Common use of Actions After Termination Clause in Contracts

Actions After Termination. Upon termination of this Agreement by either party for any reason other than a default by the Practice, or upon expiration of this Agreement, the Practice may, and upon termination of this Agreement by BII due to the reasons set forth in Section 5.3(b) hereof, the Practice shall: (a) Purchase all improvements, additions or leasehold improvements which have been made by BII and which relate solely to the performance of its obligations under this Agreement at adjusted book value; (b) Assume all debt and all contracts, payables and leases which are obligations of BII and which relate solely to the performance of its obligations hereunder; and (c) Purchase from BII at adjusted book value all of the equipment of the Center, including all replacements and additions thereto made by BII pursuant to the performance of its obligations hereunder, and all other assets, including inventory and supplies, tangibles and intangibles (including but not limited to accounts receivable), set forth on the balance sheet prepared for the month most recently ended prior to the date of such termination in accordance with GAAP to reflect operations of the Center, and the depreciation, amortization and other adjustments of assets shown on such balance sheet.

Actions After Termination. Upon termination of this Agreement by either party for any reason other than a default by the Practice, Entity or upon expiration of this Agreement, the Practice Entity may, and upon termination of this Agreement by BII due to the reasons set forth in Section 5.3(b) hereof, the Practice Entity shall: (a) a. Purchase all improvements, additions or leasehold improvements which have been made by BII and which relate solely to the performance of its obligations under this Agreement at adjusted book value; (b) b. Assume all debt and all contracts, payables and leases which are obligations of BII and which relate solely to the performance of its obligations hereunderunder this Agreement or the properties subleased by BII; and (c) c. Purchase from BII at adjusted book value all of the equipment of the Center, including all replacements and additions thereto made by BII pursuant to the performance of its obligations hereunder, and all other assets, including inventory and supplies, tangibles and intangibles (including but not limited to accounts receivable), set forth on the balance sheet prepared for the month most recently ended prior to the date of such termination in accordance with GAAP to reflect operations of the Center, and the depreciation, amortization and other adjustments of assets shown on such balance sheet.