Material Decision means any decisions regarding approvals of the development and operating budgets for the Hospital, the selection of the site for the Hospital, the design of the Hospital, the selection of the Hospital's senior administrator, strategic planning, the execution of managed care contracts and the execution of exclusive contracts to provide physician services to the Hospital.
Material Decision means a decision relating to one or more of the following:
Material Decision means, for purposes of Section 6.2(b)(ii) of this Agreement, a decision of the Board that has a material effect on the Company, including:
Examples of Material Decision in a sentence
In the case of a tie vote, including a tie vote on any Material Decision, the vote of the Liquidation Trustee shall be taken to break the tie.
More Definitions of Material Decision
Material Decision means, for purposes of this Agreement, entering into, terminating, or materially amending or waiving any of the Seller's rights in respect of any of the following to the extent the same may materially affect the Assets or operations of the Business following the Completion: (i) any Contract, lease relating to the Property; (ii) any purchase order for products or supplies involving in excess of $5,000 in any instance to be delivered, or the payment for which shall become due, after Completion; (iii) the acceptance of any material customer order that deviates in any material respect from the terms and conditions of current pricing policies; (iv) any action to respond to any material customer or regulatory complaint outside of the normal course of business; (v) any general communication with customers related to the Business or the transactions contemplated hereby; or (vi) a material change in pricing, promotional, marketing or any other decision that would affect in any material respect any of the Seller's customary profit margins.
Material Decision means (i) any agreement or decision defined elsewhere in this Agreement as a Material Agreement or Material Decision and (ii) any binding agreement which may not be canceled upon less than thirty (30) days notice and which calls for the expenditure of funds, or involves an obligation for financing, in excess of $50,000.00 exclusive of agreements or obligations contemplated by any budget, development plan, financing or construction contract approved by HM and the Investor Representatives or agreements incurred in the ordinary course of business such as employment agreements, purchases of supplies and routine services and the like.
Material Decision means any of the following to the extent the same may affect the Acquired Assets, the Assumed Liabilities, or the Business following the Closing: (i) enter into any Contract that involves payments of $100,000 or more; (ii) terminate, amend or modify or waive any rights in respect of any Assumed Contract; (iii) make any material change in the Seller's methods of collecting Trade Receivables or any making or agreeing to make any settlement concerning a Trade Receivable in excess of $100,000; or (iv) a material change in pricing, promotional, marketing, or any other decision that would reduce in any material respect a Seller's customary profit margins.
Material Decision means any decision that will cause any material changes to the ownership of any of the VIE Affiliates, or to any of the VIE Agreements, as well as any decisions related to investments, divestments, sale of assets or acquisitions that may cause at least a 25% change to the Company’s consolidated net assets or revenue.
Material Decision means any decisions after the date hereof regarding approvals of the development and operating budgets for the Hospital, the selection of the site for the Hospital, the design of the Hospital, the selection of the Hospital's senior administrator, strategic planning, the execution of managed care contracts, the execution of exclusive contracts to provide physician services to the Company and any request for additional capital contributions funding pursuant to Section 3.5(b) of this Operating Agreement.
Material Decision has the meaning given in Section 6.5.
Material Decision means any decisions regarding approvals of the development and operating budgets for the Hospital, the selection of the site for the Hospital, the design of the Hospital, the selection of the Hospital's senior administrator, strategic planning, the execution of managed care contracts, the execution of exclusive contracts to provide physician services to the Hospital, and if requested by the Investor Manager in the future, the purchase by the Company of goods and services from DTO Management other than for repayment of loans, amounts set forth in an approved budget, reimbursement for personnel who work full time at the Hospital, those expenditures governed by Sections 5.6(b), or expenditures pursuant to Section 5.15 which do not exceed $25,000 in the aggregate.