Physician Partner definition
Examples of Physician Partner in a sentence
In the event of any extension of time for payment or performance or other modification of any guaranteed obligation or covenant, or any waiver thereof or other compromise or indulgence with respect thereto or any release or impairment of any security for any such obligation or covenant, or any other circumstance which might otherwise constitute a legal or equitable discharge of a surety or guarantor, no notice to, or consent of, Practice or any other Physician Partner shall be required.
Other intellectual and property rights developed or acquired by a Physician Partner or Practice Employee on his or her own time and without use of the resources or services of Manager or Practice and specifically excluded in such individual's employment agreement with Practice shall not be deemed owned by Manager or Practice.
Neither Practice nor any Physician Partner or Practice Employee shall have any right, title or interest in or to the proceeds of any such insurance policies.
If any disciplinary actions or professional liability actions are initiated against any Physician Partner or Practice Employee, Practice shall immediately inform Manager of such action and the underlying facts and circumstances.
For the avoidance of doubt, with respect to any Physician Partner Stockholders that are entities, the Disability or death of the individual who is a beneficiary, settlor, officer, member, trustee, or controlling person of such entity shall be deemed to be the Disability or death of the Physician Partner Stockholder.
Practice shall execute and deliver, and cause each Physician Partner and Practice Employee to execute and deliver, all such financing statements as Manager may request in order to perfect such security interest.
Practice shall not grant (and shall not suffer any Physician Partner or Practice Employee to grant) any other lien on or security interest in or to such accounts receivable or any proceeds thereof or in or to this Agreement to any other person or entity.
Except as otherwise provided in Section 3.6(b) and the Billing Agreement, Practice shall endorse (and shall cause each Physician Partner or Practice Employee to endorse) any payments received on account of such services to the order of Manager and shall take such other actions as may be necessary to confirm to Manager the rights set forth in this Section 5.2(a).
Without limiting the generality of the foregoing, each Physician Partner hereby waives any defense to the guaranty set forth in this Section 12(b) which may arise by reason of (A) the incapacity, lack of authority, death or disability of, or revocation hereof by, any person or entity, (B) the failure of Parent or Manager to file or enforce any claim against the estate (in probate, bankruptcy or any other proceedings) of any person or entity, or (C) any defense based upon an election of remedies.
To induce Manager to execute and deliver this Agreement, each of the undersigned Physician Partners, severally unconditionally and irrevocably guarantees to Manager the full, prompt and faithful performance by Practice of all covenants and obligations to be performed by Practice under Sections 3.7, 4.4, 4.5, 5.2, 6.4, 6.5, 7.1(a), 7.1(b), 8.1, 8.3, and 14.11 of this Agreement during the term of the guarantee of such Physician Partner as set forth on Exhibit 12(b) hereto.