DEVELOPMENTS OUTSIDE OF NORTH TEXAS Sample Clauses

DEVELOPMENTS OUTSIDE OF NORTH TEXAS. USP and Baylor acknowledge and agree that the THVG1 Regulations and 39 the THVG2 Regulations include certain restrictions on their ability to own and operate outpatient surgical facilities within the North Texas Region. In addition, from time to time during the period beginning on the date hereof and ending on June 1, 2002, Baylor and its Affiliates may (but shall not be obligated to) make introductions and otherwise assist USP and its Affiliates in locating potential development or acquisition opportunities for outpatient surgical facilities outside of the North Texas Region. If USP or any of its Affiliates develops or acquires an outpatient surgical facility as a result of or in connection with an opportunity so presented to USP by Baylor or its Affiliates, and if USP or any Affiliate was not already involved in sharing information related to the opportunity prior to such presentation to USP, USP will pay Baylor a fee equal to the lesser of $100,000 or 3% of the capital cost incurred by USP and its Affiliates in acquiring or developing such outpatient surgical facility. Any such fee shall be payable in cash concurrently with the acquisition of or, in the case of a development, the opening of such surgical facility. In order for Baylor to receive credit for this fee, Baylor must present the opportunity in writing and disclose Baylor's relationship (if any) with the project. USP will respond in writing to all such opportunities presented by Baylor within 30 days after the receipt of such written information. If Baylor has or acquires any ownership interest in, or is to receive any other fee with respect to, the acquisition or development of the proposed outpatient surgical facility, no fee shall be payable to Baylor pursuant to this Section 13.10.
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