Automatic Substitution Sample Clauses

Automatic Substitution. Notwithstanding the provisions of Section 10.4, any Member may Transfer his or her Membership Interest without the consent of the Members to the Member’s spouse or descendants or to a trust for the benefit of the Member’s spouse or descendants or to a family limited partnership that includes the Member, spouse, children or direct descendants of the Member. This Transfer of a Membership Interest may not be effected unless and until the Members receive on behalf of the Company the consents and instruments required by Section 10.1(a). The Transferee will become a substituted Member without further action by the Members.

Automatic Substitution. By initialing where indicated below, the undersigned Participating Member hereby authorizes and directs its Authorized Distributors to automatically substitute any generically equivalent Product covered under the above-referenced Group Purchasing Agreement in lieu of any Product described in such Participating Member’s purchase orders which is not covered under such agreement. The undersigned Participating Member hereby elects to invoke Automatic Substitution: Participating Member’s Initials: Participating Member’s Primary Distributor: Secondary Distributor: The undersigned Participating Member hereby acknowledges and confirms the above designations. Hospital/GPO Print Name of Person Signing Contractor Print Name of Person Signing Signature Signature Title of Person Signing Title of Person Signing Phone Number Date Signed E-mail Address Date Signed Entity Code Print Name of Participating Member Address City and State Upon completion, please submit this form to both Contractor and Premier. Contractor Information – Fax: 000-000-0000 Premier, Inc. – Fax: 000.000.0000 SCHEDULE 1 LIST OF PARTICIPATING MEMBER’S or GPO’s FACILITIES (For Purposes of Implementing the Aggregation Pricing Option) [TO BE COMPLETED BY THE PARTICIPATING MEMBER AND GPO UPDATED ON AN ANNUAL BASIS] System name:

Automatic Substitution. ‌ The Wholesaler will only be permitted to use automatic substitution upon specific request by a MMCAP Participating Facility, with prior written notification provided by the Wholesaler to MMCAP. In such permitted instances where the Wholesaler uses an automatic substitution process, the MMCAP Participating Facility must be notified of the substitution and the substituted Product must be annotated as such on the MMCAP Participating Facility’s Order Confirmation. Once such an agreement is entered into between the Wholesaler and the MMCAP Participating Facility, the Wholesaler will be required to maintain an Adequate Supply of the alternate Product. There will be no commitment to buy the alternate Product and any order consisting of alternate Products will still require the prior approval of the MMCAP Participating Facility. Automatic substitution by the Wholesaler without the MMCAP Participating Facility’s prior approval is strictly prohibited, and subject to potential breach of contract remedies. Upon request, the Wholesaler will supply MMCAP with a list of facilities using automatic substitution.

Automatic Substitution