CON Application definition
Examples of CON Application in a sentence
Manager and Owner represent and warrant, each to the other, that this Agreement has been duly authorized by its respective Board of Directors and, if required by law, shareholders; and that this Agreement constitutes a valid and enforceable obligation of Manager and Owner in accordance with its terms upon approval by OSDH of the CON Application for Exemption for a Licensed Nursing Facility Management Agreement.
To the Knowledge of Purchaser, there is no reason why Purchaser’s officers and directors should fail to obtain character and competency approval by DoH in connection with DoH’s review of the CON Application.
Without limiting the generality of the foregoing, Purchaser shall take such actions as may be reasonably necessary to cure any character or competency objection that DoH may raise to the CON Application, including removing or replacing any officer or director that fails to obtain character and competency approval from DoH.
The proposed surgery center is anticipated to be a joint venture with community physicians at some point in the future.” (Pg. 4, CON Application Project No. 2023-018).
Manager and Operators represent and warrant, each to the other, that this Agreement has been duly authorized by its respective Board of Directors and, if required by law, shareholders; and that this Agreement constitutes a valid and enforceable obligation of Manager and Operators in accordance with its terms upon approval by OSDH of the CON Application for Exemption for a Licensed Nursing Facility Management Agreement.
Seller and Buyer are desirous of taking such other and further action as may be reasonably necessary to protect their respective interests until such time as Buyer receives approval by the PHC of its CON Application.
To Purchaser’s Knowledge, no fact exists that would cause DoH to recommend disapproval of its CON Application on the basis of character, competency or financial feasibility.
In addition, Purchaser shall provide SVCMC with notice as promptly as practicable of its receipt of DoH’s approval, contingent approval or a rejection of the CON Application, along with a copy of any documentation related thereto.
Between the date hereof and the Closing Date, if any regulatory entity shall commence any examination, review, investigation, action, suit or proceeding against Seller or Buyer with respect to this Agreement, the CON Application, the Center and/or the Medical Assets, such party shall give prompt notice thereof to the other and shall keep the other informed as to the status thereof.
On the Date hereof, Purchaser shall, and shall cause the New Operator, at its sole expense, to file their CON Application (including all fees, forms, notices, consents and other supporting documentation required under such application) with the Illinois Department of Public Health.