Common use of Member Documentation Clause in Contracts

Member Documentation. Prior to the execution of this Agreement, NCHI and any other Member (other than SFHM and McKennan) that are Entities (an "Investor Entity") shall have delivered to the Company copies of all documents, instruments and agreements related to the formation, ownership and governance of the Investor Entity and its owners ("the Investor Entity Documents"). None of the Investor Entity Documents will be altered or amended without the consent of the Board of Directors, which consent shall not be unreasonably withheld. Contemporaneously with the Investor Entity's admission as a Member of the Company, the members of the Investor Entity shall each execute an Addendum to Subscription Agreement under which, among other things, those individuals agree to be personally bound by the terms and conditions of Section 5.10 hereof. Additionally (unless such requirement is waived by the Board), the members of the Investor Entity shall also execute a Hospital Professional Services Agreement with the Company and a Right of First Refusal Agreement with an Affiliate of SFHM. No Person shall be admitted hereafter as a member of the Investor Entity unless such Person also executes such Addendum to Subscription Agreement, the Hospital Professional Services Agreement and the Right of First Refusal Agreement so that they are bound thereby to the same extent as are members of the Investor Entity as of the date hereof.

Appears in 2 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

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Member Documentation. Prior to the execution of this Agreement, NCHI and any other Member (other than SFHM and McKennan) the Investor Members that are Entities (an "Investor Entity") shall have delivered to the Company copies of all documents, instruments and agreements related to the formation, ownership and governance of the Investor Entity and its owners ("the Investor Entity Documents"). None of the Investor Entity Documents will be altered or amended without the consent of the Board of Directors, which consent shall not be unreasonably withheld. Contemporaneously with the Investor Entity's admission as a Member of the Company, the members of the Investor Entity shall each execute an Addendum to Subscription Agreement under which, among other things, those individuals agree to be personally bound by the terms and conditions of Section 5.10 hereof. Additionally (unless such requirement is waived by the BoardBoard of Directors), the members of the Investor Entity shall also execute a Hospital Professional Services Agreement with the Company and a Right of First Refusal Agreement with an Affiliate of SFHMLHMI. No Person shall be admitted hereafter as a member of the Investor Entity unless such Person also executes such Addendum to Subscription Agreement, the Hospital Professional Services Agreement and the Right of First Refusal Agreement so that they are bound thereby to the same extent as are members of the Investor Entity as of the date hereof.

Appears in 2 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

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Member Documentation. Prior to the execution of this Agreement, NCHI each Investor Member that is an Entity and any other each Entity with a direct or indirect ownership interest in an Investor Member (other than SFHM and McKennan) that are Entities (each, an "Investor Entity") ”), if any, shall have delivered to the Company DCHMI copies of all documents, instruments and agreements related to the formation, ownership and governance of the Investor Entity and its owners Entities ("the Investor Entity Documents"). None of the Investor Entity Documents will be altered or amended without the consent of the Board of DirectorsDCHMI, which consent shall not be unreasonably withheld. Contemporaneously with the Investor Entity's Members’ admission as a Member Members of the Company, the members of : (i) the Investor Entity Entities shall each execute an Addendum to Subscription Agreement under which, among other things, they agree to be bound by the terms and conditions of Section 5.10 hereof, and no additional Investor Entities shall be admitted as owners of a Member unless such Investor Entities executes an Addendum to Subscription Agreement; and (ii) the Owners shall each execute an Addendum to Subscription Agreement under which, among other things, those individuals agree to be personally bound by the terms and conditions of Section 5.10 hereof. Additionally (unless such requirement is waived by the BoardBoard of Directors), the members of the Investor Entity Owners who are physicians (or their Practices) shall also execute a Hospital Professional Services Agreement with the Company and a Right of First Refusal Agreement with an Affiliate of SFHMthe Company. No Person shall be admitted hereafter as a member an owner of the Investor Entity Members or Investor Entities unless such Person also executes such Addendum to Subscription Agreement, the Hospital Professional Services Agreement and the Right of First Refusal Agreement (Owners who are physicians or their Practices only) so that they are bound thereby to the same extent as are members of the Investor Entity Owners as of the date hereof.

Appears in 1 contract

Samples: Operating Agreement (Medcath Corp)

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