IPSI definition
Examples of IPSI in a sentence
IVP shall also carry a policy of public liability and property damage insurance with respect to the Facilities under which the insurer agrees to indemnify IPSI and IntegraMed, subject to ordinary deductibles, against all cost, expense, and/or liability arising out of or based upon any and all claims, accidents, injuries, and damages customarily included within the coverage of such policies of insurance available for IVP.
IVP's failure to present annual financial statements to IPSI in accordance with this Section 3.4.1 within 45 days following the end of the Fiscal Year shall be deemed a material breach subject to Section 9.1.2 below.
IPSI hereby acknowledges that it shall have access to and become familiar with certain management information systems, trade secrets, and proprietary and confidential information of IVP, as described and scheduled on Exhibit 13.2 ("Confidential Information").
IPSI and IntegraMed shall be additional named insureds under the terms of such insurance coverages.
During the Term of this Agreement, IVP hereby grants to IPSI a nonexclusive, personal, nonassignable, nontransferable, royalty-free license to use the "Cycle Kit" tradename ("Tradename") in IPSI'S business.
A certificate of insurance evidencing such policies shall be presented to IPSI within 30 days after the execution of this Agreement.
IPSI shall not photocopy or otherwise duplicate any Confidential Information of another party without the prior express written consent of the such other party except as is required to perform services under this Agreement.
IPSI hereby covenants that, during the Term of this Agreement, it will not do any of the following: (a) except with the consent of the JOB, enter into any line of business other than the sale of Pharmaceutical Products and Pharmaceutical Services pursuant to this Agreement; (b) incur any indebtedness except as contemplated in this Agreement; or (c) merge, consolidate, liquidate, or sell all or substantially all of its assets.
IPSI hereby acknowledges IVP's exclusive ownership of the Tradename.
IVP shall have no obligation to transfer such funds to IPSI unless and until IPSI delivers to IVP proof of receipt of a matching amount of funds from IntegraMed or another source.