account, among other relevant factors, the number of units and usable beds affected by such damage or destruction or Condemnation.

Separated Property or “Separated Properties” shall have the meaning set forth in Section 44.

Separated Property. As defined in Section 31.2. ------------------- State: With respect to each Facility, the State or Commonwealth in which the ----- Leased Property for such Facility is located. -- Subsidiaries: Corporations, limited liability companies or partnerships, in ------------ which Lessee owns, directly or indirectly, more than 50% of the voting stock or --- partnership, membership or other equity interest, respectively. Term: Collectively, the Fixed Term and any Extended Term(s), as the context may ---- require, unless earlier terminated. Transfer Consideration: As defined in Article XXIV. ----------------------- Unavoidable Delays: Delays due to strike, lockout, inability to procure ------------------- materials, power failure, act of God, governmental restriction, enemy action, ------- civil commotion, fire, unavoidable casualty or other cause beyond the control of -- the party responsible for performing an obligation hereunder; provided, however, that a lack of funds shall not be deemed a cause beyond the control of either party hereto. Unsuitable for Its Primary Intended Use: With respect to each Facility, a state --------------------------------------- or condition of such Facility such that by reason of damage or destruction or Condemnation, in the good faith judgment of Lessor and Lessee, such Facility cannot be operated on a commercially practicable basis for its Primary Intended Use taking into account, among other relevant factors, the number of units and usable beds affected by such damage or destruction or Condemnation.

Separated Property. As defined in Section 31.2. State: With respect to each Facility, the State or Commonwealth in which the Leased Property for such Facility is located.

Separated Property. As defined in Section 31.2. State: With respect to each Facility, the State or Commonwealth in which the Leased Property for such Facility is located. Subsidiaries: Corporations, partnerships, limited liability companies, business trusts or other legal entities with respect to which a Person owns, directly or indirectly (including through one or more intermediaries), more than fifty percent (50%) of the voting stock or partnership, membership or other equity interest, respectively.

Separated Property. As defined in Section 31.2. State: With respect to each Facility, the State or Commonwealth in which the Leased Property for such Facility is located. Subsidiaries: Corporations, partnerships, limited liability companies, business trusts or other legal entities with respect to which a Person owns, directly or indirectly (including through one or more intermediaries), more than fifty percent (50%) of the voting stock or partnership, membership or other equity interest, respectively. Term: The Fixed Term and any Extended Terms unless earlier terminated pursuant to the provisions hereof. Transfer: As defined in Article XXIV. Transfer Consideration: With respect to any Transfer constituting a Master Sublease (other than a Master Sublease entered into in connection with a Sale of Business), “Transfer Consideration” shall mean Fifty Percent (50%) of the positive difference, if any, between the total rent payable by the Sublessee under the Master Sublease for the applicable Facility(ies) and the Allocated Minimum Rent payable by Lessee under this Lease with respect to such Facility(ies) determined on a monthly basis, prorating such Allocated Minimum Rent, as appropriate, if less than all of such Facility(ies) is Master Subleased. Fifty Percent (50%) of the difference shall be paid by Lessee to Lessor monthly when the Allocated Minimum Rent of such Facility(ies) is due; provided, however, that in no event shall the total Transfer Consideration to which Lessor is entitled in connection with any such Master Sublease exceed the total consideration given directly or indirectly (including through one or more intermediaries) to Lessee, to any Controlling Person(s) or to any other Person in exchange for, in connection with, related to or arising out of the transaction(s) as to which such Master Sublease is a part. With respect to any other Transfer (i.e., a Transfer other than pursuant to a Master Sublease, but including a Master Sublease which is part of a Sale of Business), “Transfer Consideration” shall mean Fifty Percent (50%) of the Leasehold FMV of all of the Facilities that are part of such Transfer. As used herein, the term “consideration” shall mean and include money, services, property and other things of value, including payment of costs, cancellation or forgiveness of indebtedness, discounts, rebates, barter and the like. For purposes of the payment of Transfer Consideration to Lessor as provided in this Lease, if any such consideration given in exchange for,...