Common use of ACCOUNTS RECEIVABLE FINANCING Clause in Contracts

ACCOUNTS RECEIVABLE FINANCING. No accounts receivable or receipts from any Healthcare Facility may be pledged without prior written approval of Lender and HUD of the terms of such financing and the forms evidencing and securing such financing. In the event that Lender and HUD grant such approval, (i) the holder(s) of such lien shall enter into an Intercreditor Agreement with Lender and/or HUD in such form and upon such terms as consented to by Lender and HUD, and (ii) Master Tenant shall agree to comply with the terms required by Xxxxxx and HUD in connection therewith. This document may be executed in counterparts. The legal description of the Land is attached hereto as Exhibit A.

ACCOUNTS RECEIVABLE FINANCING. No accounts receivable or receipts from any Healthcare Facility may be pledged without prior written approval of Lender and HUD of the terms of such financing and the forms evidencing and securing such financing. In the event that Lender and HUD grant such approval, (i) the holder(s) of such lien shall enter into an Intercreditor Agreement with Lender and/or HUD in such form and upon such terms as consented to by Lender and HUD, and (ii) Master Tenant shall agree to comply with the terms required by Xxxxxx and HUD in connection therewith. This document may be executed in counterpartscounterpart. The legal description of the Land is attached hereto as Exhibit A.