FINANCIAL AND OPERATIONAL COMMITMENTS TO GH Sample Clauses

FINANCIAL AND OPERATIONAL COMMITMENTS TO GH. 6.1 GH’s Capital Plan. Following Closing, RH will support necessary hospital, ambulatory facility, technology and other strategic and routine capital for GH (and its Controlled Affiliates), consistent with the amounts described below. GH’s capital plan will be developed in a manner that ensures maintaining high-quality GH facilities and infrastructure, as part of RH’s overall capital planning process, and all capital plan amounts will be inclusive of both routine and strategic capital projects. 6.1.1 For the period January 1, 2024 through December 31, 2028 (the “Capital Commitment Period”), RH will make available capital of no less than Two Billion Six Hundred Million Dollars ($2,600,000,000) (inclusive of funds generated locally through GH or its Controlled Affiliates and through RH) (the “Baseline Capital Commitment”) or such higher amount as RH may determine to be prudent in its discretion, subject to the terms set forth in this Section 6.1. 6.1.2 If GH does not meet the annual Cash Flow expectations (with “Cash Flow” defined as operating earnings before interest, depreciation, and amortization, less capital expenditures) attached hereto at Schedule 6.1.2 (the “Cash Flow Expectations”) during any year of the Capital Commitment Period, then the Baseline Capital Commitment may, subject to the RH Board’s reasonable discretion, be reduced by the RH Board in an amount up to the amount of such shortfall; provided, however, that, should GH exceed the annual Cash Flow Expectations in a subsequent year, the Baseline Capital Commitment may, subject to the RH Board’s reasonable discretion, once again be increased by the RH Board in an amount equal to or greater than such excess; provided further that in no event will the Baseline Capital Commitment be reduced below Two Billion Dollars ($2,000,000,000) or above Two Billion Six Hundred Million Dollars ($2,600,000,000), provided, however, that the amount could be higher as provided in Section 6.1.1 above. 6.1.3 Should Closing occur after January 1, 2024, the Baseline Capital Commitment shall be reduced by the amount of capital actually expended by GH between January 1, 2024 and Closing. 6.1.4 For the avoidance of doubt, the Cash Flow Expectations shall be based upon the operating Cash Flow of GH and its Controlled Affiliates and shall exclude agreed upon service area expansion investments and associated Cash Flow in accordance with Section 6.3 below in an amount no greater than One Hundred Twenty Million Dollars ($12...
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Related to FINANCIAL AND OPERATIONAL COMMITMENTS TO GH

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Contractual and Operational Compliance Audits (a) ICANN may from time to time (not to exceed twice per calendar year) conduct, or engage a third party to conduct, contractual compliance audits to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. Such audits shall be tailored to achieve the purpose of assessing compliance, and ICANN will (a) give reasonable advance notice of any such audit, which notice shall specify in reasonable detail the categories of documents, data and other information requested by ICANN, and (b) use commercially reasonable efforts to conduct such audit during regular business hours and in such a manner as to not unreasonably disrupt the operations of Registry Operator. As part of such audit and upon request by ICANN, Registry Operator shall timely provide all responsive documents, data and any other information reasonably necessary to demonstrate Registry Operator’s compliance with this Agreement. Upon no less than ten (10) calendar days notice (unless otherwise agreed to by Registry Operator), ICANN may, as part of any contractual compliance audit, conduct site visits during regular business hours to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. ICANN will treat any information obtained in connection with such audits that is appropriately marked as confidential (as required by Section 7.15) as Confidential Information of Registry Operator in accordance with Section 7.15.

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Management and Operation of Business Section 7.1 Management 47 Section 7.2 Certificate of Limited Partnership 48 Section 7.3 Restrictions on Managing General Partner’s Authority 49 Section 7.4 Reimbursement of the Managing General Partner 49 Section 7.5 Outside Activities 50 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 51 Section 7.7 Indemnification 53 Section 7.8 Liability of Indemnitees 54 Section 7.9 Resolution of Conflicts of Interest 55 Section 7.10 Other Matters Concerning the Managing General Partner 57 Section 7.11 Purchase or Sale of Partnership Securities 57 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 57 Section 7.13 Reliance by Third Parties 59

  • Financial Condition of the Borrower The Loans may be made to the Borrower without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower at the time of such grant. Each Guarantor has adequate means to obtain information from the Borrower on a continuing basis concerning the financial condition of the Borrower and its ability to perform its obligations under the Loan Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the Borrower and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations.

  • OFFICE OF MANAGEMENT AND BUDGET (OMB) AUDIT REQUIREMENTS The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98-502, ensuring that the single audit report includes the coverage stipulated in 2 CFR 200.

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  • Additional Conditions to Letters of Credit If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.3 shall have been satisfied.

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