Reimbursement; Third Party Payors. The items, goods and services provided in each Healthcare Borrower’s respective business are qualified for participation (to the extent such Borrower currently or hereafter participates) in the Government Reimbursement Programs, and each such Borrower is entitled to reimbursement under the Government Reimbursement Programs for items, goods and services rendered by such Borrower (to the extent such Borrower currently or hereafter participates therein) to qualified beneficiaries, and each such Borrower complies in all material respects with the conditions of participation (to the extent such Borrower currently or hereafter participates) in the Government Reimbursement Programs and the requirements thereof. Each Healthcare Borrower is in compliance in all material respects with contracts with Non-Government Payors and is entitled to reimbursement under such contracts. Without limitation, there is no condition not complied with that could reasonably be expected to jeopardize participation in any Government Reimbursement Program or related contracts or otherwise could reasonably be expected to have a Material Adverse Effect.
Appears in 5 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)
Reimbursement; Third Party Payors. The items, goods and services provided in each Healthcare Borrower’s respective business are qualified for participation (to the extent such Borrower currently or hereafter participates) in the Government Reimbursement Programs, and each such Borrower is entitled to reimbursement under the Government Reimbursement Programs for items, goods and services rendered by such Borrower (to the extent such Borrower currently or hereafter participates therein) to qualified beneficiaries, and each such Borrower complies in all material respects with the conditions of participation (to the extent such Borrower currently or [PHI Group] Revolving Credit, Term Loan and Security Agreement hereafter participates) in the Government Reimbursement Programs and the requirements thereof. Each Healthcare Borrower is in compliance in all material respects with contracts with Non-Government Payors and is entitled to reimbursement under such contracts. Without limitation, there is no condition not complied with that could reasonably be expected to jeopardize participation in any Government Reimbursement Program or related contracts or otherwise could reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)