Medix definition

Medix means Medix Resources, Inc., a Colorado corporation, and its successors and permitted assigns.

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Medix is presently a version of Personalized Programming, Inc.'s product widely known as The Medical Manager, Seller agrees that this covenant shall apply to The Medical Manager. Anything contained in this Section 6.c. notwithstanding, any restriction on Seller or any of its affiliates otherwise hereby contemplated shall be subject to (i) the right of BCBSNJ to continue to develop and implement a community health information network (currently being developed and implemented under the name "HANS") and (ii) BCBSNJ's right, through its HANS line of business or otherwise, to develop and implement strategic initiatives with EDI-USA and others with respect to electronic claims submissions. d. In the event this Agreement is terminated as a result of a breach by Seller, for a period ending two years after the date of this Agreement, neither Seller nor any of its affiliates will (i) compete with Buyer in the sale of any product or service offered or in development by Seller in connection with the Business as of the date of this Agreement within a 100 mile radius from the current offices of the Buyer (except that notwithstanding the current offices of the Buyer, the geographical area in which Seller and its affiliates may not compete shall not extend to any current customer of Seller or to such area as is within a 200 mile radius from the current offices of Seller) or (ii) solicit the clients of Buyer or solicit the employees of Buyer for other employment opportunities.

Medix or the "Company") and five Warrants (a "Warrant"). Each Warrant will entitle the Purchaser to purchase one Share of the Common Stock at a purchase price of $0.30 per Share for a five-year period commencing on January 1, 2004 and ending on December 31, 2008. The purchase price per Unit shall be $2.00. Upon execution of this Stock Purchase Agreement by both parties, the Purchaser will transmit the aggregate purchase price of $ _________ to the Company and, upon confirmation that such funds have cleared, the Company will deliver to Purchaser a stock certificate evidencing the Shares and a certificate (the "Warrant Certificate") evidencing the Warrants in the form attached hereto as Exhibit A. If the closing or last price of the Common Stock as reported on the American Stock Exchange or other recognized exchange or quotation system is $4.00 or above for ten consecutive trading days after January 1, 2004, the Company, at its option, may, upon thirty (30) days prior notice to the Holder, re-purchase the Warrants from the Holder, at a re-purchase price of $.01 per Warrant, if they are not exercised within such 30-day period or prior to the end of the five-year exercise period of the Warrants, whichever is shorter. The Warrants provide for their mandatory exercise or cancellation in the event that the Company enters into certain business combinations.

Examples of Medix in a sentence

• Maruti Showroom, Near PeeraGarhi ▇▇▇▇▇ ▇▇▇▇▇▇▇, New Delhi - 110 087 83 Mahajan Imaging Centre K-18, HauzKhas Enclave, New Delhi – 110 016 84 Mahajan Nuclear Medicine & Bone Densitometry Centre (Sir Ganga Ram Hospital), ▇▇▇▇▇▇▇▇ Nagar, New Delhi 85 Medix Diagnostics& MRI Centre (P) Ltd.

• The grant of a security interest in the Collateral shall automatically terminate upon Obligor's satisfaction in full of the unpaid principal and accrued but unpaid interest provided for in the Note by cash payment, conversion into the common stock of Medix Resources, Inc.

• If certificates representing such number of shares of common stock of Medix Resources, Inc.

• Each of the following shall constitute an Event of Default by the Obligor (The parties acknowledge that the payment of unpaid principal and accrued but unpaid interest provided ofr in the Note may be made in the form of the common stock of Medix Resources, Inc.

• The parties hereto acknowledge that, upon the occurrence of an Event of Default (other than as specified in Sections 8(e), 8(f), 8(g), 8(h), 8(i), 8(j) or 8(k) above), Obligor may satisfy payment of the Obligations pursuant to the Note by delivery of certificates representing such number of shares of the common stock of Medix Resources, Inc.

• If Medix has been acquired by another publicly traded company, Medix shall cause that company to agree to exchange its options to acquire such company's shares for the Medix options, and to cause such shares to be registered with the Securities and Exchange Commission for sale in the public securities markets by the Executive.

• Medix will forthwith, but in no case more than seven (7) business days after termination of this Agreement, deliver to LabCorp all LabCorp Confidential Information without retaining any copies thereof, and will continue to be bound by the terms and conditions of this Agreement.

• Medix has full power and authority to enter into this Agreement as described herein, and the execution, delivery and performance of this Agreement does not conflict with or result in a default under any other agreements or obligations to which Medix is a party or is otherwise subject.

• All Taxes owed by Seller, NCR and Medix with respect to the Business (whether or not shown on any Tax Return) have been paid.

• In the event that Medix provides any Services through an Independent Contractor, Medix shall require such Independent Contractor to be bound by obligations that are substantially similar to those of this Section 4(b) in regards to the Independent Contractor’s employees.

More Definitions of Medix

Medix shall have the meaning given to it in the preamble.