Examples of Operator Regulatory Agreement in a sentence
Therefore, pursuant to Program Obligations and the terms of the Master Tenant Regulatory Agreement, upon any event of default of the Master Tenant Regulatory Agreement or any event of default of any Operator Regulatory Agreement relating to any Healthcare Facility, upon the completion of any applicable notice and cure periods, Landlords shall immediately upon written request from HUD terminate this Master Lease without any penalty to Landlords.
At the time of the closing of each Loan, the Master Tenant agrees to execute a Master Tenant Regulatory Agreement and a Master Tenant Security Agreement, and to cause each Operator to execute the applicable Operator Regulatory Agreement and the applicable Operator Security Agreement, and other applicable documents evidencing the Lender’s security interest in the collateral of the Master Tenant and each Operator.
Operator shall operate the Healthcare Facility in accordance with, and in all other ways comply with, the Operator Regulatory Agreement and Program Obligations.
Furthermore, Xxxxxx agrees that so long as the Operator is not in violation of the Operator Regulatory Agreement, to the extent Operator has (i) funded Escrowed Funds, tax and/or insurance impounds, and (ii) provided written notice and evidence satisfactory to Lender that it has funded and is funding such amounts as required.
In addition, and without limiting the generality of the foregoing, Operator shall deliver to Lender copies of all reports, financial statements and other information which Operator is obligated to provide to HUD pursuant to the Operator Regulatory Agreement or otherwise pursuant to the Loan Documents or Program Obligations.
For purposes of this Section 20, where Borrower is also Operator, and without limiting the requirements for Operator’s submission of financial reports to HUD under the Operator Regulatory Agreement, financial activities of Borrower and the Project shall include all of the activities of both Borrower and Operator.
Any such Management Agreement shall contain a provision that, in the event HUD issues any notice of violation or default under this Agreement, the Operator Regulatory Agreement, or the Borrower Regulatory Agreement, the Management Agreement(s) shall be subject to termination without penalty upon written request of HUD.
Remember that detection must be registered for paucibacillarry and multibacillary cases (in adults and children), information that is also necessary to establish MDT drug requirements.
Landlords and Master Tenant acknowledge that any proposed assignee or sublessee will be required to execute, as applicable, a Master Tenant Regulatory Agreement or Operator Regulatory Agreement and a Master Tenant Security Agreement or Operator Security Agreement, each in form and substance satisfactory to HUD, as a prerequisite to any such approval.
Contractor shall identify in writing and obtain written Authority approval for any Contractor Property that will be included in or will be necessary for the use of any Authority Work Product.