Common use of Program Participation Clause in Contracts

Program Participation. Except as described in the Registration Statement, the Prospectus and the Pricing Disclosure Package, the Company, its subsidiaries, and the JVs, as applicable, meet all material requirements of participation of the Programs, are a party to valid participation agreements for payment by such Programs, and has not at any time violated in any material respects any condition of participation, condition of payment or any rule, regulation or policy or standard of any Program. None of the Company, its subsidiaries or the JVs, has received notice from any of the Programs of any pending or threatened investigations that would result in exclusion or debarment from any such Programs or the termination of any Program participation or payor agreement. “Programs” shall mean Medicare, Medicaid, and any other local, state or federal health care program as well as other third-party payor programs, including, but not limited to private insurance companies, health maintenance organizations, preferred provider organizations, alternative delivery systems, and managed care systems, that the Company, its subsidiaries and the JVs, as applicable, participate in or has contracts with.