Common use of New Medical Office Start-Up Costs Clause in Contracts

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, 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 such 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 any reimbursement for Management Company Operating Costs, the Management Fee, Fee or 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, 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, Fee or 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; provided that the aggregate amount of Collections received during the New Medical Office Start-Up Period for such New Medical Office shall belong solely to the Management Company.

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, Fee or 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; provided that the aggregate amount of Collections received during the New Medical Office Start Up Period for such New Medical Office shall belong solely to the Management Company.

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 4.4 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 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, 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 (iiiii) the Medical Group shall be entitled to receive the Annual Medical Group Compensation Amount for such new 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 Net Operating Income of such New Medical Office during for the New Medical Office Start-Up Period is equal to or less than zero, then (A) all of the New Medical Office Start-Up Costs associated with shall be borne solely by the Management Company and such New Medical Office during the New Medical Office Start-up Period, then costs shall be considered Excluded Costs for purposes of this Agreement and (AB) the Management Company and the Medical Group shall not be entitled to receive the Management Fee, Fee or 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.