New Medical Office Start-Up Costs. (a) The Management Company shall pay, to the extent provided herein, all New Medical Office Start-Up Costs incurred in connection with the establishment of any New Medical Office. The Management Company shall create a separate division (the "New Office Division") for purposes of accounting for the income, costs, profits, and losses of any New Medical Office. The Management Company shall utilize generally accepted accounting principles in determining and accounting for the profits and losses related to the operations of each New Medical Office. Notwithstanding anything to the contrary contained herein, Corporate Overhead shall not be included in determining the costs and expenses associated with any New Medical Office. At the end of the New Medical Office Start-Up Period (as hereinafter defined), (i) the Management Company shall be reimbursed for all of the Management Company Operating Costs incurred by the Management Company for each New Medical Office, (ii) the Management Company shall be entitled to receive the aggregate Management Fee as described in Section 5.4 and (iii) the Medical Group shall be entitled to receive the Annual Medical Group Compensation Amount for such new Medical Office, in each case, as if such New Medical Office had been any other office of the Medical Group during the New Medical Office Start-Up Period; provided, however, that notwithstanding the foregoing, if the aggregate Collections for such New Medical Office during the New Medical Office Start-Up Period is equal to or less than the New Medical Office Start-Up Costs associated with such New Medical Office during the New Medical Office Start-up Period, then (A) the Management Company and the Medical Group shall not be entitled to receive the Management Fee, the Annual Medical Group Compensation Amount, as applicable, or any reimbursement for Management Company Operating Costs and (B) the Management Company shall be responsible for the deficit, if any, associated with such New Medical Office.
New Medical Office Start-Up Costs. (a) The Management Company shall pay all New Medical Office Start-Up Costs incurred in connection with the establishment of any New Medical Office.
New Medical Office Start-Up Costs. (a) The Management Company shall pay, to the extent provided herein, all New Medical Office Start-Up Costs incurred in connection with the establishment of any New Medical Office. The Management Company shall create a separate division (the "New Office Division") for purposes of accounting for the income, costs, profits, and losses of any New Medical Office. The Management Company shall utilize generally accepted accounting principles in determining and accounting for the profits and losses related to the operations of each New Medical Office. Notwithstanding anything to the contrary contained herein, Corporate Overhead shall not be included in determining the costs and expenses associated with any New Medical Office.
New Medical Office Start-Up Costs. (a) Upon the approval of the Operations Committee, a medical office (other than those listed on Schedule 3.2) may be opened (a "New Medical Office"). The Management Company will create a separate division for purposes of accounting for the income, costs, profits, and losses of any New Medical Office ("New Medical Office Division"). The Management Company will pay, to the extent provided herein, all costs associated with the establishment of such New Medical Office other than Medical Group Costs ("New Medical Office Start-Up Costs").
