Borrower/Property Operator Compliance with Laws Clause Samples

Borrower/Property Operator Compliance with Laws. (1) If required by Applicable Law, Borrower or Property Operator shall at all times maintain a current provider agreement under any and all applicable federal, state, and local laws providing for reimbursement (A) based on the operation of a Mortgaged Property as a Seniors Housing Facility; or (B) for providing housing or other services to residents at the Mortgaged Property. (2) Other than the Medicaid Provider Agreement covered by Section 6.01(g) (Medicaid Provider Agreement Representations) and except for the Medicare-eligible units at the Mortgaged Property known as Brookdale Carriage Club Providence and the skilled nursing units at Mortgaged Properties known as Brookdale Carriage Club Providence and Brookdale Westlake Village: (A) Borrower shall not participate in any federal program whereby any Governmental Authority may have the right to recover funds by reason of the advance of federal funds; and (B) Property Operator shall not participate in any federal program whereby any Governmental Authority may have the right to recover funds by reason of the advance of federal funds with respect to the Mortgaged Property.