Common use of PIP Clause in Contracts

PIP. (i) If Purchaser or any of its Affiliates (including, after giving effect to the Closing, the Acquired Entities) receives any PIP from the Medicare program associated with the operations of the Hospitals relating solely to periods that begin and end during the Holding Period, Purchaser will pay LifePoint an amount equal to such PIP received by Purchaser or its Affiliates. If Purchaser or any of its Affiliates (including, after giving effect to the Closing, the Acquired Entities) receives any PIP from the Medicare program associated with the operations of the Hospitals relating to both the Holding Period and to periods before or after the Holding Period, Purchaser will pay LifePoint an amount equal to the PIP actually received by Purchaser or its Affiliates for such period multiplied by a fraction, the numerator of which shall be the total number of days during the Holding Period attributable to such PIP and the denominator of which shall be the total number of days attributable to such PIP. (ii) If LifePoint or any of its Affiliates receives any PIP from the Medicare program associated with the operations of the Hospitals relating solely to periods either (A) ending prior to the SPA Effective Time or (B) beginning after the Effective Time, LifePoint will pay Purchaser an amount equal to such PIP received by LifePoint or its Affiliates. If LifePoint or any of its Affiliates receives any PIP from the Medicare program associated with the operations of the Hospitals relating to both the Holding Period and to periods before or after the Holding Period, LifePoint will pay Purchaser an amount equal to the PIP actually received by LifePoint or its Affiliates for such period multiplied by a fraction, the numerator of which shall be the total number of days other than days during the Holding Period attributable to such PIP and the denominator of which shall be the total number of days attributable to such PIP.

PIP. (i) If Purchaser or any of its Affiliates (including, after giving effect to the Closing, the Acquired Entities) receives any PIP from the Medicare program associated with the operations of the Hospitals relating solely to periods that begin and end during ending at or prior to the Holding PeriodEffective Time, Purchaser will pay LifePoint HCA an amount equal to such PIP received by Purchaser or its Affiliates. If Purchaser or any of its Affiliates (including, after giving effect to the Closing, the Acquired Entities) receives any PIP from the Medicare program associated with the operations of the Hospitals relating to periods both the Holding Period prior to and to periods before or after the Holding PeriodEffective Time, Purchaser will pay LifePoint HCA an amount equal to the PIP actually received by Purchaser or its Affiliates for such period multiplied by a fraction, the numerator of which shall be the total number of days during prior to the Holding Period Effective Time attributable to such PIP and the denominator of which shall be the total number of days attributable to such PIP. (ii) If LifePoint . Likewise, if HCA or any of its Affiliates receives or received any PIP from the Medicare program associated with the operations of the Hospitals relating solely to periods either (A) ending prior to the SPA Effective Time or (B) beginning after the Effective Time, LifePoint HCA will pay Purchaser an amount equal to such PIP received by LifePoint HCA or its Affiliates. If LifePoint HCA or any of its Affiliates receives any PIP from the Medicare program associated with the operations of the Hospitals relating to periods both the Holding Period prior to and to periods before or after the Holding PeriodEffective Time, LifePoint HCA will pay Purchaser an amount equal to the PIP actually received by LifePoint HCA or its Affiliates for such period multiplied by a fraction, the numerator of which shall be the total number of days other than days during after the Holding Period Effective Time attributable to such PIP and the denominator of which shall be the total number of days attributable to such PIP. It is the intent of the parties that Purchaser and HCA are entitled to the portion of PIP applicable to the period of time the Facilities are owned by such party.