Governmental Proceedings and Notices. Neither Borrower, Guarantor, Lessee, nor to the best of Borrower’s knowledge, Manager, is currently the subject of any proceeding by any Governmental Authority, and no notice of any violation has been received by Borrower, Guarantor, or Lessee, from any federal, state or local government or quasi-governmental body or agency or any administrative or investigative body that would, directly or indirectly, or with the passage of time: (a) have a material adverse impact on Borrower’s or Lessee’s or Manager’s ability to accept and/or retain residents or result in the imposition of a fine, a sanction, a lower rate certification or a lower reimbursement rate for services rendered to eligible residents; (b) modify, limit or annul or result in the transfer, suspension, revocation or imposition of probationary use of any of the Permits; or (c) to the extent applicable to the Facility, affect Borrower’s or Lessee’s or Manager’s participation in the Medicare or Medicaid programs or any other Third-Party Payors’ Programs, or any successor programs thereto, at then applicable rate certifications.
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Samples: Loan Agreement, Loan Agreement (CNL Healthcare Trust, Inc.)
Governmental Proceedings and Notices. Neither Borrower, Guarantor, Lessee, nor to the best of Borrower’s knowledge, Manager, is currently the subject of any proceeding by any Governmental Authority, and no notice of any violation has been received by Borrower, Guarantor, or Lessee, from any federal, state or local government or quasi-governmental body or agency or any administrative or investigative body that would, directly or indirectly, or with the passage of time:
(a) have a material adverse impact on Borrower’s or Lessee’s or Manager’s ability to accept and/or retain residents or result in the imposition of a fine, a sanction, a lower rate certification or a lower reimbursement rate for services rendered to eligible residents;
(b) modify, limit or annul or result in the transfer, suspension, revocation or imposition of probationary use of any of the Permits; or
(c) to the extent applicable to the Facility, affect Borrower’s or Lessee’s or Manager’s participation in the Medicare or Medicaid programs or any other Third-Party Payors’ Programs, or any successor programs thereto, at then applicable rate certifications. 3.11 [Intentionally Deleted.]
Appears in 1 contract
Governmental Proceedings and Notices. Neither None of Borrower, Guarantor, Lessee, nor to the best of Borrower’s knowledge, Manager, is currently the subject of any proceeding by any Governmental Authority, and no notice of any violation has been received by Borrower, Guarantor, or Lessee, from any federal, state or local government or quasi-governmental body or agency or any administrative or investigative body that would, directly or indirectly, or with the passage of time:
(a) have a material adverse impact on Borrower’s or Lessee’s or Manager’s ability to accept and/or retain residents or result in the imposition of a fine, a sanction, a lower rate certification or a lower reimbursement rate for services rendered to eligible residents;
(b) modify, limit or annul or result in the transfer, suspension, revocation or imposition of probationary use of any of the Permits; or
(c) to the extent applicable to the Facility, affect Borrower’s or Lessee’s or Manager’s participation in the Medicare or Medicaid programs or any other Thirdsimilar third-Party Payors’ Programsparty payor programs, or any successor programs thereto, at then applicable rate certifications.
Appears in 1 contract
Samples: Loan Agreement (CNL Healthcare Properties II, Inc.)