Direct Exchange definition

Direct Exchange has the meaning set forth in Section 11.03(a).

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Direct Exchange is defined in the recitals to this Agreement.

Direct Exchange has the meaning set forth in Section 2.6 of this Agreement.

Examples of Direct Exchange in a sentence

The Corporation shall deliver Class A Common Stock that has been registered under the Securities Act with respect to any Share Settlement pursuant to a Redemption or Direct Exchange to the extent a registration statement is effective and available with respect to such shares.
This Agreement shall continue notwithstanding the consummation of a Redemption or Direct Exchange by a Member and all rights set forth herein shall continue in effect with respect to the remaining Members and, to the extent the Redeeming Member has a remaining Unit following such Redemption or Direct Exchange, the Redeeming Member.
Unless otherwise required by applicable Law, the parties hereto acknowledge and agree that a Redemption or a Direct Exchange, as the case may be, shall be treated as a direct exchange between the Corporation and the Redeeming Member for U.S. federal and applicable state and local income tax purposes.
The Corporation covenants that all shares of Class A Common Stock issued in connection with a Share Settlement pursuant to a Redemption or Direct Exchange shall, upon issuance, be validly issued, fully paid and non-assessable.
Upon such Direct Exchange pursuant to this Section 11.03, the Corporation shall acquire the Redeemed Units and shall be treated for all purposes of this Agreement as the owner of such Units.

More Definitions of Direct Exchange

Direct Exchange has the meaning set forth in the Recitals of this Agreement.

Direct Exchange has the meaning set forth in Section 2.1(g).

Direct Exchange has the meaning set out in Schedule A;

Direct Exchange has the meaning given to such term in the Exchange Agreement.

Direct Exchange means the activity of electronic transmission of health information through a direct connection between the electronic record systems of health care providers without the use of a health information exchange.

Direct Exchange has the meaning set forth in Section 11.03(a). “Discount” has the meaning set forth in Section 6.06.

Direct Exchange means the transmission and receipt (i.e., exchange) of Data between or among specific Participants where each such Participant has a relationship with the Patient about whom the information pertains. For example, a physician may receive lab results using Direct Exchange services provided by the Contexture System.