Common use of Operations; Financial Condition Clause in Contracts

Operations; Financial Condition. No action or investigation is pending or, to the best of Borrower's knowledge, threatened before or by any court or administrative agency which might result in any material adverse change in the financial condition, operations or prospects of Borrower or any lower reimbursement rate under any Reimbursement Contracts. Borrower is not in violation of any agreement, order, judgment, or decree of any court, or any statute or governmental regulation to which it is subject, the violation of which might reasonably be expected to have a materially adverse effect on Borrower's business, financial condition or prospects.

Appears in 3 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (CNL Retirement Properties Inc), Loan Agreement (American Retirement Corp)

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Operations; Financial Condition. No action or investigation is pending or, to the best of Borrower's ’s knowledge, threatened before or by any court or administrative agency which might result in any material adverse change in the financial condition, operations or prospects of Borrower or any lower reimbursement rate under any Reimbursement Contracts. Borrower is not in violation of any agreement, order, judgment, or decree of any court, or any statute or governmental regulation to which it is subject, the violation of which might reasonably be expected to have a materially adverse effect on Borrower's ’s business, financial condition or prospects.

Appears in 2 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)

Operations; Financial Condition. No action or investigation is pending or, to the best of Borrower's knowledge, or threatened before or by any court or administrative agency which might result in any material adverse change in the financial condition, operations or prospects of any Borrower or any lower reimbursement rate under any the Reimbursement Contracts. Neither Borrower is not in violation of any agreement, the violation of which might reasonably be expected to have a Material Adverse Effect on its business or assets, and neither Borrower is in violation of any order, judgment, or decree of any court, or any statute or governmental regulation to which it is subject, the violation of which might reasonably be expected to have a materially adverse effect on Borrower's business, financial condition or prospects.

Appears in 2 contracts

Samples: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc)

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Operations; Financial Condition. No action or investigation is pending or, to the best of Borrower's knowledge, threatened before or by any court or administrative agency which might result in any material adverse change in the financial condition, operations or prospects of Borrower or any lower reimbursement rate under any the Reimbursement Contracts. Borrower is not in violation of any agreement, order, judgment, or decree of any court, or any statute or governmental regulation to which it is subject, the violation of which might reasonably be expected to have a materially adverse effect on Borrower's business, financial condition or prospects.

Appears in 1 contract

Samples: Loan Agreement (American Retirement Corp)

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