Common use of Periodic Surveys Clause in Contracts

Periodic Surveys. Furnish to Lender or cause Manager to furnish to Lender, within twenty (20) days of receipt, a copy of any Medicare, Medicaid or other licensing agency survey or report and any statement of deficiencies and/or any other report indicating that any action is pending or being considered to downgrade the Facility to a substandard category, and within the time period required by the particular agency for furnishing a plan of correction also furnish or cause to be furnished to Lender a copy of the plan of correction generated from such survey or report for the Facility, and correct or cause to be corrected any deficiency, the curing of which is a condition of continued licensure or for full participation in Medicaid, Medicare or other reimbursement program pursuant to any Reimbursement Contract for existing patients/residents or for new patients/residents to be admitted with Medicaid or Medicare coverage, by the date required for cure by such agency (plus extensions granted by such agency).

Appears in 2 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)

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Periodic Surveys. Furnish to Lender or cause Lessee or Manager to furnish to Lender, within twenty (20) days of receiptthe time period set forth in Section 4.7, a copy of any Medicare, Medicaid Medicaid, or other licensing agency survey or report and any statement of deficiencies and/or any other report indicating that any action is pending or being considered to downgrade the Facility to a substandard category, and within the time period required by the particular agency for furnishing a plan of correction also furnish or cause to be furnished to Lender a copy of the plan of correction generated from such survey or report for the Facility, and correct or cause to be corrected any deficiency, the curing of which is a condition of continued licensure or for full participation in Medicaid, Medicare or other reimbursement program pursuant to any Reimbursement Contract for existing patients/residents or for new patients/residents to be admitted with Medicaid or Medicare coverage, by the date required for cure by such agency (plus extensions granted by such agency).

Appears in 1 contract

Samples: Loan Agreement (CNL Healthcare Properties II, Inc.)

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Periodic Surveys. Furnish to Lender or cause Manager or Lessee, as the case may be, to furnish to Lender, Lender within twenty (20) days of receipt, receipt a copy of any Medicare, Medicaid Medicaid, or other licensing agency survey or report and any statement of deficiencies and/or any other report indicating that any action is pending or being considered to downgrade the Facility to a substandard category, and within the time period required by the particular agency for furnishing a plan of correction also furnish or cause to be furnished to Lender a copy of the plan of correction generated from such survey or report for the Facility, and correct or cause to be corrected any deficiency, the curing of which is a condition of continued licensure or for full participation in Medicaid, Medicare or other reimbursement program pursuant to any Reimbursement Contract for existing patients/residents patients or for new patients/residents patients to be admitted with Medicaid or Medicare coverage, by the date required for cure by such agency (plus extensions granted by such agency).

Appears in 1 contract

Samples: Loan Agreement (Ensign Group, Inc)

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