Health Care Permits and Approvals. Engage in any activity that --------------------------------- (a) constitutes or, with the giving of notice, the passage of time, or both, would result in a material violation of, any Health Care Permit necessary for the lawful conduct of its business or operations or (b) constitutes or, with the giving of notice, the passage of time, or both, would result in the loss by any Health Care Facility or Ancillary Business owned, leased, managed or operated by the Company or any of its Subsidiaries of the right to participate in, and receive payment under, the appropriate Medicare, Medicaid and related reimbursement programs, and any similar state or local government-sponsored program, to the extent that such Credit Party has decided to participate in any such program with respect to such Health Care Facility or Ancillary Business, as the case may be, and to receive reimbursement from private and commercial payers and health maintenance organizations to the extent applicable thereto, in each case described in clauses (a) or (b) above, except where such violation or the loss of such Health Care Permit or rights to participate in or receive payments under such programs could not reasonably be expected to have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries, taken as a whole.
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Samples: Credit Agreement (Sailors Inc), Credit Agreement (Harborside Healthcare Corp)
Health Care Permits and Approvals. Engage in any activity that ---------------------------------
Take all action --------------------------------- reasonably necessary (a) constitutes or, with the giving of notice, the passage of time, or both, would result to maintain in a material violation of, any full force and effect all Health Care Permit Permits reasonably necessary for the lawful conduct of its business or operations or where now conducted and as planned to be conducted, including the ownership and operation of its Health Care Facilities and Ancillary Businesses pursuant to all Requirements of Law and (b) constitutes or, with the giving of notice, the passage of time, or both, would result in the loss by any to ensure that each Health Care Facility or and Ancillary Business owned, leased, managed or operated by the Company or any of its Subsidiaries of the right are entitled to participate in, and receive payment under, the appropriate Medicare, Medicaid and related reimbursement programs, and any similar state or local government-sponsored program, to the extent that such Credit Party the Company or any of its Subsidiaries has decided to participate in any such program with respect to such Health Care Facility or Ancillary Business, as the case may be, and to receive reimbursement from private and commercial payers and health maintenance organizations to the extent applicable thereto, except, in each case described in clauses (a) or (b) abovecase, except where such violation or the loss of such Health Care Permit or rights a failure to participate in or receive payments under such programs do so could not reasonably be expected to have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries, taken as a whole.
Appears in 1 contract
Samples: Credit Agreement (Sailors Inc)
Health Care Permits and Approvals. Engage in any activity that ---------------------------------
Take all action reasonably --------------------------------- necessary (a) constitutes or, with the giving of notice, the passage of time, or both, would result to maintain in a material violation of, any full force and effect all Health Care Permit Permits reasonably necessary for the lawful conduct of its business or operations or where now conducted and as planned to be conducted, including the ownership and operation of its Health Care Facilities and Ancillary Businesses pursuant to all Requirements of Law and (b) constitutes or, with the giving of notice, the passage of time, or both, would result in the loss by any to ensure that each Health Care Facility or and Ancillary Business owned, leased, managed or operated by the Company or any of its Subsidiaries of the right are entitled to participate in, and receive payment under, the appropriate Medicare, Medicaid and related reimbursement programs, and any similar state or local government-sponsored program, to the extent that such Credit Party the Company or any of its Subsidiaries has decided to participate in any such program with respect to such Health Care Facility or Ancillary Business, as the case may be, and to receive reimbursement from private and commercial payers and health maintenance organizations to the extent applicable thereto, except, in each case described in clauses (a) or (b) abovecase, except where such violation or the loss of such Health Care Permit or rights a failure to participate in or receive payments under such programs do so could not reasonably be expected to have a 77 material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries, taken as a whole.
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