PIPS. Other than the Scheduled PIP, there are no PIPs affecting any Individual Property as of the Closing Date.
PIPS. The Health Plan shall perform no less than six (6) Agency approved performance improvement projects.
(1) Each PIP must include a statistically significant sample of Enrollees.
(2) At least one (1) of the PIPs must focus on Language and Culture, Clinical Health Care Disparities, or Culturally and Linguistically Appropriate Services.
(3) At least two (2) of the PIPs must relate to Behavioral Health Services.
(4) All PIPs by the Health Plan must achieve, through ongoing measurements and intervention, significant improvement to the quality of care and service delivery, sustained over time, in both clinical care and non-clinical care areas that are expected to have a favorable effect on health outcomes and Enrollee satisfaction.
(5) The PIPs must be completed in a reasonable time period so as to allow the Health Plan to evaluate the information drawn from them and to use the results of the analysis to improve quality of care and service delivery every year.
(6) Within three (3) months of the execution of this Contract, the Health Plan shall submit, in writing, a description of each of the PIPs to the Agency for written approval. The detailed description shall include:
(a) An overview explaining how and why the project was selected, as well as its relevance to the Health Plan’s Enrollees and Providers;
(b) The study question;
(c) The study population;
(d) The quantifiable measures to be used, including a goal or benchmark;
(e) Baseline methodology;
(f) Data sources;
(g) Data collection methodology;
(h) Data collection cycle;
(i) Data analysis cycle;
(j) Results with quantifiable measures;
(k) Analysis with time period and the measures covered;
(l) Analysis and identification of opportunities for improvement; and
(m) An explanation of all interventions to be taken.
PIPS. Each Loan Party has responded to and either cured, or is diligently seeking a cure within the applicable cure period, of all action items listed in any PIP with respect to any Borrowing Base Property, or compliance therewith has been waived.
PIPS. The property improvement or other similar plans for the Hotels contemplated by the Management Agreements, including the 2005 capital expenditure plans for the Hotels.
PIPS. (a) Lender’s consent shall be required in connection with any modification or amendment to any PIP Plan, PIP Budget, or PIP Completion Date, as set forth on Exhibits P-1, P-2, and P-3, respectively, attached hereto and made a part hereof, provided, however, that any modification or amendment accepted by the applicable Franchisor shall be deemed approved by Lender so long as (i) no Event of Default shall have occurred and be continuing, (ii) such modification or amendment shall not serve to increase any PIP Budget, increase the obligations of any Borrower or accelerate the time limits prescribed therein without Lender approval and (iii) in all cases, Borrower shall provide prior written notice of all such modifications or amendments. Each Borrower shall (x) take all necessary action to diligently complete in a manner acceptable to the applicable Franchisor the PIP Alterations applicable to such Borrower’s Property as contemplated under the applicable PIP Plan and in accordance with the applicable PIP Budget on or before the PIP Completion Date, as any of the same may have been modified or amended in accordance with the foregoing sentence, provided, however, in the case of any PIP Plan having a budget in excess of $15,000.00 per room, Lender shall be entitled to inspect such PIP Alterations for the purpose of determining such completion. Such Borrower shall deliver to Lender within forty–five (45) days following the completion of the applicable PIP Plan evidence reasonably satisfactory to Lender that the applicable Franchisor has accepted the PIP Alterations applicable to such Borrower’s Property as complete.
(b) Subject to Lender’s required approval of any modification to the PIP Budget attached to this Agreement in accordance with clause (a), above, ninety (90) days prior to Borrower’s commencement of any work related to a PIP Plan at any Property, but in no event later than ninety (90) days prior to the “PIP Commencement Date” identified in the applicable PIP Plan, Borrower shall deliver to Lender a detailed PIP Budget showing line-item detail reasonably acceptable to Lender in respect of such PIP Plan.
(c) In the event that Lender receives notice from a Franchisor under a Franchise Agreement that a Borrower has failed to complete the required PIP Alteration Work applicable to such Borrower’s Property by the applicable PIP Completion Date, Lender may (after notice and a reasonable cure period not to exceed sixty (60) days unless Lender reasonably determin...
PIPS. Except as set forth on Schedule 2.5(g)-3 to the First Modification Agreement, Borrower has not received any written notice or demand from any Franchisor demanding any repair, maintenance, alterations or improvement to any Property other than as specifically identified in a PIP Plan. To Borrower’s knowledge, each PIP Budget is sufficient to complete the applicable PIP Plan. No PIP is outstanding with respect to any Property other than the PIP Properties (as defined in the First Modification Agreement). Except as set forth on Schedule 2.5(g)-3 to the First Modification Agreement and except for the new PIPs that are expected to be issued for the Properties that are subject to Franchise Agreements with Hilton and cyclical renovations that are expected to be issued for the Properties that are subject to Franchise Agreements with Marriott, to Borrower’s knowledge, no Franchisor intends to require any other renovations or capital improvement projects for the Properties prior to the Stated Maturity Date.
PIPS. Borrower agrees that if any Franchisor requires any PIPs in connection with new franchise agreements or amendments to existing Franchise Agreements contemplated in Section 4.3(c) hereof, Borrower shall deliver such PIPs, the related PIP Budgets, and any modifications to the PIP Plans or PIP Budgets (if applicable) to Lender for its reasonable approval in accordance with the requirements of the Loan Documents. Borrower acknowledges that nothing contained in this Agreement, nor any approval of amendments or replacements of existing Franchise Agreements, is intended to modify the ongoing requirements set forth in the Loan Documents with respect to any existing or future PIPs.
PIPS. Except for the Individual Property known as “Residence Inn Hartford Manchester”, which PIP is being reserved for pursuant to Section 9.9 hereof, there are no PIPs affecting any Individual Property as of the Closing Date.
PIPS. There are no PIPs outstanding with respect to the Property other than the PIPs set forth on Schedule IX hereto. No Loan Party is in default under any PIP and to each Loan Party’s Actual Knowledge, no event has occurred that, with the passage of time and/or giving of notice, would constitute a breach of the PIP requirements under the Franchise Agreement.
PIPS. 8.1 When a Project Proposal is approved the Partners shall, subject to complying with their own approved procedures, finalise the terms of the PIPS and enter into it.
8.1 Each PIPS shall address the requirements of Section 33 and follow the guidance set out in Appendix 6 including confirmation of the resources and financial arrangements related to each PIP.
