RAN Sample Clauses

RAN. 7.6.1.1 RAN and Hospital are parties to an agreement regarding the provision of professional radiology services at the general acute care hospital located at 000 Xxxx Xxxx Xxxx Xxxxx, Henderson, Nevada, and intend to enter into a substantially similar agreement regarding the provision of professional radiology services at the general acute care hospital to be located at 0000 Xxxx Xxxx Xxxx Xxxxx, Henderson, Nevada (collectively, the "HPSAs"), and, approximately concurrently herewith, RAN will be entering into a Professional Services Agreement with the Company (the "PSA"). If at any time while RAN has an Interest in the Company either HPSA expires without renewal, as defined below, or is terminated by Hospital without cause, or is terminated by RAN based on the material breach of an HPSA by Hospital, or the PSA expires without renewal, as defined below, or is terminated by the Company without cause, or is terminated by RAN under Section 3.2.3 of the PSA [material breach by Company], the Company shall have the right to repurchase and RAN shall have the right to require the Company to repurchase all, but not less than all, of RAN's Interest in the Company for a purchase price (the ("Buyout Price") equal to RAN's Pro Rata Part in the Company multiplied by the "Company Value" as determined under Section 7.7 set forth below. Either party shall exercise its right, if at all, by delivery of written notice to the other party exercising such right not later than ninety (90) days after the effective date of expiration or termination (as the case may be) of either HPSA or the PSA, as applicable. As promptly as possible thereafter, the Buyout Price shall be determined and the Company's purchase of RAN's Interest consummated. An agreement shall not be considered to "expire without renewal" under this Section 7.6.1.1 if the parties to the agreement continue the relationship established by the agreement following the natural expiration of the agreement while said parties negotiate a renewal or replacement arrangement.
Sample 1
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