Common use of Other Agreements/Program Eligibility Clause in Contracts

Other Agreements/Program Eligibility. Neither the Borrower ------------------------------------ nor any of its Subsidiaries, and to the knowledge of the Borrower's officers, no Practice or Provider, is in default in the performance, observance or fulfillment of any obligation, covenant or condition contained in or applicable with respect to any Medicaid Provider Agreement, Medicare Provider Agreement, other agreement or instrument to which the Borrower, a Subsidiary, Practice or Provider is a party with a third party payor, or participation in medicare, medicaid or a third party payor program in which the Borrower, a Subsidiary, Practice or Provider participates, which default, if not remedied within any applicable grace period, reasonably would be expected to (i) result in the revocation, termination, cancellation, suspension or non-renewal of Medicaid Certification, Medicare Certification, any similar certification of a material third party payor, if any, a Medicare Provider Agreement, Medicaid Provider Agreement or agreement with a third party payor, or eligibility to participate, directly or indirectly, in medicare, medicaid or material third party payor programs, or (ii) have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Novamed Eyecare Inc), Credit Agreement (Novamed Eyecare Inc)

Other Agreements/Program Eligibility. Neither the Borrower ------------------------------------ nor any of its Subsidiaries, Subsidiaries (and to the knowledge of the Borrower's officers, no Practice or Provider, Minority ASC Entity) is in default in the performance, observance or fulfillment of any obligation, covenant or condition contained in or applicable with respect to any Medicaid Provider Agreement, Medicare Provider Agreement, other agreement or instrument to which the Borrower, Borrower or a Subsidiary, Practice or Provider Subsidiary is a party with a third party payor, or participation in medicare, medicaid Medicaid or a third party payor program in which the Borrower, Borrower or a Subsidiary, Practice or Provider Subsidiary participates, which default, if not remedied within any applicable grace period, reasonably would be expected to (i) result in the revocation, termination, cancellation, suspension or non-renewal of Medicaid Certification, Medicare Certification, any similar certification of a material third party payor, if any, a Medicare Provider Agreement, Medicaid Provider Agreement or agreement with a third party payor, or eligibility to participate, directly or indirectly, in medicare, medicaid Medicaid or material third party payor programs, or (ii) have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Novamed Eyecare Inc)