BRMG definition
Examples of BRMG in a sentence
Manager may exercise such option by notice to BRMG in the manner provided herein.
BRMG acknowledges and agrees that any and all Confidential and Proprietary Information of Manager or its affiliates (“Manager’s Confidential and Proprietary Information”) communicated to, learned of, developed or otherwise acquired by BRMG during the term of this Agreement shall be the property of Manager or its affiliates.
BRMG shall vacate as soon as reasonably practical in order to protect the interest of patients of the practice and surrender to Manager possession of the Center Premises and the FF&E described in Paragraph 2 hereof, along with all other equipment, materials and supplies belonging to Manager.
If Manager determines to establish a new location, then BRMG shall use its best efforts to provide the professional staff required at such location under the same terms and conditions as set forth herein.
For purposes of the preceding sentence, the collection of the Practice Billing Receipts shall be deemed to occur at the time such amounts would be included in gross income by BRMG for federal income tax purposes, using the cash method of accounting.
BRMG shall, at its expense, employ or contract with an adequate number of licensed physicians (the “Practice Physicians”) which are necessary to provide professional services at the Centers (collectively, “BRMG Personnel”).
BRMG shall comply with all covenants set forth in any leases or subleases for the Center Premises entered into or assumed by Manager and Manager agrees to make available to BRMG copies of all such leases.
Notwithstanding the foregoing, the Practice Physicians shall be solely responsible for the supervision of all medical functions and responsibilities performed by both the BRMG Personnel and the Manager Personnel and no Manager Personnel that substantially assist in the performance of professional services will be hired or fired by Manager without consultation with BRMG.
In the event that Manager elects to restore the Center Premises, then Manager shall have the right to relocate the Practice in temporary offices pending such restoration and this Agreement shall continue in full force and effect while the Center Premises are being restored with no abatement in any Management Fee or any other payment to be made by BRMG to Manager hereunder.
Should Manager not exercise such option, then BRMG shall be obligated to negotiate in good faith at the request of Manager, toward an amendment of this Agreement or an additional agreement under which Manager would provide space, equipment, furniture, furnishings and services to BRMG at such location.