Specific Licensing Clause Samples
The Specific Licensing clause defines the precise permissions granted to a party regarding the use of certain intellectual property or technology. It typically outlines which rights are being licensed, such as the right to use, modify, or distribute a product, and may specify limitations like geographic regions, timeframes, or particular fields of use. By clearly delineating the scope of the license, this clause helps prevent misunderstandings and disputes over what is and is not permitted under the agreement.
Specific Licensing. Each Project is duly licensed under the applicable Laws of the state where such Project is located. The licensed bed or unit capacity of each Project is shown on Schedule 5.19. Borrowers have not granted to any third party the right to reduce the number of licensed beds, persons served or units in any of the health care facilities operated by a Borrower or the right to apply for approval to move any and all of the licensed beds, persons served or units in the Projects to any other location and there are no proceedings or contemplated to reduce the number of licensed beds, persons served or units in the Projects.
Specific Licensing. Each Loan Party is duly licensed under the Applicable Law of each state where such Loan Party conducts business and is required to be licensed to conduct business. Each Loan Party owns, leases or operates a health care business and/or provides health care goods and services and (i) if it maintains Medicare and Medicaid provider status, is the holder of a current and valid provider identification number and such Loan Party has not allowed, permitted, authorized or caused any other Person to use any such provider identification number, and (ii) has obtained all material Permits necessary for any Loan Party to own its assets, to carry on its business, to execute, deliver and perform the Loan Documents, and to receive payments from the payors of its accounts (as defined in the UCC) and, if organized as a not-for-profit entity, has and maintains its status, if any, as an organization exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code.
Specific Licensing. Each Borrower and Healthcare Facility is duly licensed under the Applicable Laws of the states where such Borrower conducts any business and where any Healthcare Facility is located.
Specific Licensing. Each Healthcare Facility is duly licensed under the Applicable Laws of the state where the Healthcare Facility is located. The licensed bed or unit capacity of each Healthcare Facility is shown on Schedule 5.03 hereto. No Borrower has granted to any third party the right to reduce the number of licensed beds or units in the Healthcare Facilities or the right to apply for approval to move any and all of the licensed beds or units in the Healthcare Facilities to any other location and there are no proceedings or contemplated to reduce the number of licensed beds in the Healthcare Facilities.
Specific Licensing. Each Project is duly licensed as a skilled nursing facility under the applicable laws of the state where such Project is located. The licensed bed or unit capacity of each Project as of the Closing Date is shown on Schedule 8.1. No Borrower has granted to any third party the right to reduce the number of licensed beds or units in the Projects or the right to apply for approval to move any and all of the licensed beds, persons permitted to be served or units in the Projects to any other location and there are no proceedings pending or, to the knowledge of Borrowers, threatened to reduce the number of licensed beds, persons permitted to be served or units in the Projects.
Specific Licensing. Each Healthcare Facility is duly licensed to the extent required by the Applicable Laws of the state in which the Healthcare Facility is located to the extent such Healthcare Facility is required to be licensed under such Healthcare Laws.
Specific Licensing. Each Loan Party is duly licensed under the applicable Laws of each state where such Loan Party conducts business and is required to be licensed to conduct business. Each Loan Party owns, leases or operates a health care business and/or provides health care goods and services and (i) if it maintains Medicare and Medicaid provider status, is the holder of the provider identification numbers as identified on Schedule 5.29(b) hereto, all of which are current and valid and such Loan Party has not allowed, permitted, authorized or caused any other Person to use any such provider identification number, and (ii) has obtained all material Permits necessary for any Borrower to own its assets, to carry on its business, to execute, deliver and perform the Loan Documents, and to receive payments from the Payors and, if organized as a not-for-profit entity, has and maintains its status, if any, as an organization exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code. No Loan Party has been notified by any such Governmental Authority or other Person during the immediately preceding twenty-four
Specific Licensing. Each Facility is duly licensed for its Primary Intended Use under the applicable laws of the State. No Loan Party has granted to any third party the right to reduce the number of licensed beds, persons served or units in any Facility or the right to apply for approval to move any and all of the licensed beds, persons served or units in any Facility to any other location and there are no proceedings or contemplated to reduce the number of licensed beds, persons served or units in any Facility.
Specific Licensing. Each Loan Party is duly licensed under the Applicable Law of each state where such Loan Party conducts business and is required to be licensed to conduct business. Each Loan Party owns, leases or operates a health care business and/or provides health care goods and services and (i) if it maintains Medicare and Medicaid provider status, is the holder of the provider identification numbers as identified on Schedule 6.25(b) hereto, all of which are current and valid and such Loan Party has not allowed, permitted, authorized or caused any other Person to use any such provider identification number, and (ii) has obtained all material Permits necessary for any Loan Party to own its assets, to carry on its business, to execute, deliver and perform the Loan Documents, and to receive payments from the payors of its accounts (as defined in the UCC) and, if organized as a not-for-profit entity, has and maintains its status, if any, as an organization exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code. No Loan Party has been notified by any such Governmental Authority or other Person during the immediately preceding twenty-four (24) month period that such party has rescinded, limited or not renewed, or intends to rescind, limit or not renew, any such license or approval.
Specific Licensing. The Hospital is duly licensed as a general, acute care hospital under the applicable Laws of the State of California. The licensed bed or unit capacity of the Hospital is shown on Schedule 8.2(a) hereto. No Borrower nor any of its respective Subsidiaries has granted to any third party the right to reduce the number of licensed beds, persons served or units in the Hospital or the right to apply for approval to move any and all of the licensed beds, persons served or units in the Hospital to any other location and there are no proceedings or contemplated to reduce the number of licensed beds, persons served or units in the Hospital.