Healthcare Assets definition

Healthcare Assets means (i) any and all licenses, permits and/or approvals issued by any governmental authority with respect to the use or operation of the Healthcare Facility as [an assisted living or a nursing home], (ii) any and all Medicare and Medicaid provider agreements and (iii) any and all "Government Accounts" (as defined below) and "Government Payments" (as defined below).

Healthcare Assets means (i) any and all licenses, permits and/or approvals issued by any governmental authority with respect to the use or operation of the Healthcare Facility for the Approved Use (as that term is defined in the Master Tenant Regulatory Agreement), (ii) any and all Medicare and Medicaid or other governmental insurance provider agreements (the “Provider Agreements”), and (iii) any and all “Government Receivables Accounts” (as defined below) and “Government Payments” (as defined below). This Agreement is junior in priority to each of the following documents (collectively, the "First Mortgage Documents"): (i) ____________________________ [Insert Title of First Security Instrument] from the Borrower in favor of _______________________ (in such capacity, together with its successors and assigns, the “First Lender”) dated (the "First Security Instrument"); (ii) ________________________________ [Insert Title of Borrower Regulatory Agreement] between the Borrower and HUD dated __________ (the “First Borrower Regulatory Agreement”); [and] (iii) [list Operator and Master Tenant Regulatory Agreements related to First Security Instrument, if applicable] [and (iv) add separate security agreements and assignments of leases and rents, as applicable]. The First Security Instrument secures a certain _____________________ [Insert Title of First Note], dated______________ from Borrower to First Lender, in the original principal amount of $____________ (the “First Note”) given in connection with a first mortgage loan (the “First Loan”) made by First Lender to Borrower.

Healthcare Assets the retail properties and other assets (together with any related liabilities) distributed to Healthcare pursuant to the Distribution Agreement.

Examples of Healthcare Assets in a sentence

• Subject to the terms of this Agreement, and subject to any restrictions in applicable law with respect to the Healthcare Assets, Operator hereby constitutes and appoints Lender as its true and lawful attorney in fact to assign and transfer its interest in any or all of the Collateral if an Event of Default occurs.

• Subject to the terms of this Agreement, and subject to any restrictions in applicable law with respect to the Healthcare Assets, the Master Tenant hereby constitutes and appoints the Secured Party as its true and lawful attorney in fact to assign and transfer its interest in any or all of the Collateral if an Event of Default occurs.

• To secure the full, prompt and complete payment and performance of all of the Obligations, Operator hereby, to the fullest extent permitted by applicable law with respect to the Healthcare Assets, grants to, and creates in favor of, Xxxxxx a continuing security interest in all of Operator’s right, title and interest in and to the property described on Exhibit B, attached hereto and incorporated herein by reference (the “Collateral”).

• Healthcare shall indemnify and hold harmless LTC against any and all Income and Other Taxes specifically attributable to the Healthcare Assets for all taxable years and periods.

• With regard to the Healthcare Assets as respects products liability, nothing in this Agreement is intend to provide coverage for alleged wrongful acts, occurrences, events, claims, suits, actions, proceedings, injuries, losses, liabilities, damages and expenses which occurred or are alleged to have occurred, in whole or in part, prior to the Healthcare Distribution Date and are covered under a Claims Made Policy Form, that were not reported to Tyco prior to the Healthcare Distribution Date.

More Definitions of Healthcare Assets

Healthcare Assets as of any date as of which the amount thereof is to be determined, the aggregate amount equal to the sum of:

Healthcare Assets means (i) any and all licenses, permits and/or approvals issued by any governmental authority with respect to the use or operation of the Healthcare Facility for the Approved Use (as that term is defined in the Operator Regulatory Agreement), (ii) any and all Medicare, Medicaid or other governmental insurance provider agreements (“Provider Agreements”)and (iii) any and all healthcare insurance receivables including but not limited to private patient receivables, all “Government Receivables Accounts” (as defined below) and “Government Payments” (as defined below).

Healthcare Assets means: (i) the ownership interests in those Business Entities that are included in the definition of Healthcare Group, including those Business Entities set forth on Schedule 1.1(113) in the definition of Healthcare Group and any Business Entities previously engaged in the Tyco Plastics and Adhesives business or the A&E Products business; (ii) all Healthcare Contracts, any rights or claims arising thereunder, and any other rights or claims or contingent rights or claims primarily relating to or arising from any Healthcare Asset or the Healthcare Business; (iii) any and all Assets reflected on the Healthcare Balance Sheet or the accounting records supporting such balance sheet and any Assets acquired by or for Healthcare or any member of the Healthcare Group subsequent to the date of such balance sheet which, had they been so acquired on or before such date and owned as of such date, would have been reflected on such balance sheet if prepared on a consistent basis, subject to any dispositions of any of such Assets subsequent to the date of such balance sheet; (iv) subject to Article XI, any rights of any member of the Healthcare Group under any Policies, including any rights thereunder arising after the Distribution Date in respect of any Policies that are occurrence policies; (v) any and all Assets owned or held immediately prior to the Relevant Time by Tyco or any of its Subsidiaries (including, prior to their applicable Distribution Date, Electronics or any of their respective Subsidiaries) primarily relating to or used in the Healthcare Business. The intention of this clause (v) is only to rectify any inadvertent omission of Transfer of any Asset that, had the Parties given specific consideration to such Asset as of the date hereof, would have otherwise been classified as a Healthcare Asset. No Asset shall be deemed a Healthcare Asset solely as a result of this clause (v) unless a claim with respect thereto is made by Healthcare within the applicable time period(s) established by Section 2.6(d); (vi) the Assets set forth on Schedule 1.1(97)(vi) and any and all Assets that are expressly contemplated by this Agreement or any Ancillary Agreement as Assets which have been or are to be Transferred to Healthcare or any other member of the Healthcare Group; (vii) any and all furnishings and office equipment located at a physical site of which the ownership or leasehold interest is being Transferred to Healthcare; provided, that personal computers shall be Tran...

Healthcare Assets shall have the meaning set forth in Section 2.01(b) hereof.

Healthcare Assets shall consist of the assets transferred to Healthcare by LTC pursuant to this Section 2.01.

Healthcare Assets has the meaning set forth in the Separation and Distribution Agreement.

Healthcare Assets means as of any date as of which the amount thereof is to be determined, the aggregate amount equal to the sum of: