Hospital Contracts. The five separate lithotripsy services agreements the Partnership has entered into with the Contract Hospitals.
Hospital Contracts. MASIMO will pay a 10% royalty on the fraction of all revenue from the contract signed after January 1, 2009 for the placement of Masimo Licensed Devices (for a committed sensor contract) in relation to the fraction of Enabled rainbow devices compared Masimo Licensed Devices with only Xxxxx Xxxxx Parameters Enabled as follows:
Hospital Contracts. 25 Operation of the Lithotripsy System........................................26 Management.................................................................26 Employees..................................................................27
Hospital Contracts. Every participating hospital provider has a Hospital Agreement executed by both CDPHP and the hospital. The Agreement generally includes various Schedules and attachments that specify the responsibilities of the parties and terms of reimbursement to the hospital for services rendered for various CDPHP programs.
Hospital Contracts. Xxxxx South Florida
Hospital Contracts. Attached hereto as Schedule 5.13 is a list of all Contracts to which either the Company, Seller or an Affiliate of Seller (the “Contract Party”) is a party and that are related to the operation of the Hospital, including all provider network agreements, clinical affiliation agreements, business associate agreements, medical director agreements, consulting agreements, management services agreements, professional services agreements, transfer agreements, recruitment agreements, employment agreements, real estate lease agreements, personal property lease agreements, supply agreements, advertising agreements, and software, data, and content license agreements. Contracts which are listed on Schedule 5.13 are referred to herein collectively as the “Hospital Contracts.” For each Contract listed on Schedule 5.13, Schedule 5.13 clearly identifies those Contracts that are Excluded Contracts which, as set forth in Section 11.9, will not be available to the Hospital after Closing. Each Hospital Contract (i) is valid and existing (or constitutes a month-to-month Contract under which goods or services are being provided after the expiration of its original term), and the Contract Party has duly performed in all material respects its obligations under each Hospital Contract to which it is a party to the extent that such obligations to perform have accrued and (ii) except for any breaches resulting from the failure to obtain the consent or approval of the counterparty thereto related to the transactions contemplated under this Agreement, no material breach or default, alleged material breach or default, or event which would (with the passage of time, notice or both) constitute a material breach or default under any Hospital Contract by the Contract Party or, to the knowledge of Seller, and except as set forth on Schedule 5.13, any other party or obligor with respect thereto, has occurred, provided that no representation is made with respect to any breach of any Hospital Contract arising from the failure to obtain any third party consent (or give any third party notice) required in connection with the transactions contemplated by this Agreement. Schedule 5.13 identifies those Hospital Contracts (including Leases) with change of control provisions that give or grant the counterparty thereto (i.e., the non-Contract Party) a consent or termination right as a result of the transactions contemplated by this Agreement. Seller has made available to Buyer true and correct copies o...
Hospital Contracts. The General Partner is party to separate contracts for the provision of lithotripsy services (the "Hospital Contracts") to 31 hospitals in the Service Area (the "Contract Hospitals"). Eighteen Hospital Contracts grant the General Partner the exclusive right to deliver lithotripsy services to the relevant Contract Hospital. The Hospital Contracts generally require the General Partner to make a lithotripter available at the Contract Hospitals for use by physicians making appropriate arrangements with the Contract Hospitals. The General Partner also generally provides a technician and certain ancillary services such as scheduling and disposable medical products necessary for the lithotripsy procedure. The Hospital Contracts provide that the General Partner receives a per procedure fee. The hospitals and clinics are responsible for billing and collecting their own fees from all insurance payors. See "Risk Factors - Operating Risks - Impact of Insurance Reimbursement" and "Competition." Pursuant to the Contribution Agreement, the General Partner will contribute to the Partnership the General Partner's rights and obligations with respect to all of the Hospital Contracts except the Lake Cumberland Regional Hospital agreement which the General Partner is obligated to assign to one of its Affiliates. Most of the Hospital Contracts provide that they are automatically renewed on a year-to-year basis unless notice is given 90 days prior to the end of the relevant renewal term. In addition, most of the Hospital Contracts are terminable upon 90 days written notice by either party without cause and/or upon the occurrence of customary events of default. Certain Hospital Contracts have continued beyond their stated terms and applicable renewal periods and could be canceled at any time. Bxxxxx Memorial Hospital (contracted with competing vendor), Middle Tennessee Medical Center (leased its own equipment with plans to purchase in 1999), Columbia Outpatient Surgery, Inc. (contracted with competing vendor) and North Side Hospital (acquired its own equipment) each have terminated lithotripsy services contracts with the General Partner within the last year. The General Partner believes it has a good relationship with many of the contracting parties and does not anticipate significant cancellations. There is no assurance, however, that such cancellations will not occur. With the exception of the Cumberland Medical Center Agreement, none of the Hospital Contracts requires the Gene...
Hospital Contracts. Schedule 4.6 contains a complete and accurate list of (i) each existing agreement between a Partnership and a hospital for the use of the Partnership's lithotripsy services, (ii) the dates on which such agreements were entered into, (iii) the term of each such agreement and (iv) the fees payable under each such agreement.
Hospital Contracts. Each Seller shall attempt (with Buyer's guidance) to establish or modify existing contractual arrangements with its participating hospitals to meet the structural design that Buyer customarily seeks in hospital arrangements.
Hospital Contracts. Each Seller shall have entered into a participating hospital agreement meeting the requirements set forth in Schedule 10.16.
