Common use of Compliance with Third Party Payor Program Requirements Clause in Contracts

Compliance with Third Party Payor Program Requirements. Tenant shall, at its sole cost and expense, make (i) whatever improvements (capital or ordinary) as are required to conform each of the Leased Properties in all material respects to such standards, if any, as may, from time to time, be required by any applicable Third Party Payor Programs to the extent Tenant elects to be and remains a participant in such Third Party Payor Programs (it being acknowledged that the initial election to participate and to continue to participate in such Third Party Payor Programs is at the sole and absolute discretion of Tenant), or (ii) capital improvements required by any other Government Agency having jurisdiction over the applicable Leased Property as a condition of the continued operation of such Leased Property for its Intended Use, except, in the case of (i) or (ii) above, where the failure to comply will not have a material adverse effect on Tenant or Tenant's ability to operate the Leased Properties for their Intended Use.

Appears in 4 contracts

Samples: Property Lease Agreement (Brookdale Senior Living Inc.), Property Lease Agreement (Brookdale Senior Living Inc.), Property Lease Agreement (Provident Senior Living Trust)

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