Common use of Healthcare Operations Clause in Contracts

Healthcare Operations. (a) Each Healthcare Borrower shall maintain in full force and effect all Healthcare Authorizations necessary under Healthcare Laws (A) to carry on the business of such Borrower as it is conducted on the Closing Date, and (B) if such Borrower receives or has applied for reimbursements under any Government Reimbursement Program as part of its business, to continue to receive reimbursement thereunder (except for temporary periods of denial of immaterial payments) in substantial compliance with all requirements for participation in, and for the licensure required to provide the services that are reimbursable under, any Government Reimbursement Program, except, in each case, where failure to do so could not reasonably be expected to have a Material Adverse Effect. (b) If any business of any Borrower is currently accredited by the Joint Commission or other accreditation agency, body or organization, each such Borrower shall (i) maintain such accreditation in good standing and without material limitation or impairment, (ii) timely submit to the Joint Commission or such other accreditation agency, body or organization a plan of correction for any deficiencies listed on any Joint Commission or such other accreditation agency, body or organization accreditation survey report, and (iii) cure all such deficiencies within such time frame as is necessary to preserve and maintain in good standing and without material limitation or impairment such Joint Commission or such other accreditation agency, body or organization accreditation, except, in each case, where failure to do so could not reasonably be expected to have a Material Adverse Effect; provided, however, this section shall not prevent any Borrower from terminating its accreditation by the Joint Commission or such other accreditation agency, body or organization and obtaining accreditation by another healthcare accreditation agency to the extent such accreditation entity complies with the requirements of all Government Reimbursement Programs and other Third Party Payor programs.

Appears in 5 contracts

Sources: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)

Healthcare Operations. (a) Each Healthcare Borrower shall maintain in full force and effect all Healthcare Authorizations necessary under Healthcare Laws (A) to carry on the business of such Borrower as it is conducted on the Closing Date, and (B) if such Borrower receives or has applied for reimbursements under any Government Reimbursement Program as part of its business, to continue to receive reimbursement thereunder (except for temporary periods of denial of immaterial payments) in substantial compliance with all requirements for participation in, and for the licensure required to provide the services that are reimbursable under, any Government Reimbursement Program, except, in each case, where failure to do so could not reasonably be expected to have a Material Adverse Effect. (b) If any business of any Borrower is currently accredited by the Joint Commission or other accreditation agency, body or organization, each such Borrower shall (i) maintain such accreditation in good standing and without material limitation or impairment, (ii) timely submit to the Joint Commission or such other accreditation agency, body or organization a plan of correction for any deficiencies listed on any Joint Commission or such other accreditation agency, body or organization accreditation survey report, and (iii) cure all such deficiencies within [PHI Group] Revolving Credit, Term Loan and Security Agreement such time frame as is necessary to preserve and maintain in good standing and without material limitation or impairment such Joint Commission or such other accreditation agency, body or organization accreditation, except, in each case, where failure to do so could not reasonably be expected to have a Material Adverse Effect; provided, however, this section shall not prevent any Borrower from terminating its accreditation by the Joint Commission or such other accreditation agency, body or organization and obtaining accreditation by another healthcare accreditation agency to the extent such accreditation entity complies with the requirements of all Government Reimbursement Programs and other Third Party Payor programs.

Appears in 2 contracts

Sources: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)

Healthcare Operations. (a) Each Healthcare Borrower shall maintain Maintain in full force and effect effect, and free from restrictions, probations, conditions or known conflicts which would materially impair the use or operation of any Healthcare Facility for its current use, all Healthcare Authorizations necessary under applicable Healthcare Laws (A) to carry on the business Healthcare Services furnished by the Borrower or any of such Borrower its Subsidiaries as it is conducted they are furnished on the Closing Date, and (B) if such the Borrower or any of its Subsidiaries receives or has applied for reimbursements under any Government Reimbursement Program as part of its business, to continue to receive reimbursement thereunder (except for temporary periods of denial of immaterial payments) in substantial compliance with all requirements for participation in, and for the licensure required to provide the services that are reimbursable under, any in such Government Reimbursement ProgramPrograms, except, except for such requirements which individually or in each case, where failure to do so the aggregate could not reasonably be expected to have a Material Adverse Effect. (b) Cause all Healthcare Authorizations and any other material agreements necessary for the use or operation of the Healthcare Facilities to remain in full force and effect. (c) Maintain a CCP which addresses the material requirements of applicable Healthcare Laws. Borrower will, and will use commercially reasonable efforts to cause each of its Subsidiaries to, modify such CCPs from time to time, as may be reasonably necessary to maintain material compliance with all applicable Healthcare Laws, except to the extent that the failure to modify such CCPs, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. (d) If any business of any Borrower Healthcare Facility is currently accredited by the Joint Commission or other accreditation agencyCommission, body or organization, each such Borrower shall use reasonable efforts to (i) maintain such accreditation in good standing and without material limitation or impairment, (ii) timely submit to the Joint Commission or such other accreditation agency, body or organization a plan of correction for any deficiencies listed on any Joint Commission or such other accreditation agency, body or organization accreditation survey report, and (iii) cure all such deficiencies within such time frame as is necessary to preserve and maintain in good standing and without material limitation or impairment such Joint Commission or such other accreditation agency, body or organization accreditation, except, in each case, where failure to do so could not reasonably be expected to have a Material Adverse Effect; provided, however, this section shall not prevent any Borrower from terminating its accreditation by the Joint Commission or such other accreditation agency, body or organization and obtaining accreditation by another healthcare accreditation agency to the extent such accreditation entity complies with the requirements of all Government Reimbursement Programs and other Third Party Payor programs.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Quorum Health Corp)