Common use of Third Party Payor Programs Clause in Contracts

Third Party Payor Programs. Neither the Projects, nor any Borrower, shall, other than in the normal course of business, change the terms of any Third Party Payor Programs or its normal billing payment and reimbursement policies and procedures with respect thereto (including without limitation the amount and timing of finance charges, fees and write-offs) in any matter which could reasonably be expected to result in a Material Adverse Effect. Borrowers will (a) maintain in full force and effect, and free from restrictions, probations, conditions or known conflicts which would materially impair the use or operation of any Project for its current use, all Healthcare Permits necessary under Healthcare Laws to continue to receive reimbursement under all Third Party Payor Programs in which any Borrower or any Project participates as of the date of this Agreement, and (b) provide to Agent upon request, an accurate, complete and current list of all participation agreements with Third Party Payors with respect to the business of Borrowers. Borrowers shall at all times comply with all material requirements, contracts, conditions and stipulations applicable to Borrowers in order to maintain in good standing and without material default or limitation all such participation agreements.

Appears in 1 contract

Samples: Credit and Security Agreement (Integrated Healthcare Holdings Inc)

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Third Party Payor Programs. Neither the Projects, nor any Borrower, shall, other than in the normal course Ordinary Course of businessBusiness, change the terms of any Third Party Payor Programs or its normal billing payment and reimbursement policies and procedures with respect thereto (including without limitation the amount and timing of finance charges, fees and write-offs) in any matter which could reasonably be expected to result in a Material Adverse Effect). Borrowers will (a) maintain in full force and effect, and free from restrictions, probations, conditions or known conflicts CHICAGO/#2321168.11 which would materially impair the use or operation of any Project for its current use, all Healthcare Permits necessary under Healthcare Laws to continue to receive reimbursement under all Third Party Payor Programs in which any Borrower or any Project participates as of the date of this Agreement, and (b) provide to Agent upon request, an accurate, complete and current list of all participation agreements with Third Party Payors with respect to the business of Borrowers. Borrowers shall at all times comply with all material requirements, contracts, conditions and stipulations applicable to Borrowers in order to maintain in good standing and without material default or limitation all such participation agreements.

Appears in 1 contract

Samples: Credit and Security Agreement (Emeritus Corp\wa\)

Third Party Payor Programs. Neither the Projects, nor any Borrower, shall, other than in the normal course Ordinary Course of businessBusiness or as could not reasonably be expected to have a Material Adverse Effect, change the terms of any Third Party Payor Programs or its normal billing payment and reimbursement policies and procedures with respect thereto (including without limitation the amount and timing of finance charges, fees and write-offs) in any matter which could reasonably be expected to result in a Material Adverse Effect). Borrowers will (a) maintain in full force and effect, and free from restrictions, probations, conditions or known conflicts which which, in each case, would materially impair the use or operation of any Project for its current use, all Healthcare Permits necessary under Healthcare Laws to continue to receive reimbursement under all Third Party Payor Programs in which any Borrower or any Project participates as of the date of this Agreement, and (b) provide to Agent upon request, an accurate, complete and current list of all participation agreements with Third Party Payors with respect to the business of Borrowers. Borrowers shall at all times comply in all material respects with all material requirements, contracts, conditions and stipulations applicable to Borrowers in order to maintain in good standing and without material default or limitation all such participation agreements.

Appears in 1 contract

Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)

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Third Party Payor Programs. Neither the Projects, nor any Borrower, shall, other than in the normal course Ordinary Course of businessBusiness or as could reasonably be expected to have a Material Adverse Effect, change the terms of any Third Party Payor Programs or its normal billing payment and reimbursement policies and procedures with respect thereto (including including, without limitation limitation, the amount and timing of finance charges, fees and write-offs) in any matter which could reasonably be expected to result in a Material Adverse Effect). Borrowers will (a) maintain in full force and effect, and free from restrictions, probations, conditions or known conflicts which which, in each case, would materially impair the use or operation of any Project for its current use, all Healthcare Permits necessary under Healthcare Laws to continue to receive reimbursement under all Third Party Payor Programs in which any Borrower or any Project participates as of the date of this Agreement, and (b) provide to Agent upon request, an accurate, complete and current list of all participation agreements with Third Party Payors with respect to the business of Borrowers. Borrowers shall at all times comply in all material respects with all material requirements, contracts, conditions and stipulations applicable to Borrowers in order to maintain in good standing and without material default or limitation all such participation agreements.

Appears in 1 contract

Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)

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