Reimbursement Contracts. Borrower shall obtain Lender’s written consent prior to entering into or permitting any Affiliate to enter into any Reimbursement Contract, or prior to becoming an assignee of, or otherwise becoming entitled to receive proceeds under, any such Reimbursement Contract. As a condition to giving its prior written consent, which may be given or withheld in Lender’s sole discretion, Borrower agrees that Lender may require, in its sole discretion, that (i) the Reimbursement Contract and the proceeds therefrom or related thereto be assigned to Lender pursuant to an Assignment of Contract Rights or other assignment form satisfactory to Lender in form and substance and filed of record, and/or (ii) the proceeds therefrom or related thereto be paid to Lender, which shall be applied by Lender to reduce Borrower’s obligations owed to Lender under this Agreement and the other Loan Documents, until all such obligations have been paid in full. Notwithstanding anything else to the contrary contained herein or in any other Loan Document, in no event shall any Reimbursement Contract require or result in a subordination of Lender’s Lien against the Collateral. Borrower agrees to, and agrees to cause its Affiliates to, execute, enter into and deliver to Lender an Assignment of Contract Rights or any additional agreements or assignments that Lender may request in order to facilitate the obligations of Borrower under this Section. If despite an assignment to Lender, Borrower receives any reimbursement or other proceeds resulting from a Reimbursement Contract, then Borrower agrees to immediately pay over to Lender the full amount of such proceeds, which shall be applied by Lender to reduce Borrower’s obligations owed to Lender under this Agreement and the other Loan Documents, until all such obligations have been paid in full. Borrower shall not amend, modify, or supplement any Reimbursement Contract or permit or consent to any such amendment, modification or supplement without Lender’s prior written consent, which may be given or withheld in Lender’s sole discretion.
Reimbursement Contracts. On the Effective Date, there are no Reimbursement Contracts in effect between any District and Borrower except as assigned to Lender in the Assignment of Contract Rights.
Reimbursement Contracts. On the Effective Date, there are no Reimbursement Contracts in effect between any District and Borrower, other than the Water Reimbursement Contract.
Reimbursement Contracts. To the extent permitted by law, all rights to third-party reimbursement contracts for the Facilities which are now or hereafter in effect with respect to residents or patients qualifying for coverage under the same, including Medicare and Medicaid, managed care plans and private insurance agreements, and any successor program or other similar reimbursement program and/or private insurance agreements, now or hereafter existing; and
Reimbursement Contracts. All Reimbursement Contracts applicable to any Borrower Party or any Property are in good standing with all applicable Governmental Authorities, Regulatory Permits, Medicare Certifications and/or Medicaid Certifications. Each Borrower Party is current in the payment of all so-called provider specific taxes, bed taxes or other assessments with respect to any Reimbursement Contracts.
Reimbursement Contracts. There is no action pending or threatened to terminate (a) any Medicare or Medicaid Reimbursement Contract of any of the Properties or to fail to renew any Medicare or Medicaid Reimbursement Contract, or (b) any material Reimbursement Contract (other than Medicare and Medicaid) or to fail to renew any material Reimbursement Contract (other than Medicare and Medicaid).
Reimbursement Contracts. Lender shall have received and approved copies of all Reimbursement Contracts with respect to each of the Facilities.
Reimbursement Contracts. Neither DHH nor CMS, during the past five (5) years, has refused to enter into or has terminated any participation agreement pursuant to which the Hospitals were entitled to reimbursement for services or facilities provided to patients. LSU is a party to contracts with Medicare and Medicaid with respect to payment for services to beneficiaries and is eligible to participate therein, which contracts and certification are currently in full force and effect, and, to LSU’s Knowledge, no event has occurred which, with or without the giving of notice or passage of time or both, would constitute a material default thereunder. Cost Reports.
Reimbursement Contracts. Maintain in full force and effect all Reimbursement Contracts except where the failure to do so would not have a Material Adverse Effect. (1)
Reimbursement Contracts. CMS has not, during the past five (5) years, refused to enter into or has terminated any participation agreement pursuant to which the Hospital was entitled to reimbursement for services or facilities provided to patients. LSU is a party to contracts with Medicare and Medicaid with respect to payment for services to beneficiaries and is eligible to participate therein, which contracts and certification are currently in full force and effect, and to LSU’s Knowledge no event has occurred which, with or without the giving of notice or passage of time or both, would constitute a material default thereunder.
