Required Licenses definition

Required Licenses the meaning given in Section 3.4.

Required Licenses is defined in Section 2.17 (a).

Required Licenses has the meaning set forth in Section 4(m)(ii).

Examples of Required Licenses in a sentence

• As soon as Borrower learns that any petition, action, investigation, notice of violation or apparent liability, notice of forfeiture, order to show cause, complaint or proceeding is pending, or, to the best of Borrower’s knowledge, threatened, to seek to revoke, cancel, suspend, modify, or limit any of the Required Licenses, prompt written notice thereof and Borrower shall contest any such action in a Good Faith Contest.

• Borrower shall duly and lawfully obtain and maintain in full force and effect, and shall cause its Subsidiaries to obtain and maintain in full force and effect, all Required Licenses and Intellectual Property as appropriate for the business being conducted and properties owned by Borrower or such Subsidiaries at any given time.

• Borrower shall duly and lawfully obtain and maintain in full force and effect, and shall cause its Subsidiaries to obtain and maintain in full force and effect, all Required Licenses as appropriate for the business being conducted and properties owned by Borrower or such Subsidiaries at any given time except where the failure to obtain or maintain such Required Licenses could not reasonably be expected to result in a Material Adverse Effect.

• Special Contract Requirements – Required Licenses or Certifications.

• As soon as Borrower learns that any petition, action, investigation, notice of violation or apparent liability, notice of forfeiture, order to show cause, complaint or proceeding is pending, or, to the best of Borrower's knowledge, threatened, to seek to revoke, cancel, suspend, modify, or limit any of the Required Licenses, prompt written notice thereof and Borrower shall contest any such action in a Good Faith Contest.

More Definitions of Required Licenses

Required Licenses means with respect to any Site, as of any date, all licenses, permits and rights reasonably necessary for the commercial operation of such Site, as it is constituted on such date in accordance with the terms of the Lease, by an operator other than the Lessee or its Affiliates.

Required Licenses. Section 3.10. "SEC" -- Section 4.4(a). "Start Date" -- Section 8.4(a). "Transitioned Employee" -- Section 8.4(a).

Required Licenses has the meaning set forth in Section 18.1.

Required Licenses all material licenses, permits, consents, authorizations, approvals, registrations and certificates (including certificates of need) required to be issued by or from all applicable Governmental Authorities to continue to operate or manage the Properties as currently operated after giving effect to the Restructuring Transactions (including as an assisted living facility, skilled nursing facility, personal care home or other senior living facility).

Required Licenses means, collectively, the number and types of Licenses, as set forth in the Purchase Agreement, which must be purchased by you during each License Term. Required Licenses may include one or a combination of the following types of licenses: System Licenses, User Licenses, Activity Licenses or other licensing unit of measure that is mutually agreed upon in the Purchase Agreement.

Required Licenses. (as such terms are defined in Section 1.2 of the Assumption Reinsurance Agreement) have been obtained by AHIC, or (ii) December 31, 1998. In the event of termination, reinsurance coverage shall remain in force and Reinsurer shall remain liable to Company for all losses, including losses with a date of loss after the date of termination of this Agreement, on all Subject Policies in force at the date of termination until their natural expiration plus odd time and/or any run-off provision or any extended reporting period option or any discovery period contained in the subject original policies. However, should any of the Subject Policies to which this Agreement applies be extended, continued or renewed due to regulatory, or other legal restrictions, this Agreement shall automatically continue to provide reinsurance coverage until that Business Covered is actually terminated by Company. Alternatively, if mutually agreed between Company and Reinsurer, coverage under this Agreement may be terminated by "cut-off" as respects Business Covered in force as of the date of termination and in that event Reinsurer shall not be responsible to Company for losses or any portion thereof with a date of loss on or after the termination date and Reinsurer will return, within thirty (30) days of Company's notice, the unearned reinsurance premium reserve in respect of the Business Covered in U. S. currency in that amount net of any applicable ceding commission thereon. In the event this clause is applicable and a loss covered under this Agreement has commenced, the entire loss covered under the policy to which this Agreement originally attached shall be covered under this Agreement regardless of the number of dates of loss that may be involved with that occurrence/accident resulting in said loss; provided however, that notwithstanding the foregoing provisions of this Article IV, as to any policy assumed by AHIC pursuant to the Assumption Reinsurance Agreement, this reinsurance shall automatically terminate on a cut-off basis and all SAP reserves with respect to such policy (the "Assumed Policy SPA Reserve") shall be paid to Company by Reinsurer.

Required Licenses means all licenses and permits, including without limitation, certificates of need or the equivalent, that are required under applicable Governmental Requirements to be obtained and maintained by any Credit Party or Affiliated Practice Entity in order to provide Healthcare Services.