Common use of Participation in Third Party Payor Programs Clause in Contracts

Participation in Third Party Payor Programs. If Lessee or a Sublessee which is an Affiliate of Lessee elects to participate in Third Party Payor Programs, Lessee or such Sublessee shall remain eligible to participate in such Third Party Payor Programs in accordance with all requirements thereof (including, without limitation, all applicable Provider Agreements), if and to the extent remaining eligible shall be necessary for the prudent operation of the Facility in the good faith exercise of commercially reasonable business judgment.

Appears in 7 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)

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Participation in Third Party Payor Programs. If From and after the Conversion Date, Lessee or a and each Sublessee which is an Affiliate of Lessee elects to shall participate in Third Party Payor Programs, Lessee or such Sublessee shall remain eligible to participate in such all Third Party Payor Programs (which would be participated in by a prudent operator in the good faith exercise of commercially reasonable business judgment), in accordance with all requirements thereof (including, without limitation, all applicable Provider Agreements), if and shall remain eligible to the extent remaining eligible participate in such Third Party Payor Programs, all as shall be necessary for the prudent operation of the Facility in the good faith exercise of commercially reasonable business judgment.

Appears in 1 contract

Samples: Facility Lease Agreement (Balanced Care Corp)

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