Licensing and Accreditation. Except to the extent the same would not have or would not be reasonably expected to have a Material Adverse Effect, each of the Credit Parties has, to the extent applicable: (a) obtained and maintains in good standing all required licenses, permits, authorization and approvals of each Governmental Authority necessary to the conduct of its business; (b) to the extent prudent and customary in the industry in which it is engaged, obtained and maintains accreditation from all generally recognized accrediting agencies (including, but not limited to, CAP); (c) obtained and maintains CLIA certification; (d) entered into and maintains in good standing its Medicare Provider Agreements and its Medicaid Provider Agreements; and (e) ensured that all such required licenses, certifications and accreditations are in full force and effect on the date hereof and have not been revoked or suspended or otherwise limited.
Appears in 7 contracts
Samples: Credit Agreement (Quest Diagnostics Inc), Interim Credit Agreement (Quest Diagnostics Inc), Bridge Credit Agreement (Quest Diagnostics Inc)
Licensing and Accreditation. Except to the extent the same would not have or would not be reasonably expected to have a Material Adverse Effect, the Borrower and each of the Credit Parties its Domestic Subsidiaries has, to the extent applicable: , (a) obtained and maintains in good standing all required licenses, permits, authorization authorizations and approvals of each Governmental Authority necessary to the conduct of its business; , (b) to the extent prudent and customary in the industry in which it is engaged, has obtained and maintains accreditation from all generally recognized accrediting agencies (including, but not limited to, CAP); , (c) has obtained and maintains CLIA certification; , (d) has entered into and maintains in good standing its Medicare Provider Agreements and its Medicaid Provider Agreements; Agreements and (e) has ensured that all such required licenses, certifications and accreditations are in full force and effect on the date hereof and have not been revoked or suspended or otherwise limited.
Appears in 3 contracts
Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)