Common use of Healthcare Laws and Covenants Clause in Contracts

Healthcare Laws and Covenants. (a) Without limiting the generality of any other provision of this Agreement, Borrower and each PoolUnencumbered Property Owner, and their employees and contractors (other than contracted agencies) in the exercise of their duties on behalf of Borrower or PoolUnencumbered Property Owners (with respect to its operation of the PoolUnencumbered Properties), shall be in compliance in all material respects with all applicable Healthcare Laws and accreditation standards and requirements of the applicable state department of health or other applicable state regulatory agency (each a “State Regulator”), in each case, as are now in effect and which may be imposed upon Borrower, a Poolan Unencumbered Property Owner or an Operator or the maintenance, use or operation of the PoolUnencumbered Properties or the provision of services to the occupants of the PoolUnencumbered Properties. Borrower and each PoolUnencumbered Property Owner have maintained and shall continue to maintain in all material respects all records required to be maintained by any Governmental Authority or otherwise under the Healthcare Laws. Borrower and PoolUnencumbered Property Owners and Operators have and will maintain all Primary Licenses, Permits and other Governmental Approvals necessary under applicable laws to own and/or operate the PoolUnencumbered Properties, as applicable (including such Governmental Approvals as are required under such Healthcare Laws).

Appears in 3 contracts

Samples: Term Loan Agreement (Sila Realty Trust, Inc.), Revolving Credit Agreement (Sila Realty Trust, Inc.), Term Loan Agreement (Sila Realty Trust, Inc.)

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Healthcare Laws and Covenants. (a) Without limiting the generality of any other provision of this Agreement, the Borrower and each PoolUnencumbered Property OwnerSubsidiary Guarantor, and their employees and contractors (other than contracted agencies) in the exercise of their duties on behalf of the Borrower or PoolUnencumbered Property Owners the Subsidiary Guarantors (with respect to its operation of the PoolUnencumbered Borrowing Base Properties), shall be in compliance in all material respects with all applicable Healthcare Laws and accreditation and registration standards and requirements of the applicable state department of health or other applicable state regulatory agency (each each, a “State Regulator”), in each case, as are now in effect and which may be imposed upon the Borrower, a Poolan Unencumbered Property Owner or an any Subsidiary Guarantor, any Operator affiliated with Borrower, or the maintenance, use or operation of the PoolUnencumbered Borrowing Base Properties or the provision of services to the occupants of the PoolUnencumbered Borrowing Base Properties. The Borrower and each PoolUnencumbered Property Owner Subsidiary Guarantor have maintained and shall continue to maintain in all material respects all records required to be maintained by any Governmental Authority or Third Party Payor Program or otherwise under the Healthcare Laws and there are no presently existing circumstances which would result or likely would result in material violations of the Healthcare Laws. Borrower and PoolUnencumbered Property Owners The Borrower, the Subsidiary Guarantors and Operators have and will maintain all Primary Licenses, Licenses and Permits and other Governmental Approvals necessary under applicable laws Applicable Laws to own and/or operate the PoolUnencumbered Borrowing Base Properties, as applicable (including such Governmental Approvals Primary Licenses and Permits as are required under such Healthcare Laws).

Appears in 2 contracts

Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)

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Healthcare Laws and Covenants. (a) Without limiting the generality of any other provision of this Agreement, Borrower and each PoolUnencumbered Unencumbered Property Owner, and their employees and contractors (other than contracted agencies) in the exercise of their duties on behalf of Borrower or PoolUnencumbered Unencumbered Property Owners (with respect to its operation of the PoolUnencumbered Unencumbered Properties), shall be in compliance in all material respects with all applicable Healthcare Laws and accreditation standards and requirements of the applicable state department of health or other applicable state regulatory agency (each a “State Regulator”), in each case, as are now in effect and which may be imposed upon Borrower, a Poolan an Unencumbered Property Owner or an Operator or the maintenance, use or operation of the PoolUnencumbered Unencumbered Properties or the provision of services to the occupants of the PoolUnencumbered Unencumbered Properties. Borrower and each PoolUnencumbered Unencumbered Property Owner have maintained and shall continue to maintain in all material respects all records required to be maintained by any Governmental Authority or otherwise under the Healthcare Laws. Borrower and PoolUnencumbered Unencumbered Property Owners and Operators have and will maintain all Primary Licenses, Permits and other Governmental Approvals necessary under applicable laws to own and/or operate the PoolUnencumbered Unencumbered Properties, as applicable (including such Governmental Approvals as are required under such Healthcare Laws).

Appears in 1 contract

Samples: Term Loan Agreement (Sila Realty Trust, Inc.)

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