Common use of Health Care Permits and Approvals Clause in Contracts

Health Care Permits and Approvals. Engage in any activity that --------------------------------- (i) constitutes or, with the passage of time, notice or both, would result in a material default under or violation of, any such Health Care Permit necessary for the lawful conduct of its business or operations; or (ii) constitutes or, with the passage of time, notice or both, would result in the loss by any Health Care Facility owned, leased, managed or operated by any Loan Party 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 Loan Party has decided to participate in any such program, and to receive reimbursement from private and commercial payers and health maintenance organizations to the extent applicable thereto; in each case except where the loss of such Health Care Permit or rights to participate in or receive payments under such programs would not have a Material Adverse Effect.

Health Care Permits and Approvals. Engage in any activity that --------------------------------- --------------------------------- (ia) constitutes or, with the giving of notice, the passage of time, notice or both, would result in a material default under or violation of, any such Health Care Permit necessary for the lawful conduct of its business or operations; operations or (iib) constitutes or, with the giving of notice, the passage of time, notice or both, would result in the loss by any Health Care Facility owned, leased, managed or operated by the Borrower or any Loan Party 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 Loan Party has decided to participate in any such program, and to receive reimbursement from private and commercial payers and health maintenance organizations to the extent applicable thereto; , in each case case, except where the loss of such Health Care Permit or rights to participate in or receive payments under such programs would could not reasonably be expected to have a Material Adverse Effect.

Health Care Permits and Approvals. Engage in any activity that --------------------------------- --------------------------------- (ia) constitutes or, with the giving of notice, the passage of time, notice or both, would result in a material default under or violation of, any such Health Care Permit necessary for the lawful conduct of its business or operations; operations or (iib) constitutes or, with the giving of notice, the passage of time, notice or both, would result in the loss by any Health Care Facility owned, leased, managed owned or operated leased by the Borrower or any Loan Party of the Guarantors 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 the Borrower or such Loan Party Guarantor has decided to participate in any such program, and to receive reimbursement from private and commercial payers and health maintenance organizations to the extent applicable thereto; , in each case case, except where the loss of such Health Care Permit or rights to participate in or receive payments under such programs would could not reasonably be expected to have a Material Adverse EffectEffect or would not be inconsistent with the Borrower's three-year business plan heretofore delivered to the Agent and the Banks.

Health Care Permits and Approvals. Engage in any activity that --------------------------------- --------------------------------- (ia) constitutes or, with the giving of notice, the passage of time, notice or both, would result in a material default under or violation of, of any such Health Care Permit necessary for the lawful conduct of its business or operations; operations or (iib) constitutes or, with the giving of notice, the passage of time, notice or both, would result in the loss by any Health Care Facility owned, leased, managed or operated by Paragon or any Loan Party 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 Loan Party Guarantor has decided to participate in any such program, and to receive reimbursement from private and commercial payers and health maintenance organizations to the extent applicable thereto; , in each case case, except where the loss of such Health Care Permit or rights to participate in or receive payments under such programs would could not reasonably be expected to have a Material Adverse Effect.