Medical Clinics; Corporate Offices; Closures and Lease Terminations Sample Clauses

Medical Clinics; Corporate Offices; Closures and Lease Terminations. StarCare currently owns and operates the Medical Clinics located at 0000 Xxxxx Xxxxxx, Xxxxxxx, XX (the “Anaheim Clinic”), 000 Xxxxx Xxxxxxx Xxxxx Xx., Xxxxx 000, Xxxxxxx, XX (the “Anaheim Hills Clinic”) and 000 X. Xxxxxx Xxxxxx, Xxxxxxx, XX (the “Euclid Clinic”). StarCare currently retains records relating to such Medical Clinics in the Clinic Storage Space (defined below). StarCare currently operates one of two corporate offices of the Gateway Parties out of the same premises as the Euclid Clinic is located (the “Euclid Corporate Office”). The Gateway Parties currently operate a second corporate office (the “Fitch Corporate Office”) located at 00000 Xxxxx, Xxxxxx, XX (the “Fitch Property”) pursuant to a lease between Pinnacle and the Shareholder, who owns the Fitch Property (the “Fitch Lease”). The Fitch Lease will be terminated as of the Closing Date and Pinnacle will enter into a new lease which meets the requirements of Section 6.2(b) hereof (“New Fitch Lease”) and which shall serve as the Fitch Corporate Office during the term of the New Fitch Lease. StarCare previously owned but has closed the Medical Clinics located at 00000 Xxxxxx Xxxx, Xx Xxxxxx, XX (the “La Mirada Clinic”) and 00000 Xxxxx Xxxx., Xxxxxxx, XX (the “Stanton Clinic”). The Anaheim Clinic, the Anaheim Hills Clinic, the Euclid Clinic, the La Mirada Clinic, and the Stanton Clinic represent all of the Medical Clinics currently owned or closed by StarCare. Exclusive only of currently unknown malpractice claims which are covered by a current claims made policy and/or tail insurance now in existence and/or claims shown on Schedule 2.15 (subject only to standard deductibles and the policy limits of such policies), all liabilities or other obligations of the La Mirada Clinic and the Xxxxxxx Clinic have either been paid or have been properly accrued on the Financial Statements. At Closing, StarCare shall have no liabilities or other obligations whatsoever which have not either been paid or properly accrued on the Financial Statements in connection with the La Mirada Clinic and the Xxxxxxx Clinic. The only liabilities or other obligations of the La Mirada Clinic and Xxxxxxx Clinic which remain as a liability or other obligation of StarCare is an obligation arising after Closing to pay monthly rent to Medical Management Group in the approximate amount of $3,000.00 (as the same may be adjusted over time), which rent equates to 33% of the Base Rent and Additional Rent as and when the same are due ...
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