PC Entity Requirements definition

PC Entity Requirements means (i) an executed management services agreement with the Issuer or a Guarantor, which terms shall include, but not be limited to, customary term and termination provisions, prohibitions on assignment by the PC Entity with no restrictions on assignment by the Issuer or any Guarantor, purchase provisions allowing the Issuer or a Guarantor (or other nominee designated by the Issuer or a Guarantor) to buy all assets of the PC Entity at a nominal price and a requirement that the PC Entity enter into cash management arrangements with the Issuer or a Guarantor providing such Issuer or Guarantor full dominion over such cash in a customary manner, including customary cash sweep agreements of cash to the Issuer or a Guarantor, (ii) customary stock transfer restriction agreements and (iii) customary non-compete and non-solicit agreements with the primary physician employees and physician owners of the PC Entity responsible for providing all or substantially all of such PC Entity’s professional services, including the Issuer, which non-compete and non-solicit agreements shall be in force during the term of each such party’s relationship with the PC Entity and for a customary period following termination of such Person’s relationship with the PC Entity for any reason.
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PC Entity Requirements means (i) an executed management services agreement with the Borrower or a Guarantor, which terms shall include, but not be limited to, customary term and termination provisions, prohibitions on assignment by the PC Entity with no restrictions on assignment by the Borrower or any Guarantor, purchase provisions allowing the Borrower or a Guarantor (or other nominee designated by the Borrower or a Guarantor) to buy all assets of the PC Entity at a nominal price and a requirement that the PC Entity enter into cash management arrangements with the Borrower or a Guarantor providing such Borrower or Guarantor full dominion over such cash in a customary manner, including customary cash sweep agreements of cash to the Borrower or a Guarantor, (ii) customary stock transfer restriction agreements and (iii) customary non-compete and non-solicit agreements with the primary physician employees and physician owners of the PC Entity responsible for providing all or substantially all of such PC Entity’s professional services, including the Borrower, which non-compete and non-solicit agreements shall be in force during the term of each such party’s relationship with the PC Entity and for a customary period following termination of such Person’s relationship with the PC Entity for any reason.
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PC Entity Requirements means receipt and satisfactory review by the Administrative Agent of the following related to a PC Entity: (i) ownership structure; (ii) an executed management or administrative services agreement and related agreements, which terms shall include, but not be limited to, acceptable term and termination provisions, prohibitions on assignment by the PC Entity with no restrictions on assignment by the Borrower, purchase provisions allowing the Borrower (or other nominee designated by the Borrower) to buy all assets or equity of the PC Entity at a nominal price and a requirement that the PC Entity enter into cash management arrangements providing its PC Entity full dominion over such cash in a manner satisfactory to the Administrative Agent, including sweep agreements, (iii) stock transfer restriction agreements, (iv) non-compete and non-solicit agreements with the primary physician employees and physician owners of the PC Entity responsible for providing all or substantially all of such PC Entity’s professional services, including Holdings, which non-compete and non-solicit agreements shall be in force during the term of each such party’s relationship with the PC Entity and for a period of not less than 24 months following termination of such Person’s relationship with the PC Entity for any reason and (v) such other items that may be required by the Administrative Agent in connection with a PC Entity unless such items do not comply with applicable Laws in the reasonable opinion of health care regulatory counsel for the Borrower.
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Examples of PC Entity Requirements in a sentence

  • If any new Management Services Agreement is entered into after the Closing Date, it shall be compliant in all material respects with the PC Entity Requirements to the extent permissible under applicable Healthcare Laws.

  • If any new Management Services Agreement (or similar agreement, however styled) is entered into after the Closing Date (in accordance with Section 7.10(b)), it shall be compliant with the PC Entity Requirements as reasonably determined by the Administrative Agent in advance and Holdings or the Borrower shall cause a Collateral Assignment of Management Services Agreement in form and substance reasonably satisfactory to the Administrative Agent to be executed and delivered to the Administrative Agent.


More Definitions of PC Entity Requirements

PC Entity Requirements means receipt and satisfactory review by the Administrative Agent of the following related to a PC Entity: (i) ownership structure; (ii) an executed management services agreement, which terms shall include, but not be limited to, acceptable term and termination provisions, prohibitions on assignment by the PC Entity with no restrictions on assignment by the Borrower, purchase provisions allowing the Borrower (or other nominee designated by the Borrower) to buy all assets of the PC Entity at a nominal price and a requirement that the PC Entity enter into cash management arrangements providing its PC Entity full dominion over such cash in a manner satisfactory to the Administrative Agent, including sweep agreements, (iii) stock transfer restriction agreements, (iv) non-compete and non-solicit agreements with the primary physician employees and physician owners of the PC Entity responsible for providing all or substantially all of such PC Entity’s professional services, including Holdings, which non-compete and non-solicit agreements shall be in force during the term of each such party’s relationship with the PC Entity and for a period of not less than 24 months following termination of such Person’s relationship with the PC Entity for any reason and (v) such other items that may be required by the Administrative Agent in connection with a PC Entity unless such items do not comply with applicable Laws in the reasonable opinion of health care regulatory counsel for the Borrower.
Sample 1
PC Entity Requirements means (i) an executed management services agreement with the Borrower or a Guarantor, which terms shall include, but not be limited to, customary term and termination provisions, prohibitions on assignment by the PC Entity with no restrictions on assignment by the Borrower or any Guarantor, purchase provisions allowing the Borrower or a Guarantor (or other nominee designated by the Borrower or a Guarantor) to buy all assets of the PC Entity at a nominal price and a requirement that the PC Entity enter into cash management arrangements with the Borrower or a Guarantor providing such Borrower or Guarantor full dominion over such cash in a customary manner, including customary cash sweep agreements of cash to the Borrower or a Guarantor, (ii) customary stock transfer restriction agreements and
Sample 1

Related to PC Entity Requirements

  • Security Requirements means the requirements regarding the security of Personal Data, as set out in the Data Protection Laws (including, in particular, the seventh data protection principle of the DPA and/ or the measures set out in Article 32(1) of the GDPR (taking due account of the matters described in Article 32(2) of the GDPR)) as applicable;

  • Eligibility Requirements means, with respect to any Person, that such Person (i) has total assets (in name or under management) in excess of $600,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $250,000,000 and (ii) is regularly engaged in the business of making or owning commercial real estate loans or operating commercial mortgage properties.

  • Safety Requirements means Prudent Electrical Practices, CPUC General Order No. 167, Contractor Safety Program Requirements, and all applicable requirements of Law, PG&E, the Utility Distribution Company, the Transmission Provider, Governmental Approvals, the CAISO, CARB, NERC and WECC.

  • Privacy Requirements means all applicable Privacy Laws and all of the Acquired Companies’ policies, notices, and contractual obligations relating to the receipt, collection, compilation, use, storage, processing, sharing, safeguarding, security (technical, physical and administrative), disposal, destruction, disclosure, or transfer (including cross-border) of Personal Information.

  • Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time:

  • Eligibility Requirement means all eligibility requirements and other qualification requirements for a person to act in the applicable Corporate Trust Capacity under any Appointment as set forth in the related Corporate Trust Contract, including any required authorizations or licenses from the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, the Federal Housing Administration, the Federal Home Loan Bank or the Department of Veterans Affairs.

  • Data Security Requirements means, collectively, all of the following to the extent relating to Data Treatment or otherwise relating to privacy, security or security breach notification requirements and applicable to Seller, any IT Systems or any Personal Information: (i) Seller’s own rules, policies, and procedures; (ii) all Laws applicable to Seller; (iii) industry standards applicable to the industry in which Seller operates; and (iv) Contracts to which Seller is a party or otherwise subject.

  • Privacy and Security Requirements means (a) all Privacy Laws; (b) all applicable Privacy Contracts, and (c) all applicable Privacy Policies.

  • Environmental, Health, and Safety Requirements means all federal, state, local and foreign statutes, regulations, and ordinances concerning public health and safety, worker health and safety, and pollution or protection of the environment, including without limitation all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or cleanup of any hazardous materials, substances or wastes, as such requirements are enacted and in effect on or prior to the Closing Date.

  • Environmental and Safety Requirements means all federal, state, local and foreign statutes, regulations, ordinances, codes and other provisions having the force and effect of law, all judicial and administrative orders and determinations, all contractual obligations and all common law concerning public health and safety, worker health and safety, and pollution or protection of the environment, including all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control or cleanup of, or exposure to, any hazardous materials, substances or wastes, chemical substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise or radiation, as previously, now or hereafter in effect.

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • Liquidity Requirement shall have the meaning as set forth in Section 2.12(b).

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • Data Protection Requirements means all applicable (i) Data Protection Laws; (ii) Seller Privacy Policies; (iii) terms of any Contracts relating to the collection, use, storage, disclosure, or cross-border transfer of Personal Data; and (iv) the Payment Card Industry Data Security Standards.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1of RfQ;