Common use of Insurance Ratings Clause in Contracts

Insurance Ratings. Seller will, at no out-of-pocket cost to Seller, take such action as may reasonably be requested by Buyer to enable Buyer to succeed to the workers’ compensation and unemployment insurance ratings, and other ratings for insurance or other purposes established by Seller for the Hospital Facilities. Buyer shall not be obligated to succeed to any such ratings, except as it may elect to do so.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sunlink Health Systems Inc), Asset Purchase Agreement (Sunlink Health Systems Inc)

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Insurance Ratings. The Seller will, at no out-of-pocket cost to Seller, shall take such all action as may reasonably be requested by Buyer to enable Buyer to succeed to the workers’ compensation Workmen's Compensation and unemployment insurance Unemployment Insurance ratings, insurance policies, deposits and other interests of the Seller with respect to the operation of the Hospital and other ratings for insurance or other purposes established by Seller for the Hospital FacilitiesSeller. Buyer shall not be obligated to succeed to any such ratingsrating, insurance policy, deposit or other interest, except as it may elect to do so.to

Appears in 1 contract

Samples: Asset Purchase Agreement (Province Healthcare Co)

Insurance Ratings. The Seller will, at no out-of-pocket cost to Seller, shall take such all action as may reasonably be requested by Buyer to enable Buyer to succeed to the workers’ compensation Workmen's Compensation and unemployment insurance Unemployment Insurance ratings, insurance policies, deposits and other interests of the Seller with respect to the operation of the Hospital and other ratings for insurance or other purposes established by Seller for the Hospital FacilitiesSeller. Buyer shall not be obligated to succeed to any such ratingsrating, insurance policy, deposit or other interest, except as it may elect to do so.

Appears in 1 contract

Samples: Asset Purchase Agreement (Province Healthcare Co)

Insurance Ratings. Seller will, at no out-of-pocket cost to Seller, shall take such all action as may reasonably be requested by Buyer Purchaser to enable Buyer Purchaser to succeed to the workers’ compensation Workmen’s Compensation and unemployment insurance Unemployment Insurance ratings, insurance policies, deposits and other interests of the Seller with respect to the operation of the Hospital and other ratings for insurance or other purposes established by Seller for the Hospital FacilitiesSeller. Buyer Purchaser shall not be obligated to succeed to any such ratingsrating, insurance policy, deposit or other interest, except as it may elect to do so.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynacq Healthcare Inc)

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Insurance Ratings. Seller will, at no out-of-pocket cost to Seller, will take such all action as may reasonably be requested by Buyer to enable Buyer to succeed to the workers’ compensation and unemployment insurance ratings, and other ratings for insurance or other purposes established by Seller for the Hospital FacilitiesHospital. Buyer shall not be obligated to succeed to any such ratings, except as it may elect to do so.

Appears in 1 contract

Samples: Asset Purchase Agreement (Acadia Healthcare Company, Inc.)

Insurance Ratings. Seller will, at no out-of-pocket cost to Seller, will take such action as may reasonably be all commercially reasonable actions requested by Buyer to enable Buyer Buyer, at Buyer’s expense, to succeed to the workers’ compensation and unemployment insurance ratings, ratings of Seller and other ratings the Hospital Businesses for insurance or other purposes established by Seller for the Hospital Facilitiespurposes. Buyer shall not be obligated to succeed to any such ratingsrating, except as it may elect to do so.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vanguard Health Systems Inc)

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