Common use of Participation in Reimbursement Programs Clause in Contracts

Participation in Reimbursement Programs. In the event any of the Borrowers elects to participate in any or all plans and/or programs for third party payment and/or reimbursement, and the revenues derived from a single plan or program exceed ten percent (10%) of the gross revenues of the applicable Facility, such Borrower will continue its participation in any and all such plans and/or programs for third party payment and/or reimbursement from, and claims against, private insurers or programs for payment and/or reimbursement from federal, state and local governmental agencies and/or private or quasi-public insurers, including, without limitation, Managed Care Plans, Medicaid and Medicare and the Veterans Administration (as determined by the Borrowers in the good faith exercise of their prudent and commercially reasonable business judgment). While participating in such plans, the Borrowers shall comply with any and all rules, regulations, standards, procedures and decrees necessary to maintain the Borrowers' participation in any such third party payment or reimbursement program or plan.

Participation in Reimbursement Programs. In the event any of the Borrowers Borrower elects to participate in any or all plans and/or programs for third party payment and/or reimbursement, and the revenues derived from a single plan or program exceed ten percent (10%) of the gross revenues of the applicable Facility, such Borrower will continue its participation in any and all such plans and/or programs for third party payment and/or reimbursement from, and claims against, private insurers or programs for payment and/or reimbursement from federal, state and local governmental agencies and/or private or quasi-public insurers, including, without limitation, Managed Care Plans, Medicaid and Medicare and the Veterans Administration (as determined by the Borrowers Borrower in the good faith exercise of their its prudent and commercially reasonable business judgment). While participating in such plans, the Borrowers Borrower shall comply with any and all rules, regulations, standards, procedures and decrees necessary to maintain the Borrowers' Borrower's participation in any such third party payment or reimbursement program or plan.

Participation in Reimbursement Programs. In the event any of the Borrowers Borrower elects to participate in any or all plans and/or programs for third party payment and/or reimbursement, and the revenues derived from a single plan or program exceed ten percent (10%) of the gross revenues of the applicable Facility, such Borrower will shall continue its participation in any and all such plans and/or programs for third party payment and/or reimbursement from, and claims against, private insurers or programs for payment and/or reimbursement from federal, state and local governmental agencies and/or private or quasi-public insurers, including, without limitation, Managed Care Plans, Medicaid and Medicare and the Veterans Administration (as determined by the Borrowers Borrower in the good faith exercise of their its prudent and commercially reasonable business judgment). While participating in such plans, the Borrowers Borrower shall comply with any and all rules, regulations, standards, procedures and decrees necessary to maintain the Borrowers' Borrower’s participation in any such third party payment or reimbursement program or plan.

Participation in Reimbursement Programs. In the event any of the Borrowers Borrower elects to participate in any or all plans and/or programs for third party payment and/or reimbursement, and the revenues derived from a single plan or program exceed ten percent (10%) of the gross revenues of the applicable Facility, such Borrower will continue its participation in any and all such plans and/or programs for third party payment and/or reimbursement from, and claims against, private insurers or programs for payment and/or reimbursement from federal, state and local governmental agencies and/or private or quasi-public insurers, including, without limitation, Managed Care Plans, Medicaid and Medicare and the Veterans Administration (as determined by the Borrowers Borrower in the good faith exercise of their its prudent and commercially reasonable business judgment). While participating in such plans, the Borrowers Borrower shall comply with any and all rules, regulations, standards, procedures and decrees necessary to maintain the Borrowers' Borrower's participation in any such third party payment or reimbursement program or plan.

Participation in Reimbursement Programs. In the event any of the Borrowers Guarantors elects to participate in any or all plans and/or programs for third party payment and/or reimbursement, and the revenues derived from a single plan or program exceed ten percent (10%) of the gross revenues of the applicable Facility, such Borrower Guarantor will continue its participation in any and all such plans and/or programs for third party payment and/or reimbursement from, and claims against, private insurers or programs for payment and/or reimbursement from federal, state and local governmental agencies and/or private or quasi-public insurers, including, without limitation, Managed Care Plans, Medicaid and Medicare and the Veterans Administration (as determined by the Borrowers Guarantors in the good faith exercise of their prudent and commercially reasonable business judgment). While participating in such plans, the Borrowers Guarantors shall comply with any and all rules, regulations, standards, procedures and decrees necessary to maintain the BorrowersGuarantors' participation in any such third party payment or reimbursement program or plan.