Common use of Management Contracts Clause in Contracts

Management Contracts. Not enter into any agreement whereby the management, supervision or control of its business or any Facility shall be delegated to or placed in any persons other than its governing body and officers, the Borrower or a Consolidated Entity, except that management of the Facility owned by Vanderbilt Xxxxxxxxxx Rehabilitation Hospital, L.P. is vested in part in a Governance Committee and in part in a Subsidiary of the Borrower pursuant to the applicable limited partnership agreement and a management agreement.

Appears in 4 contracts

Samples: Credit Agreement (Healthsouth Corp), Short Term Credit Agreement (Healthsouth Corp), Credit Agreement (Healthsouth Corp)

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Management Contracts. Not enter into any agreement whereby the management, supervision or control of its business or any Facility shall be delegated to or placed in any persons other than its governing body and officers, the Borrower or a Consolidated Entity, except that management of the Facility owned by Vanderbilt Xxxxxxxxxx Rehabilitation Stalxxxxxx Xxhabilitation Hospital, L.P. is vested in part in a Governance Committee and in part in a Subsidiary of the Borrower pursuant to the applicable limited partnership agreement and a management agreement.

Appears in 1 contract

Samples: Short Term Credit Agreement (Healthsouth Corp)

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