CRSF definition
Examples of CRSF in a sentence
Buyer acknowledges that Sellers currently maintain in segregated accounts certain assets ("CRSF Assets") which secure Sellers' obligations for Contingency Reserves and Stabilization Funds (collectively the "CRSF Reserves"), representing Sellers' obligation to pay monies to, and to return initial capital of, certain present or former participating physicians in accordance with policies and procedures previously established by the respective Boards of Directors of Sellers.
A list of all record owners of all accounts within the CRSF Reserves to be assumed by Buyer (together with account balances on a date not more than 30 days prior to date of this Agreement) is attached as Schedule 6.46.
For participating physicians with CRSF accounts of $10,000 or less, Sellers shall distribute cash in settlement of such accounts promptly after the Closing.
As provided in Section 2.10, Sellers and Buyer agree that all assets held for the CRSF Reserves (and any operational responsibilities or liabilities relating thereto), except for certain cash and Acceptable Financial Assets to be transferred to Buyer pursuant to Section 2.09 (the "Non-Transferred Assets") will be retained by Sellers.