MDHC definition
Examples of MDHC in a sentence
Continucare Corporation and Continucare MDHC, LLC’s consolidated “Debt Service Coverage Ratio” shall at all times exceed 1.25 to 1.
In such event, MDHC shall promptly pay to Sponsor the prorated portion of any paid but unearned Sponsorship Fee (as defined in Exhibit A) to and including the date on which this Agreement is terminated and shall permit Sponsor to remove all of its equipment, signage, and supplies from the Facility, or, if applicable, the Practice Facility.
It is expressly understood and agreed that MDHC and Sponsor shall not, as a result of this Agreement or otherwise, be deemed to be partners or joint venturers in any respect.
If an agreement is not reached prior to the end of such negotiating period, MDHC shall be free to negotiate with other parties for the sponsorship and other rights granted to Sponsor pursuant to this Agreement, to be effective upon the expiration of this Agreement.
MDHC breaches any material term or condition of this Agreement and fails to cure such breach within forty-five (45) days after written notice of default; or if such cure cannot reasonably be accomplished within such forty-five (45) day period, MDHC shall not have in good faith commenced such cure and thereafter diligently proceed to completion.
If any amount payable by Sponsor is not paid to MDHC within *** of the due date, such amount shall bear interest from the due date until paid at *** (or, if less, the maximum rate then permitted by law), calculated on a simple interest basis for the actual number of days past due.
Finally, Sponsor acknowledges that Sponsor shall not be compensated by MDHC, the Facility, the NHL, the NCAA, the NBA or any third party as a result of the occurrence of any of the circumstances described in this Section 14.
Further, if the NHL Ducks do not continue to play home games in the Facility, then Sponsor may suspend its obligations to make quarterly Sponsorship Fee payments to MDHC each quarter by a prorated amount based on the total number of home games not played in the Facility in that quarter.
Sponsor may, as a result of any of the foregoing, i.e. NHL or NBA, during certain events, lose some or all of the rights granted to it pursuant to this Agreement including signage and other displays without compensation from MDHC, the Facility, the NHL, the NBA or other third parties.
The parties agree that the specific details of the advertising, promotion and sponsorship program, the parties’ respective rights and obligations in connection therewith, and the consideration payable to MDHC by Sponsor are set forth in Exhibit A.