Supply expense definition
Supply expense as used in this Section 3 is defined to include all medical-surgical supplies and pharmaceutical products, purchased during the relevant time period. As a condition to such issuance, Participant will be required to execute Amendment No. 6 to the Amended and Restated Limited Partnership Agreement of Healthtrust Purchasing Group, L.P. dated as of May 11, 1999 (the “Limited Partnership Agreement”) and will be subject to all of the obligations and conditions and entitled to all of the benefits of a limited partner thereunder. HPG further agrees to have the Limited Partnership Agreement amended such that (i) with respect to allocation under the Limited Partnership Agreement as related to non-equity participant generated income, Participant will receive an annual allocation only with respect to that portion of the non-equity participant income that exceeds that actually received by HPG from January 1, 2004 through October 27, 2004, and (ii) with respect to each partner’s ownership interest, such will be recalculated annually based on each partner’s prorata portion of purchases under Vendor Contracts. The parties acknowledge that the exact percentage of Participant’s Limited Partnership Interest may be adjusted based on the addition of new limited partners to HPG. HPG agrees to consult with Participant concerning any possible candidate to become a partner of HPG. In the event HPG is reorganized into another legal entity, Participant shall receive a percentage interest in the new HPG legal entity that is the same as that for its Limited Partnership Interest at the time of the reorganization. In the event this Participation Agreement is terminated by mutual consent prior to five (5) years after the Effective Date or HPG terminates this Agreement with cause prior to five (5) years after the Effective Date, Participant’s ownership interest in HPG shall be automatically terminated.
Examples of Supply expense in a sentence
Manufacturer of any such claims or If the Manufacturer repeatedly is action, tenders the defense of such unable to supply to Buyer the required claim or action to Manufacturer and amount of Product, the Buyer shall assists Manufacturer at Manufacturer's have the right to terminate the Supply expense in defending such claim or Agreement with three months written action and does not compromise or notice.