Common use of Healthcare Permits Clause in Contracts

Healthcare Permits. Borrowers have (i) each Healthcare Permit and other rights from, and have made all declarations and filings with, all applicable Governmental Authorities, all self regulatory authorities and all courts and other tribunals necessary to engage in the ownership, management and operation of the Projects or the assets of any Borrower, and (ii) no knowledge that any Governmental Authority is considering limiting, suspending or revoking any such Healthcare Permit. All such Healthcare Permits are valid and in full force and effect and Borrowers are in material compliance with the terms and conditions of all such Healthcare Permits, except where failure to be in such compliance or for a Healthcare Permit to be valid and in full force and effect would not have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit and Security Agreement (Emeritus Corp\wa\), Credit and Security Agreement (University General Health System, Inc.), Credit and Security Agreement (Integrated Healthcare Holdings Inc)

AutoNDA by SimpleDocs

Healthcare Permits. Borrowers have Borrower has (i) each Healthcare Permit and other rights from, and have made all declarations and filings with, all applicable Governmental Authorities, all self self-regulatory authorities and all courts and other tribunals necessary to engage in the ownership, management and operation of the Projects or the assets of any Borrower, and (ii) no knowledge that any Governmental Authority is considering limiting, suspending or revoking any such Healthcare Permit. All such Healthcare Permits are valid and in full force and effect and Borrowers are Borrower is in material compliance with the terms and conditions of all such Healthcare Permits, except where failure to be in such compliance or for a Healthcare Permit to be valid and in full force and effect would not have a Material Adverse Effectmaterial adverse effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trovagene, Inc.), Loan and Security Agreement (Trovagene, Inc.)

AutoNDA by SimpleDocs

Healthcare Permits. Borrowers and/or Operators have (i) each Healthcare Permit and other rights from, and have made all declarations and filings with, all applicable Governmental Authorities, all self regulatory authorities and all courts and other tribunals Authorities necessary to engage in the ownership, management and operation of the Projects or the assets of any BorrowerBorrowers and Operators, and (ii) no knowledge that any Governmental Authority is considering limiting, suspending or revoking any such Healthcare Permit. All such Healthcare Permits are valid and in full force and effect and Borrowers are in material compliance with the terms and conditions of all such Healthcare Permits, except where failure to be in such compliance or for a Healthcare Permit to be valid and in full force and effect would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit and Security Agreement (AlerisLife Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.