Common use of NovaMed's Failure to Designate New Shareholder Clause in Contracts

NovaMed's Failure to Designate New Shareholder. In the event that ---------------------------------------------- NovaMed's Medical Director fails to elect to purchase Shares or to designate a New Shareholder as required pursuant to the NovaMed Agreement, the provisions of this Section __ shall not be binding on the Corporation or the Terminating Shareholders.

NovaMed's Failure to Designate New Shareholder. In the event that ---------------------------------------------- NovaMed's Medical Director fails to elect to purchase Shares or to designate a New Shareholder as required pursuant to the NovaMed Agreement, the provisions of this Section ___ shall not be binding on the Corporation or the Terminating Shareholders.