Provider Relief Payment Covenants. In the event any Loan Party or any of its Subsidiaries elects to retain all or any portion of one or more CARES Act Provider Relief Payments (or any other grants, reimbursements or other payments received under or in connection with CARES and Other COVID-19 Laws (other than any Medicare Accelerated Payment), such Loan Party shall use the proceeds thereof exclusively for uses that are permitted pursuant to the applicable CARES and Other COVID-19 Laws and otherwise comply in all material respects with the terms of the CARES and Other COVID-19 Laws applicable thereto (including, for the avoidance of doubt, the Relief Fund Payment Terms and Conditions published by HHS).
Appears in 6 contracts
Samples: Loan and Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De)
