ANNUAL BUDGETS AND PROFITABILITY. All annual capital and operation budgets prepared by Management Company shall be subject to the review, amendment, approval and disapproval of the Joint Practice Management Board. PC covenants and agrees to use its best efforts to assist the Joint Management Board in achieving the projected budgets, in place from time to time. PC and Management Company agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions and, accordingly, they will cause the Joint Practice Management Board to modify the annual budgets, as needed, including without limitation, staff reductions, to ensure that PC operates in a profitable mode which means that PDE is positive on a monthly basis. Further, PC agrees that in the event PC incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate Management Company to incur losses under this Agreement in order to sustain PC's operations.
ANNUAL BUDGETS AND PROFITABILITY. All annual capital and operation budgets prepared by IntegraMed shall be subject to the review, amendment, approval and disapproval of the Joint Practice Management Board. The parties covenant and agree to use their respective best efforts to assist the Joint Management Board in achieving the projected budgets. PC and IntegraMed agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions and, accordingly, they will cause the Joint Practice Management Board to modify the annual budgets, as needed, including without limitation, staff reductions, to ensure that PC operates in a profitable mode which means that PDE is positive on a monthly basis. Further, PC agrees that in the event PC incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate IntegraMed to incur losses under this Agreement in order to sustain PC's operations. For example, IntegraMed may take appropriate steps to reduce its Cost of Services in order to avoid negative PDE at any point.
ANNUAL BUDGETS AND PROFITABILITY. Review and approve annual capital and operation budgets prepared by Management Company. The parties covenant and agree to use their respective best efforts to assist the Practice Management Board in achieving the projected budgets. ICRM and Management Company agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions. Accordingly, the Practice Management Board may, from time to time, propose to modify the annual budgets, as needed, including without limitation, staff reductions, so that ICRM operates in a profitable mode which means that PDE is positive on a monthly basis. ICRM’s approval of such modifications shall not be unreasonably withheld and shall become part of the Budget. Further, ICRM agrees that in the event ICRM incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate Management Company to incur losses under this Agreement in order to sustain ICRM’s operations. For example, Management Company may take appropriate steps to reduce its Cost of Services in order to avoid negative PDE at any point.
ANNUAL BUDGETS AND PROFITABILITY. All annual capital and operation budgets prepared by Management Company for the Facilities shall be subject to the review, amendment, approval, and disapproval of the Joint Practices Management Board. Providers covenant and agree to use their best efforts to agree upon the budgets, in place from time to time. Providers and Management Company agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions and, accordingly, they will cause the Joint Practices Management Board to modify the annual budgets, as needed, including without limitation, staff reductions, to ensure that Providers operate in a profitable mode, subject to Management Company's duties and responsibilities under this Agreement.
ANNUAL BUDGETS AND PROFITABILITY. All annual capital and operation budgets prepared by IntegraMed shall be subject to the review, amendment, approval and disapproval of the Joint Practice Management Board. The parties covenant and agree to use their respective best efforts to assist the Joint Management Board in achieving the projected budgets. NCIRE and IntegraMed agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions and, accordingly, they will cause the Joint Practice Management Board to modify the annual budgets, as needed, including without limitation, staff reductions, to ensure that NCIRE operates in a profitable mode which means that PDE is positive on a monthly basis. Further, NCIRE agrees that in the event NCIRE incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate IntegraMed to incur losses under this Agreement in order to sustain NCIRE's operations. For example, IntegraMed may take appropriate steps to reduce its Cost of Services in order to avoid negative PDE at any point.
ANNUAL BUDGETS AND PROFITABILITY. Review and approve annual capital and operation budgets prepared by IntegraMed. The parties covenant and agree to use their respective best efforts to assist the Practice Management Board in achieving the projected budgets. CRM and IntegraMed agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions. Accordingly, the Practice Management Board may, from time to time, propose to modify the annual budgets, as needed, including without limitation, staff reductions, so that CRM operates in a profitable mode which means that PDE is positive on a monthly basis. CRM's approval of such modifications shall not be unreasonably withheld and shall become part of the Budget. Further, CRM agrees that in the event CRM incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate IntegraMed to incur losses under this Agreement in order to sustain CRM's operations. For example, IntegraMed may take appropriate steps to reduce its Cost of Services in order to avoid negative PDE at any point.
ANNUAL BUDGETS AND PROFITABILITY. Review and approve annual capital and operation budgets prepared by Management Company. The parties covenant and agree to use their respective best efforts to assist the Practice Management Board in achieving the projected budgets. UFC and Management Company agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions. Accordingly, the Practice Management Board may, from time to time, propose to modify the annual budgets, as needed, including without limitation, staff reductions, so that UFC operates in a profitable mode which means that PDE is positive on a monthly basis. UFC’s approval of such modifications shall not be unreasonably withheld and shall become part of the Budget. Further, UFC agrees that in the event UFC incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate Management Company to incur losses under this Agreement in order to sustain UFC’s operations. For example, Management Company may take appropriate steps to reduce its Cost of Services in order to avoid negative PDE at any point.
ANNUAL BUDGETS AND PROFITABILITY. All annual capital and operation budgets prepared by IntegraMed shall be subject to the review, amendment, approval and disapproval of the Joint Practice Management Board. The parties covenant and agree to use their respective best efforts to assist the Joint Management Board in achieving the projected budgets. REACh and IntegraMed agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions and, accordingly, they will cause the Joint Practice Management Board to modify the annual budgets, as needed, including without limitation, staff reductions, to ensure that REACh operates in a profitable mode which means that PDE is positive on a monthly basis. Further, REACh agrees that in the event REACh incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate IntegraMed to incur losses under this Agreement in order to sustain REACh's operations. For example, IntegraMed may take appropriate steps to reduce its Cost of Services in order to avoid negative PDE at any point.
ANNUAL BUDGETS AND PROFITABILITY. Review and recommend to LLC annual capital and operation budgets prepared by Management Company; provided, however, all capital expenses involving Management Company capital must be approved by the Practice Management Board in accordance with Section 7.2.2. The Parties covenant and agree to use their respective best efforts to assist the Practice Management Board in achieving the projected budgets. LLC and Management Company agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions. Accordingly, the Practice Management Board may, from time to time, propose to modify the annual budgets, as needed, including without limitation, staff reductions, so that LLC operates in a profitable mode which means that PDE is positive on a monthly basis. LLC’s approval of such modifications shall not be unreasonably withheld and shall become part of the Budget. Further, LLC agrees that in the event LLC incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate Management Company to incur losses under this Agreement in order to sustain LLC’s operations.
ANNUAL BUDGETS AND PROFITABILITY. Review and approve annual capital and operation budgets prepared by RPI. The parties covenant and agree to use their respective best efforts to assist the Practice Management Board in achieving the projected budgets. Reproductive Partners and RPI agree that, recognizing changes in circumstances, annual budgets and forecast are subject to revisions. Accordingly, the Practice Management Board may, from time to time, propose to modify the annual budgets, as needed, including without limitation, staff reductions, so that Reproductive Partners operates in a profitable mode which means that PDE is positive on a monthly basis. Reproductive Partners' approval of such modifications shall not be unreasonably withheld and shall become part of the Budget. Further, Reproductive Partners agrees that in the event Reproductive Partners incurs operational losses at any point during the term of this Agreement, nothing herein shall obligate RPI to incur losses under this Agreement in order to sustain Reproductive Partners' operations. For example, RPI may take appropriate steps to reduce its Cost of Services in order to avoid negative PDE at any point.
