No Sale of Medical Assets; Other Excluded Assets. The Company shall not sell, convey, assign, transfer or deliver to Vision 21, and Vision 21 shall not be obligated to purchase, accept or acquire (or make any payments or otherwise discharge any liability or obligation of the Company with respect to), the Medical Assets of the Company as set forth on Schedule 2.2 and those other assets listed on the other Schedules attached hereto which by law cannot be acquired by Vision 21 which shall also be deemed to include (a) life insurance policies covering the life of any employee of the Company, and (b) personal effects listed on Schedule 2.2(b); and (c) cash and cash equivalents in banks, certificates of deposit, commercial paper and securities owned by the Company (but excluding cash held in registers or pettx xxxh drawers on the Closing Date); and (d) those assets of which the entire costs of maintenance are deemed to be "Practice Expenses" as defined in the Business Management Agreement.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Vision Twenty One Inc), Asset Purchase Agreement (Vision Twenty One Inc), Asset Purchase Agreement (Vision Twenty One Inc)
