THVG definition
Examples of THVG in a sentence
After the date of such closing, without first complying with this Article XVI, USP, USP Parent or any Restricted Affiliate of USP Parent may participate in Ventures related to an ambulatory surgery center if any Southwest Health System Entity (other than the Company, THVG # 1 and their Subsidiaries) owns a direct interest in that ambulatory surgery center.
Baylor contributed 100% of the assets of two operational surgery centers to THVG I, in exchange for receiving a 49% ownership in THVG 2 as well as convertible subordinated notes payable from the Company in the amount of $3.3 million.
Any initial notice USP gives under article XVI of the THVG 4 1 regulations will constitute an Initial Notice under this Section 16.1. No Member may propose a Venture to the Company unless such Member has previously been deemed to be a "proposing member" with respect to such Venture under article XVI of the THVG #1 regulations.
HealthFirst, Sellers and the Principals agree to assist Buyer in its current discussions with Baylor Health Care System regarding Buyer's proposed acquisition of the interest in THVG held by ▇▇▇▇▇▇▇ THVG, L.L.P. and Disney THVG, L.L.P. and the expansion of THVG to include the Surgery Centers and certain outpatient surgery centers currently owned by Baylor Health Care System.
This Article XVI does not apply to Ventures related to ambulatory surgery centers in which the entire interest of each Member is owned through THVG #1 or any of its Subsidiaries.
The parties intend for the Company's right of first refusal to be subject to and secondary in right to the right of first refusal included in article XVI of the THVG #1 regulations.
THVG is a limited liability company which facilitates the joint management and development by the Company and Baylor Health System (Baylor) of ambulatory surgery centers On April 5 1999 and June 30, 1999 the Company issued 7% senior subordinated notes totaling $9.0 million and $9.6 million, respectively, bringing the total issued and outstanding senior subordinated debt under the Securities Purchase Agreement to approximately $20.1 million.
To the extent deemed necessary or appropriate by the Principals, Baylor Health Care System shall have acknowledged that the execution of such binding agreement shall not breach any obligations of HealthFirst, Disney THVG, L.L.P or ▇▇▇▇▇▇▇ THVG, L.L.P. with respect to THVG or cause any rights of first refusal or other similar provisions to be applicable with respect to their respective interests in THVG.
The joint venture agreements for THVG I and THVG 2 have noncompete clauses and provide for shared management services and fees.
On February 1, 1999, the Company acquired, for $400,000 in cash, a 50% interest in Texas Health Ventures Group L.L.C. (THVG I) which held ownership interests in ont operational surgery center and three surgery centers under development in the Dallas I Fort Worth, Texas See accompanying notes consolidated financial statements UNITED SURGICAL PARTNERS INTERNATIONAL, INC.