New CEA Sample Clauses

New CEA. OLHS-NL, LSU and the State, acting through DOA, will be parties to the New CEA. Key provisions of the New CEA will include, but will not necessarily be limited to, (a) defining the Public Purpose; (b) establishing the level of Adequate Public Funding; (c) the State’s and DOA’s agreement to fully indemnify OLHS-NL, LSU and Ochsner, as a third-party beneficiary, for any and liabilities associated with the operations of the Hospitals prior to the closing date of the MITA; (d) providing for the ability of the OLHS-NL Board to terminate its participation in the New CEA in accordance with the terms of the New CEA; and (e) providing for the ability of LSU and/or the State to terminate its participation in the New CEA and an appropriate process to be followed upon such termination if LSU and/or the State determines, exercising their discretion reasonably and in good faith, that the Public Purpose is not being served by the New CEA as required by the Louisiana Constitution.
Sample 1
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