Common use of Licensing and Accreditation Clause in Contracts

Licensing and Accreditation. The Borrower has, to the extent applicable: (A) obtained (or been duly assigned) and maintains in good standing all required (if any) certificates of need or determinations of need as required by the relevant state Governmental Authority for the acquisition, construction, expansion of, investment in or operation of its businesses as currently operated; (B) obtained and maintains in good standing all required licenses, permits, certificates, approvals and other authorizations (or waivers thereof) required by any Governmental Authority which are necessary to the conduct of its business; (C) to the extent prudent and customary in the industry in which it is engaged, obtained and maintains accreditation from all generally recognized accrediting agencies; (D) obtained and maintains Medicaid Certification and Medicare Certification; and (E) entered into and maintains in good standing its Medicare Provider Agreement and its Medicaid Provider Agreement.