GENERAL COVENANTS OF THE LLC Sample Clauses

GENERAL COVENANTS OF THE LLC. The LLC acknowledges that Doctors Health has undertaken to provide significant assets, facilities and services to the LLC pursuant to this Agreement in reliance upon the LLC's undertaking diligently to engage, and to use its best efforts to cause its physician employees diligently to engage, in the Practice of Medicine. The LLC therefore covenants and agrees that it will diligently engage in the Practice of Medicine in the Baltimore SMA and will use its best efforts to cause its physician employees diligently to engage in, and to devote their full-time professional efforts to, the Practice of Medicine in the Baltimore SMA. The LLC further covenants and agrees that it will use its best efforts to meet or exceed the financial, professional service and other standards established for the LLC in the business plans and budgets prepared for the LLC by Doctors Health and approved by the Management Committee and, in furtherance thereof, will engage, and use its best efforts to cause its physician employees to engage, in the Practice of Medicine in the most efficient and economical manner possible, consistent with all applicable professional and ethical standards and a standard of commercial reasonableness appropriate for application to Medical Practices in the Baltimore SMA, including, specifically, those matters set forth in SECTION 4.d below.
Sample 1
AutoNDA by SimpleDocs
GENERAL COVENANTS OF THE LLC. The LLC acknowledges that the Manager has undertaken to provide significant assets, facilities and services to the LLC pursuant to this Agreement in reliance upon the LLC's undertaking diligently to engage, and to use its best efforts to cause its physician employees diligently to engage, in the Practice of Medicine. The LLC therefore covenants and agrees that it will diligently engage in the Practice of Medicine in Montgomery County and will use its best efforts to cause its physicxxx xxxxxyees diligently to engage in, and to devote their full-time professional efforts to, the Practice of Medicine in Montgomery County. The LLC further covenants and agrees that it wixx xxx xxx best efforts to meet or exceed the financial, professional service and other standards established for the LLC in the business plans and budgets prepared for the LLC by the Manager and approved by the Management Committee and, in furtherance thereof, will engage, and use its best efforts to cause its physician employees to engage, in the Practice of Medicine in the most efficient and economical manner possible, consistent with all applicable professional and ethical standards and a standard of commercial reasonableness appropriate for application to Medical Practices in Montgomery County and any other areas in which the LLC may have pxxxxxxxx practices, including, specifically, those matters set forth in Section 4.g below.
Sample 1

Related to GENERAL COVENANTS OF THE LLC

  • Additional Covenants of the Company The Company further covenants and agrees with each Underwriter as follows:

  • Additional Covenants of the Parties Section 7.1.

  • Additional Covenants of the Seller The Seller hereby covenants and agrees with the Depositor as follows:

  • Additional Covenants of Tenant If, as result of any application or use by Landlord of all or any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the Letter of Credit Amount, Tenant shall, within five (5) business days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of credit in the total Letter of Credit Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this ARTICLE 27, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in this Lease, the same shall constitute an Event of Default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance.

  • ADDITIONAL COVENANTS OF THE STOCKHOLDERS Each Stockholder hereby covenants and agrees that until the termination of this Agreement:

  • Additional Covenants of the Stockholder The Stockholder hereby covenants and agrees that until the termination of this Agreement:

  • NEGATIVE COVENANTS OF THE BORROWERS Until such time as all amounts of principal and interest due to the Bank by a Borrower pursuant to any Loan made to such Borrower is irrevocably paid in full, and until the Bank is no longer obligated to make Loans to such Borrower, such Borrower (for itself and on behalf of its respective Funds) agrees:

  • Additional Covenants of Servicer (a) Unless required by Applicable Law or court order, at the direction of a regulatory authority or, as evidenced by an Opinion of Counsel, in accordance with regulatory guidance, the Servicer will not release the Financed Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (a) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (b) in connection with the repossession and liquidation of such Financed Vehicle or (c) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

  • Additional Covenants and Agreements of the Parties 6.1 IMPLEMENTATION TEAM. The Parties will form a team (the "Implementation Team") to oversee the activities contemplated by this Agreement. The Implementation Team will be comprised of three (3) members from each Party. Each Party will appoint a member representing each of manufacturing, marketing/sales and regulatory. Either Party may change its representative(s) on the Implementation Team at any time by providing prior written notice to the other Party. Unless otherwise agreed to by the Parties, after the Closing Date, the Implementation Team will meet (in person or by telephone or video conference) at least one (1) time each Calendar Quarter upon no less than thirty (30) days prior written notice from one Party to the other to discuss any matters arising out of a Party's performance (or non-performance) of its obligations under this Agreement. The Implementation Team will initially be responsible for creating detailed operational plans for the transition contemplated by this Agreement; provided, however, that the activities contemplated by the foregoing will not take place until after the Closing Date to the extent doing so would be in violation of Applicable Law. The detailed operational plans will include a time line and clear understanding of roles and responsibilities contemplated by this Agreement. The Implementation Team will also have responsibility for coordinating effective communication of progress and issues that arise between the Parties. Special meetings of the Implementation Team may be called by either Party upon no less than thirty (30) days' prior written notice to the other Party, which notice must be accompanied by a written agenda of items to be discussed at such special meeting.

  • Additional Covenants of Stockholder Stockholder hereby covenants and agrees that until the Termination Date:

Time is Money Join Law Insider Premium to draft better contracts faster.