Healthcare Assets definition

Healthcare Assets means (i) any and all licenses, permits and/or approvals issued by any governmental authority with respect to the use or operation of the Healthcare Facility as [an assisted living or a nursing home], (ii) any and all Medicare and Medicaid provider agreements and (iii) any and all "Government Accounts" (as defined below) and "Government Payments" (as defined below).

Healthcare Assets means (i) any and all licenses, permits and/or approvals issued by any governmental authority with respect to the use or operation of the Healthcare Facility for the Approved Use (as that term is defined in the Master Tenant Regulatory Agreement), (ii) any and all Medicare and Medicaid or other governmental insurance provider agreements (the “Provider Agreements”), and (iii) any and all “Government Receivables Accounts” (as defined below) and “Government Payments” (as defined below). This Agreement is junior in priority to each of the following documents (collectively, the "First Mortgage Documents"): (i) ____________________________ [Insert Title of First Security Instrument] from the Borrower in favor of _______________________ (in such capacity, together with its successors and assigns, the “First Lender”) dated (the "First Security Instrument"); (ii) ________________________________ [Insert Title of Borrower Regulatory Agreement] between the Borrower and HUD dated __________ (the “First Borrower Regulatory Agreement”); [and] (iii) [list Operator and Master Tenant Regulatory Agreements related to First Security Instrument, if applicable] [and (iv) add separate security agreements and assignments of leases and rents, as applicable]. The First Security Instrument secures a certain _____________________ [Insert Title of First Note], dated______________ from Borrower to First Lender, in the original principal amount of $____________ (the “First Note”) given in connection with a first mortgage loan (the “First Loan”) made by First Lender to Borrower.

Healthcare Assets the retail properties and other assets (together with any related liabilities) distributed to Healthcare pursuant to the Distribution Agreement.

Examples of Healthcare Assets in a sentence

• Subject to the terms of this Agreement, and subject to any restrictions in applicable law with respect to the Healthcare Assets, Operator hereby constitutes and appoints Lender as its true and lawful attorney in fact to assign and transfer its interest in any or all of the Collateral if an Event of Default occurs.

• Subject to the terms of this Agreement, and subject to any restrictions in applicable law with respect to the Healthcare Assets, the Master Tenant hereby constitutes and appoints the Secured Party as its true and lawful attorney in fact to assign and transfer its interest in any or all of the Collateral if an Event of Default occurs.

• To secure the full, prompt and complete payment and performance of all of the Obligations, Operator hereby, to the fullest extent permitted by applicable law with respect to the Healthcare Assets, grants to, and creates in favor of, Xxxxxx a continuing security interest in all of Operator’s right, title and interest in and to the property described on Exhibit B, attached hereto and incorporated herein by reference (the “Collateral”).

• Healthcare shall indemnify and hold harmless LTC against any and all Income and Other Taxes specifically attributable to the Healthcare Assets for all taxable years and periods.

• To secure the full, prompt and complete payment and performance of all of the Obligations, Operator hereby, to the fullest extent permitted by applicable law with respect to the Healthcare Assets, grants to, and creates in favor of, Secured Party a continuing security interest in all of Operator’s right, title and interest in and to the property described on Exhibit B, attached hereto and incorporated herein by reference (the “Collateral”).

More Definitions of Healthcare Assets

Healthcare Assets means:

Healthcare Assets as of any date as of which the amount thereof is to be determined, the aggregate amount equal to the sum of:

Healthcare Assets means (i) any and all licenses, permits and/or approvals issued by any governmental authority with respect to the use or operation of the Healthcare Facility for the Approved Use (as that term is defined in the Operator Regulatory Agreement), (ii) any and all Medicare, Medicaid or other governmental insurance provider agreements (“Provider Agreements”)and (iii) any and all healthcare insurance receivables including but not limited to private patient receivables, all “Government Receivables Accounts” (as defined below) and “Government Payments” (as defined below).

Healthcare Assets shall have the meaning set forth in Section 2.01(b) hereof.

Healthcare Assets shall consist of the assets transferred to Healthcare by LTC pursuant to this Section 2.01.

Healthcare Assets has the meaning set forth in the Separation and Distribution Agreement.

Healthcare Assets means as of any date as of which the amount thereof is to be determined, the aggregate amount equal to the sum of: