Common use of Partial Discontinuance Clause in Contracts

Partial Discontinuance. In the event that SEARHC determines that continuing to provide all or substantially all of the inpatient, long-term care, or ambulatory health care services it then provides in Sitka, Alaska, is not feasible or desirable for any reason, including but not limited to a decision to sell or otherwise dispose of SEARHC’s interest in all or substantially all of the inpatient, long-term care, or ambulatory health care services it provides in Sitka, Alaska, SEARHC shall provide notice to the City of SEARHC’s intent to discontinue such services, and shall afford the City the right to acquire such health care services upon terms to be negotiated between the Parties. If within ninety (90) days following the notice from SEARHC the City and SEARHC do not enter into a letter of intent with binding provisions related to (i) the method for establishing the financial aspects of the transaction and (ii) the structure of and closing date of the transaction pursuant to which the City will acquire such health care services from SEARHC, then SEARHC’s obligations under this Section 6.21 shall expire.