Maintenance of Licenses, Etc. Maintain in full force and effect any authorization, consent, license or approval of any Governmental Authority necessary for the conduct of the Borrower’s business as now conducted by it or necessary in connection with this Agreement, except to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect.
Maintenance of Licenses, Etc. Each Loan Party shall maintain in full force and effect all licenses, franchises, permits and other authorizations necessary for the ownership and operation of its properties and business if the failure so to maintain the same would constitute a Material Adverse Change.
Maintenance of Licenses, Etc. Preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, all licenses, permits, authorizations, certifications and qualifications (including, without limitation, those qualifications with respect to solvency and capitalization) required under the HMO Regulations or the Insurance Regulations in connection with the ownership or operation of HMO’s or insurance companies except were the failure to do so would not reasonably be expected to result in a Material Adverse Effect.
Maintenance of Licenses, Etc. In addition to and without limiting the generality of Section 7.5, (a) observe and remain in compliance in all material respects with all Applicable Laws, including, without limitation, Medicare Regulations and Medicaid Regulations (as applicable), in connection with the ownership or operation of the Hospital, (b) obtain and preserve, to the fullest extent permitted by Applicable Law, all certifications and authorizations necessary to ensure that the Hospital and the Borrower are eligible for reimbursement under the Medicare Regulations and the Medicaid Regulations (as applicable), and (c) obtain and preserve all material licenses, permits, authorizations and qualifications required under Applicable Laws in connection with the ownership or operation of the Hospital.
Maintenance of Licenses, Etc. Holdings shall, and shall cause each of its Material Subsidiaries to, maintain in full force and effect all licenses, franchises, permits, rights, and other authorizations necessary for the ownership and operation of its properties and business if the failure so to maintain the same would constitute a Material Adverse Change.
Maintenance of Licenses, Etc. The Borrower and its Subsidiaries shall maintain in full force and effect all licenses, franchises, permits and other authorizations necessary for the ownership and operation of its properties and business if the failure so to maintain the same could reasonably be expected to constitute a Material Adverse Change.
Maintenance of Licenses, Etc. Each Borrower will maintain in full force and effect at all times, and apply in a timely manner for renewal of, all of its licenses, approvals, permits, franchises, patents, copyrights, trademarks, service marks, and trade names necessary for the continuation of the operation of its business.
Maintenance of Licenses, Etc. 5759 6.9 Further Assurances 5759
Maintenance of Licenses, Etc. Borrower shall maintain in force at all times, and apply in a timely manner for renewal of, all licenses, patents, approvals, permits, authorizations, privileges, franchises, trademarks, tradenames and other agreements including without limitation, the Licenses, necessary to operate an assisted living community at each of the Facilities and shall give FINOVA at least twenty (20) days prior written notice of the proposed amendment of any of such licenses, patents, permits, authorizations, privileges, franchises, trademarks, tradenames and other agreements. Borrower further covenants that all such licenses, patents, approvals, permits, authorizations, privileges, franchises, trademarks, tradenames and other agreements (a) have not been and will not be transferred to any facility other than the Facilities, (b) have not and will not be pledged as collateral security for any other loan or indebtedness, (c) are held free from restrictions or known conflicts which would materially impair the use and operation of the Facilities as intended, and (d) are not provisional, probationary or restricted. Borrower shall not rescind, withdraw, revoke, amend, modify, supplement, or otherwise alter the nature, tenor or scope of such licenses, permits and approvals for the Facilities. The Borrower shall continuously operate or cause to be operated the Facilities as assisted living communities and shall comply in all material respects with all applicable requirements of state and federal law, and regulations, together with all zoning, land use and environmental laws, applicable to the ownership and/or operation of the Real Property;
Maintenance of Licenses, Etc. Borrower shall maintain in force at all times, and apply in a timely manner for renewal of, all licenses, patents, approvals, permits, franchises, trademarks, tradenames and other agreements necessary to cause Completion of the Work to occur and to operate the Property, the loss of which would have a material adverse effect upon Borrower or upon the operation of the Property or the ability of Borrower to perform its obligations under the Loan Documents, and shall give Lender at least thirty (30) days prior written notice of the proposed amendment of any of such licenses, patents, permits, franchises, trademarks, tradenames and other agreements.
