Common use of Notice of Fees or Penalties Clause in Contracts

Notice of Fees or Penalties. Promptly notify Mezzanine Lender, upon Borrower's knowledge thereof, of the assessment by any state or any Medicare, Medicaid, health or licensing agency of any fines or penalties against Borrower, Manager, or the Facility.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Capital Senior Living Corp), Mezzanine Loan Agreement (Capital Senior Living Corp)

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Notice of Fees or Penalties. Promptly notify Mezzanine Lender, upon Borrower's knowledge thereof, of the assessment by any state or any Medicare, Medicaid, health or licensing agency of any fines or penalties against BorrowerOwner, Manager, or the Facility.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Capital Senior Living Corp)

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Notice of Fees or Penalties. Promptly notify Mezzanine Lender, upon Borrower's knowledge thereof, of the assessment by any state or any Medicare, Medicaid, health or licensing agency of any fines or penalties against BorrowerMortgagor, Manager, or the Facility.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Capital Senior Living Corp)

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