Common use of Violation of Law Clause in Contracts

Violation of Law. In the event that the consummation of the ---------------- purchase and sale of Shares as contemplated under this Section __ violates applicable law, the Terminating Shareholders and NovaMed's Medical Director shall in good faith negotiate and consummate an alternative transaction structure, including without limitation, the purchase of the Corporation's assets and assumption of the Corporation's liabilities by NovaMed's Medical Director or his designee, which will allow (i) the continuation of the Corporation's business by the Corporation or a successor entity, (ii) the continued performance by the Corporation or a successor entity and NovaMed of their respective obligations under that certain Management Services Agreement by and between NovaMed and the Corporation, dated as of _______ __, 199_, and (iii) the transfer of the [Partnership] interests held by the Corporation to the Terminating Shareholders.

Appears in 4 contracts

Samples: Management Services Agreement (Novamed Eyecare Inc), Management Services Agreement (Novamed Eyecare Inc), Management Services Agreement (Novamed Eyecare Inc)

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Violation of Law. In the event that the consummation of the purchase ---------------- purchase and sale of Shares as contemplated under this Section ___ violates applicable law, the Terminating Shareholders and NovaMed's Medical Director shall in good faith negotiate and consummate an alternative transaction structure, including without limitation, the purchase of the Corporation's assets and assumption of the Corporation's liabilities by NovaMed's Medical Director or his designee, which will allow (i) the continuation of the Corporation's business by the Corporation or a successor entity, (ii) the continued performance by the Corporation or a successor entity and NovaMed of their respective obligations under that certain Management Services Agreement by and between NovaMed and the Corporation, dated as of _______ __, 199_, and (iii) the transfer of the [Partnership] interests held by the Corporation to the Terminating Shareholders.

Appears in 2 contracts

Samples: Management Services Agreement (Novamed Eyecare Inc), Management Services Agreement (Novamed Eyecare Inc)

Violation of Law. In the event that the consummation of the ---------------- purchase and sale of Shares as contemplated under this Section __ violates applicable law, the Terminating Shareholders Members and NovaMed's Medical Director shall in good faith negotiate and consummate an alternative transaction structure, including without limitation, the purchase of the Corporation's assets and assumption of the Corporation's liabilities by NovaMed's Medical Director or his designee, which will allow (i) the continuation of the Corporation's business by the Corporation or a successor entity, (ii) the continued performance by the Corporation or a successor entity and NovaMed of their respective obligations under that certain Management Services Agreement by and between NovaMed and the Corporation, dated as of _______ __, 199__, and (iii) the transfer of the [Partnership] interests held by the Corporation to the Terminating ShareholdersMembers.

Appears in 1 contract

Samples: Management Services Agreement (Novamed Eyecare Inc)

Violation of Law. In the event that the consummation of the ---------------- purchase and sale of Shares as contemplated under this Section __ violates applicable law, the Terminating Shareholders Members and NovaMed's Medical Director shall in good faith negotiate and consummate an alternative transaction structure, including without limitation, the purchase of the Corporation's assets and assumption of the Corporation's liabilities by NovaMed's Medical Director or his designee, which will allow (i) the continuation of the Corporation's business by the Corporation or a successor entity, (ii) the continued performance by the Corporation or a successor entity and NovaMed of their respective obligations under that certain Management Services Agreement by and between NovaMed and the Corporation, dated as of _______ __, 199_, and (iii) the transfer of the [Partnership] interests held by the Corporation to the Terminating ShareholdersMembers.

Appears in 1 contract

Samples: Management Services Agreement (Novamed Eyecare Inc)

Violation of Law. In the event that the consummation of the ---------------- purchase and sale of Shares as contemplated under this Section __ violates applicable law, the Terminating Shareholders and NovaMed's Medical Director shall in good faith negotiate and consummate an alternative transaction structure, including without limitation, the purchase of the Corporation's assets and assumption of the Corporation's liabilities by NovaMed's Medical Director or his designee, which will allow (i) the continuation of the Corporation's business by the Corporation or a successor entity, (ii) the continued performance by the Corporation or a successor entity and NovaMed of their respective obligations under that certain Management Services Agreement by and between NovaMed and the Corporation, dated as of _______ __, 199__, and (iii) the transfer of the [Partnership] interests held by the Corporation to the Terminating Shareholders.

Appears in 1 contract

Samples: Management Services Agreement (Novamed Eyecare Inc)

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Violation of Law. In the event that the consummation of the ---------------- purchase and sale of Shares as contemplated under this Section ___ violates applicable law, the Terminating Shareholders and NovaMed's Medical Director shall in good faith negotiate and consummate an alternative transaction structure, including without limitation, the purchase of the Corporation's assets and assumption of the Corporation's liabilities by NovaMed's Medical Director or his designee, which will allow (i) the continuation of the Corporation's business by the Corporation or a successor entity, (ii) the continued performance by the Corporation or a successor entity and NovaMed of their respective obligations under that certain Management Services Agreement by and between NovaMed and the Corporation, dated as of _______ __, 199_, and (iii) the transfer of the [Partnership] interests held by the Corporation to the Terminating Shareholders.

Appears in 1 contract

Samples: Management Services Agreement (Novamed Eyecare Inc)

Violation of Law. In the event that the consummation of the ---------------- purchase and sale of Shares as contemplated under this Section __ violates applicable law, the Terminating Shareholders and NovaMed's Medical Director shall in good faith negotiate and consummate an alternative transaction structure, including without limitation, the purchase of the Corporation's assets and assumption of the Corporation's liabilities by NovaMed's Medical Director or his designee, which will allow (i) the continuation of the Corporation's business by the Corporation or a successor entity, (ii) the continued performance by the Corporation or a successor entity and NovaMed of their respective obligations under that certain Management Services Agreement by and between NovaMed and the Corporation, dated as of _______ __, 199_, and (iii) the transfer of the [Partnership] interests held by the Corporation to the Terminating Shareholders.

Appears in 1 contract

Samples: Management Services Agreement (Novamed Eyecare Inc)

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