Common use of Loss of Licenses Clause in Contracts

Loss of Licenses. Any HMO Regulator or any other Governmental Authority revokes or fails to renew any material license, permit or franchise of the Company or any Subsidiary, or the Company or any Subsidiary for any reason loses any material license, permit or franchise, or the Company or any Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; or

Appears in 2 contracts

Samples: Credit Agreement (Sierra Health Services Inc), Credit Agreement (Foundation Health Systems Inc)

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Loss of Licenses. Any HMO Regulator or any other Governmental Authority revokes or fails to renew any material license, permit or franchise of the Company Guarantor or any Subsidiary, or the Company Guarantor or any Subsidiary for any reason loses any material license, permit or franchise, or the Company Guarantor or any Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; or

Appears in 1 contract

Samples: Guaranty Agreement (Foundation Health Systems Inc)

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Loss of Licenses. Any HMO Regulator or any other Governmental Authority revokes or fails to renew any material license, permit or franchise of the Company Borrower or any Subsidiary, or the Company Borrower or any Subsidiary for any reason loses any material license, permit or franchise, or the Company Borrower or any Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; or

Appears in 1 contract

Samples: Credit Agreement (Sierra Health Services Inc)

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