New Medical Services and Additional Practice Offices Sample Clauses

New Medical Services and Additional Practice Offices. If VERO II desires to have a new medical service provided at any of the Practice Offices or desires to establish a new clinic, a proposal of such service or the establishment of such new clinic shall be submitted to the Policy Board. Should the Policy Board approve the expansion of service or the establishment of such new clinic, Company, at its option, shall have the exclusive right to provide services necessary to support VERO II in VERO II's delivery of such new medical services at the Practice Office or new clinic, as applicable; provided, however, if the type of service is an ancillary service that would be improper under any rules, regulations or laws for Company to offer to VERO II patients, then Company shall not have the option to provide such service. Should Company decline to provide the necessary support service for the new service or new clinic, VERO II shall be entitled to perform such service at VERO II's own expense and the revenues therefrom shall not be included in the calculation of Company's service fees under Article VIII of this Agreement; provided, however, that Company shall have the option to assume performance of the necessary support services for providing such new service or new clinic by buying out VERO II's investment in the service at VERO II's Book Value at anytime within eighteen (18) months of the date such new service is first provided, which Book Value shall be based on the price of the assets purchased by VERO II less depreciation accrued to the date of acquisition of such service by Company, as determined under GAAP.
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New Medical Services and Additional Practice Offices. If the --------------------------------------------------- Practice desires to have a new ancillary service provided at any of the Practice's offices or desires to establish a new Practice office, a proposal of such ancillary service or the establishment of such new office shall be submitted to the Management Team. Should the Management Team approve the provision of such new ancillary service or the establishment of such new Practice office, MidSouth at its option, shall have the exclusive right to: (i) provide services necessary to support the Practice in the Practice's delivery of such new ancillary services at the Practice office or new Practice office, as applicable, and (ii) invest and have ownership in any new ancillary services for which facility fees may be generated; provided, however, if the type of service is an ancillary service that would be improper under any Applicable Law for MidSouth to offer to the Practice's patients, then MidSouth shall not have the option to provide such service. Should MidSouth decline to provide the necessary support service or ownership for the new ancillary service or new Practice office, the Practice shall be entitled to perform such service at the Practice's own expense and the revenue therefrom shall not be Practice Revenue under this Agreement.
Sample 1
New Medical Services and Additional Practice Offices. If TOC desires to have a new medical service provided at any of the Practice Offices or desires to establish a new clinic, a proposal of such service or the establishment of such new clinic shall be submitted to the Policy Board. Should the Policy Board approve the expansion of service or the establishment of such new clinic, Company, at its option, shall have the exclusive right to provide services necessary to support TOC in TOC's delivery of such new medical services at the Practice Office or new clinic, as applicable; provided, however, if the type of service is an ancillary service that would be improper under any rules, regulations or laws for Company to offer to TOC patients, then Company shall not have the option to provide such service. Should Company decline to provide the necessary support service for the new service or new clinic, TOC shall be entitled to perform such service at TOC's own expense and the revenues therefrom shall not be included in the calculation of Company's service fees under Article VIII of this Agreement; provided, however, that Company shall have the option to assume performance of the necessary support services for providing such new service or new clinic by buying out TOC's investment in the service, at an amount equal to the greater of: (i) TOC's Book Value as of the date of such purchase of all of the assets owned by TOC and used in connection with the operation of such new service or new clinic, or (ii) an amount equal to TOC's net income from the investment, based on the twelve (12) months' operations immediately preceding the date of purchase (and if less than twelve (12) months of operations have occurred the actual net income from the investment on an annualized basis) multiplied by five (5). For purposes of this Section 5.10, Book Value and net income shall be determined on the basis of GAAP.
Sample 1Sample 2
New Medical Services and Additional Practice Offices. Except as provided below, if Princeton II desires to have a new medical service provided at any of the Practice Offices or desires to establish a new clinic, a proposal of such service or the establishment of such new clinic shall be submitted to the Policy Board. Should the Policy Board approve the expansion of service or the establishment of such new clinic, Company, at its option, shall have the exclusive right to provide services necessary to support Princeton II in Princeton II's delivery of such new medical services at the Practice Office or new clinic, as applicable; provided, however, if the type of service is an ancillary service that would be improper under any rules, regulations or laws for Company to offer to Princeton II patients, then Company shall not have the option to provide such service. Should Company decline to provide the necessary support service for the new service or new clinic, Princeton II shall be entitled to perform such service at Princeton II's own expense and the revenues therefrom shall not be included in the calculation of Company's service fees under Article VIII of this Agreement; provided, however, that Company shall have the option to assume performance of the necessary support services for providing such new service or new clinic by buying out Princeton II's investment in the service at Princeton II's Book Value at anytime within eighteen (18) months of the date such new service is first provided, which Book Value shall be based on the price of the assets purchased by Princeton II less depreciation accrued to the date of acquisition of such service by Company, as determined under GAAP. Notwithstanding any other provision of this Agreement to the contrary, Company and Princeton II acknowledge and agree that Princeton II or its Affiliates shall have the right to develop, own and operate ambulatory surgery centers and Company shall not have the right to limit Princeton II's authority or rights to continue developing, operating or owning such ambulatory surgery centers.
Sample 1

Related to New Medical Services and Additional Practice Offices

  • Medical Services Medical and health care services provided to a Patient, including, but not limited to, medical and health care services provided to a Patient and performed by Borrower which are covered by a policy of insurance issued by an Insurer, and includes physician services, nurse and therapist services, dental services, hospital services, skilled nursing facility services, comprehensive outpatient rehabilitation services, home health care services, residential and out-patient behavioral healthcare services, and medicine or health care equipment provided by Borrower to a Patient for a necessary or specifically requested valid and proper medical or health purpose.

  • Personnel, Office Space, and Facilities of Manager The Manager at its own expense shall furnish or provide and pay the cost of such office space, office equipment, office personnel, and office services as the Manager requires in the performance of its investment advisory and other obligations under this Agreement.

  • Technical Services Party B will provide technical services and training to Party A, taking advantage of Party B’s advanced network, website and multimedia technologies to improve Party A’s system integration. Such technical services shall include:

  • Legal Services Legal services and expenses in connection with the affairs of the Trust, including registering and qualifying its shares with regulatory authorities;

  • Management and Administrative Services The Investment Adviser shall perform, or arrange for its affiliates to perform, the management and administrative services necessary for the operation of the Fund, including administering shareholder accounts and handling shareholder relations. The Investment Adviser shall provide the Fund with office space, facilities, equipment and necessary personnel and such other services as the Investment Adviser, subject to review by the Board of Directors, from time to time shall determine to be necessary or useful to perform its obligations under this Agreement. The Investment Adviser, also on behalf of the Fund, shall conduct relations with custodians, depositories, transfer agents, pricing agents, dividend disbursing agents, other shareholder servicing agents, accountants, attorneys, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and such other persons in any such other capacity deemed to be necessary or desirable. The Investment Adviser generally shall monitor the Fund's compliance with investment policies and restrictions as set forth in filings made by the Fund under the federal securities laws. The Investment Adviser shall make reports to the Board of Directors of its performance of obligations hereunder and furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as it shall determine to be desirable.

  • Specific Services Without limiting the generality of the Services to be provided as set forth above, it is hereby acknowledged and agreed that Consultant will provide the following specific services:

  • CORPORATE ADMINISTRATIVE SERVICES The Manager will provide the following corporate administrative services for the Fund:

  • ELECTRICAL SERVICES A. Landlord shall provide electric power for a combined load of 3.0 xxxxx per square foot of useable area for lighting and for office machines through standard receptacles for the typical office space.

  • Appointment and Services (a) The Trust appoints the Administrator to provide the administrative services set out in Appendix A to this Agreement (the “Administrative Services”) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Administrative Services for the compensation set out in this Agreement.

  • OTHER ADMINISTRATIVE SERVICES 1. Coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses.

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