Common use of Adverse Developments Clause in Contracts

Adverse Developments. Promptly after the Lessee acquires knowledge thereof, written notice of: (i) the potential termination of any Permit or Provider Agreement necessary for the operation of the Leased Property; (ii) any loss, damage or destruction to or of the Leased Property in excess of FIFTY THOUSAND DOLLARS ($50,000) (regardless of whether the same is covered by insurance); (iii) any material controversy involving the Lessee or any Sublessee and (x) Facility administrator or Facility employee of similar stature or (y) any labor organization; (iv) any controversy that calls into question the eligibility of the Lessee or the Facility for the participation in any Medicaid, Medicare or other Third Party Payor Program; (v) any refusal of reimbursement by any Third Party Payor which, singularly or together with all other such refusals by any Third Party Payors, could have a material adverse effect on the financial condition of the Lessee or any Sublessee; and (vi) any fact within the special knowledge of any member of the Leasing Group, or any other development in the business or affairs of any member of the Leasing Group, which may be materially adverse to the business, properties, assets or condition, financial or otherwise, of any member of the Leasing Group or the Leased Property.

Adverse Developments. Promptly after the Lessee acquires knowledge thereof, written notice of: (i) the potential termination of any Permit or Provider Agreement necessary for the operation of the Leased Property; (ii) any loss, damage or destruction to or of the Leased Property in excess of FIFTY TWENTY-FIVE THOUSAND DOLLARS ($50,00025,000) (regardless of whether the same is covered by insurance); (iii) any material controversy involving the Lessee or any Sublessee and (x) Facility administrator or Facility employee of similar stature or (y) any labor organization; (iv) any controversy that calls into question the eligibility of the Lessee or the Facility for the participation in any Medicaid, Medicare or other Third Party Payor Program; (v) any refusal of reimbursement by any Third Party Payor which, singularly or together with all other such refusals by any Third Party Payors, could have a material adverse effect on the financial condition of the Lessee or any Sublessee; and (vi) any fact within the special knowledge of any member of the Leasing Group, or any other development in the business or affairs of any member of the Leasing Group, which may be materially adverse to the business, properties, assets or condition, financial or otherwise, of any member of the Leasing Group or the Leased Property.

Adverse Developments. Promptly after the Lessee acquires knowledge thereof, written notice of: (iI) the potential termination of any Permit or Provider Agreement necessary for the operation of the Leased Property; (iiII) any loss, damage or destruction to or of the Leased Property in excess of FIFTY THOUSAND AND NO/100 DOLLARS ($50,00050,000.00) occurring within any twelve (12) month period (regardless of whether the same is covered by insurance); (iiiIII) any material controversy involving the Lessee or any Sublessee and (x) Facility administrator or Facility employee of similar stature or (y) any labor organizationother Acceptable Licensed Operator; (ivIV) any controversy that calls into question the eligibility of the Lessee Lessee, any other Acceptable Licensed Operator or the Facility for the participation in any Medicaid, Medicare or other Third Party Payor Program; (vV) any refusal of reimbursement by any Third Party Payor which, singularly or together with all other such refusals by any Third Party Payors, could have a material adverse effect on the financial condition of the Lessee or any Sublesseeother Acceptable Licensed Operator; and (viVI) any fact within the special knowledge of any member of the Leasing Group, or any other development in the business or affairs of any member of the Leasing Group, which may be materially adverse to the business, properties, assets or condition, financial or otherwise, of any member of the Leasing Group or the Leased Property.

Adverse Developments. Promptly after the Lessee acquires knowledge thereof, written notice of: (i) the potential termination of any Permit or Provider Agreement necessary for the operation of the Leased Property; (ii) any loss, damage or destruction to or of the Leased Property in excess of FIFTY THOUSAND and NO/100 DOLLARS ($50,00050,000.00) occurring within any twelve (12) month period (regardless of whether the same is covered by insurance); (iii) any material controversy involving the Lessee or any Sublessee and (x) Facility administrator or Facility employee of similar stature or (y) any labor organizationother Acceptable Licensed Operator and; (iv) any controversy that calls into question the eligibility of the Lessee Lessee, any other Acceptable Licensed Operator or the Facility for the participation in any Medicaid, Medicare or other Third Party Payor Program; (v) any refusal of reimbursement by any Third Party Payor which, singularly or together with all other such refusals by any Third Party Payors, could have a material adverse effect on the financial condition of the Lessee or any Sublesseeother Acceptable Licensed Operator; and (vi) any fact within the special knowledge of any member of the Leasing Group, or any other development in the business or affairs of any member of the Leasing Group, which may be materially adverse to the business, properties, assets or condition, financial or otherwise, of any member of the Leasing Group or the Leased Property.

Adverse Developments. Promptly after the Lessee acquires knowledge thereof, written notice of: (iI) the potential termination of any Permit or Provider Agreement necessary for the operation of the Leased Property; (iiII) any loss, damage or destruction to or of the Leased Property in excess of FIFTY THOUSAND AND NO/100 DOLLARS 70 ($50,00050,000.00) occurring within any twelve (12) month period (regardless of whether the same is covered by insurance); (iiiIII) any material controversy involving the Lessee or any Sublessee and (x) Facility administrator or Facility employee of similar stature or (y) any labor organizationother Acceptable Licensed Operator and; (ivIV) any controversy that calls into question the eligibility of the Lessee Lessee, any other Acceptable Licensed Operator or the Facility for the participation in any Medicaid, Medicare or other Third Party Payor Program; (vV) any refusal of reimbursement by any Third Party Payor which, singularly or together with all other such refusals by any Third Party Payors, could have a material adverse effect on the financial condition of the Lessee or any Sublesseeother Acceptable Licensed Operator; and (viVI) any fact within the special knowledge of any member of the Leasing Group, or any other development in the business or affairs of any member of the Leasing Group, which may be materially adverse to the business, properties, assets or condition, financial or otherwise, of any member of the Leasing Group or the Leased Property.