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