Common use of Capital Improvements and Expansion Clause in Contracts

Capital Improvements and Expansion. The Policy Board shall review all requests by Princeton II for any renovations, capital improvements, expansions and new equipment purchases or leases. The Policy Board shall determine whether such expenditures are appropriate based upon economic feasibility, physician support, productivity, market conditions, and the annual budget formulated pursuant to this Agreement. If the Policy Board determines that the acquisition of additional equipment or facilities is appropriate, then Company shall use its best efforts to arrange for the financing and acquisition of the property. Governance issues affecting the Policy Board shall be addressed in accordance with the rules set forth in Exhibit 4.1.

Capital Improvements and Expansion. The Policy Board shall review all requests by Princeton VERO II for any renovations, capital improvements, expansions and new equipment purchases or leases. The Policy Board shall determine whether such expenditures are appropriate based upon economic feasibility, physician support, productivity, market conditions, and the annual budget formulated pursuant to this Agreement. If the Policy Board determines that the acquisition of additional equipment or facilities is appropriate, then Company shall use its best efforts to arrange for the financing and acquisition of the property. Governance issues affecting the Policy Board shall be addressed in accordance with the rules set forth in Exhibit 4.1.

Capital Improvements and Expansion. The Policy Board shall review all requests by Princeton II ROAII for any renovations, capital improvements, expansions and new equipment purchases or leases. The Policy Board shall determine whether such expenditures are appropriate based upon economic feasibility, physician support, productivity, market conditions, and the annual budget formulated pursuant to this Agreement. If the Policy Board determines that the acquisition of additional equipment or facilities is appropriate, then Company shall use its best efforts to arrange for the financing and acquisition of the property. Governance issues affecting the Policy Board shall be addressed in accordance with the rules set forth in Exhibit 4.1.