Affiliated Practice definition

Affiliated Practice means any physician-owned professional organization, association or corporation that employs or contracts with physicians engaged in a pathology or other medical practice and has entered into a Management Services Agreement with the Borrower or any of its Subsidiaries.

Affiliated Practice means any Physical Therapy Entity that is or will become party to a Management Services Agreement, including any Practice Subsidiary following a transfer of its Capital Stock in any Permitted Practice Subsidiary Restructuring. For the avoidance of doubt, the term “Affiliated Practice” may include both Consolidated APCs and Non-Consolidated APCs.

Affiliated Practice means any Person (a) that provides medical, healthcare or related professional services, (b) the Equity Interests of which are not owned by the Borrower or any Restricted Subsidiary, (c) that is a party to an administrative services, practice support or management agreement with the Borrower or a Restricted Subsidiary pursuant to which the Borrower or any Restricted Subsidiary provides administrative, management, practice support or other non-clinical services to such Person, without exercising any professional medical judgment (including as to the day-to-day non-clinical, administrative operations of such Person) (each, a “Services Agreement”), (d) that pays the Borrower or such Restricted Subsidiary fees pursuant to any Services Agreement to which such Person is a party and (e) to the extent permitted by applicable law, the Equity Interests of which are owned by Persons party to a customary stock transfer agreement with the Borrower or such Restricted Subsidiary. Schedule 1.01(6) lists each Person which is an “Affiliated Practice” as of the Effective Date.

Examples of Affiliated Practice in a sentence

• There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, overtly threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against Holdings, the Borrower or any of the Subsidiaries or any Affiliated Practice that would reasonably be expected to have a Material Adverse Effect.

• The Company as a defendant tenant is seeking indemnity from the Affiliated Practice and believes that it will recover any damages suffered from the responsible Affiliated Practice.

• For these purposes, the term "Affiliated Practice" shall refer to any physician medical practice which, as of December 1, 1998, had in effect with SCN an agreement substantially similar to the Service Agreement.

• The consummation of the Transactions will not cause (a) the forfeiture or termination of, or give rise to a right of forfeiture or termination of any material Company IP Right, or (b) additional payment obligations by any Company Group Member or Affiliated Practice in order to use or exploit any material Company IP Rights to the same extent as such Company Group Member or Affiliated Practices was permitted before the Agreement Date.

• There is no pending or, to the knowledge of the Borrower, threatened Limitation by any Governmental Authority, Third Party Payor or any other Person of any right, qualification, approval, permit, authorization, accreditation, Reimbursement Approval, license or franchise of the Borrower, any Subsidiary or any Affiliated Practice, except for such Limitations, individually or in the aggregate, as are not reasonably likely to result in a Material Adverse Effect.

More Definitions of Affiliated Practice

Affiliated Practice has the meaning set forth in SECTION 10.15.

Affiliated Practice means any physician-owned professional organization, association or corporation that employs or contracts with physicians engaged in a pathology practice and has entered into a Management Services Agreement with the Borrower or any Subsidiary.

Affiliated Practice and collectively as the "Affiliated Practices", and such service agreements are referred to herein individually as a "Service Agreement". To the knowledge of the Company, each of the Affiliated Practices has been duly incorporated or formed, as the case may be, and is existing in good standing, with power and authority (corporate (if applicable) and other) to own its properties and conduct its business as presently conducted. Subject to such qualifications as are set forth in the Registration Statements and the Prospectus, each Service Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding agreement of the Company, enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. Each Service Agreement has been duly authorized, executed and delivered by the parties thereto, other than the Company, and, subject to such qualifications as are set forth in the Registration Statements and the Prospectus, constitutes a valid and legally binding agreement of such other parties thereto, enforceable against such parties in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

Affiliated Practice shall include any practice or facility (i) in which the Company or any of its Subsidiaries has an ownership interest or (ii) that is managed by or receives other services from the Company or any of its subsidiaries in connection with any element of the Business.

Affiliated Practice means any dentist, pediatric dentist, orthodontist, professional association, professional corporation, partnership or similar Person for whose practice a Credit Party or any of its Subsidiaries provides business, management, administrative or other non-clinical support services pursuant to a Service Agreement; provided, however, any Litigating ORAL Affiliated Practice shall not be considered an Affiliated Practice to the extent, and only during the period, that such Affiliated Practice is engaged in litigation with any Credit Party or any of its Subsidiaries.

Affiliated Practice shall have the meaning assigned to such term in the Credit Agreement as in effect on the Initial Issue Date.

Affiliated Practice means any dentist, orthodontist, pediatric dentist or other dental related practice for which a Loan Party provides business, management, administrative or other non-clinical support services pursuant to a Service Agreement.