DHS Requirements. The Improvements will be ---------------- constructed in accordance with all applicable DHS requirements. Upon completion of the Improvements, the Borrower will operate the Project in accordance with all applicable DHS rules and regulations. Borrower shall promptly notify Lender of any notices or other correspondence received from the DHS or any other governmental entity indicating that the Project is not in compliance with DHS rules and regulations. Borrower shall take all action necessary to maintain its DHS Licenses and shall take prompt action to renew its DHS Licenses each year. Borrower shall provide Lender with copies of all renewal DHS Licenses upon receipt.
Appears in 2 contracts
Sources: Loan Agreement (Grand Court Lifestyles Inc), Loan Agreement (Grand Court Lifestyles Inc)