Common use of Participation Agreements and Resident Agreements Clause in Contracts

Participation Agreements and Resident Agreements. (a) The Borrower has furnished to the Agent, on or before the applicable Facility Closing, the Borrower's form of Resident Agreement used with respect to all Facilities and, if requested by the Agent, copies of all current, executed Resident Agreements. (b) The Borrower further covenants to the Lenders that, with respect to the Participation Agreements, if any, (i) to the best of its knowledge, all Participation Agreements will be at the time of execution and delivery thereof valid and binding on the parties thereto and in full force and effect, and (ii) all Participation Agreements will provide for payment to the Borrower for services rendered to residents. The Borrower represents and warrants that as of the date hereof it has not entered into any Participation Agreement for any Facility. (c) To the extent the Borrower participates or will participate in Medicare or Medicaid payment and reimbursement programs, the Borrower has complied and will comply with all notice and other requirements under Title XVIII and Title XIX of the Social Security Act to enable the Borrower to participate in the Medicare and Medicaid payment and reimbursement programs.

Participation Agreements and Resident Agreements. (a) The Borrower has furnished to the Agent, on or before the applicable Facility Closing, the Borrower's form of Resident Agreement used with respect to all Facilities and, if requested by the Agent, copies of all current, executed Resident Agreements. (ba) The Borrower further covenants to the Lenders that, with respect to the Participation Agreements, if any, (i) to the best of its knowledge, all Participation Agreements will be at the time of execution and delivery thereof valid and binding on the parties thereto and in full force and effect, and (ii) all Participation Agreements will provide for payment to the Borrower for services rendered to residents. The Borrower represents and warrants that as of the date hereof it has not entered into any Participation Agreement for any Facility. (cb) To the extent the Borrower participates or will participate in Medicare or Medicaid payment and reimbursement programs, the Borrower has complied and will comply with all notice and other requirements under Title XVIII and Title XIX of the Social Security Act to enable the Borrower to participate in the Medicare and Medicaid payment and reimbursement programs.

Participation Agreements and Resident Agreements. (a) The Borrower has furnished or caused SSLMI to the furnish to Agent, on or before the applicable Facility ClosingClosing Date, the Borrower's form of Resident Agreement used with respect to all Facilities the Facility and, if requested by the Agent, copies of all current, executed Resident Agreements. (b) The . Borrower further covenants to the Lenders Agent that, with : (a) With respect to the Participation Agreements, if any, (i) to the best of its knowledge, all Participation Agreements will be at the time of execution and delivery thereof valid and binding on the parties thereto and in full force and effect, and (ii) all Participation Agreements will provide for payment to or for the benefit of Borrower or the Management Company for services rendered to residentsresidents of the Facility. The Borrower represents and warrants that as of the date hereof it has not entered into any Participation Agreement for any the Facility. (cb) To the extent the Borrower participates or will participate in Medicare or Medicaid payment and reimbursement programs, the Borrower has complied and will comply with all notice and other requirements under Title XVIII and Title XIX of the Social Security Act to enable the Borrower to participate in the Medicare and Medicaid payment and reimbursement programs.