Common use of Practice-Related Insurance Requirements Clause in Contracts

Practice-Related Insurance Requirements. The Consolidated Entities shall maintain insurance for claims, however characterized, against them in connection with the provision of medical services by Providers and/or ancillary services provided by them at Practices covered by Service Agreements, in an amount of at least Five Hundred Thousand and No/100 Dollars ($500,000.00) per occurrence and One Million and No/100 Dollars ($1,000,000.00) in the aggregate for Providers who are physicians, which insurance shall name Lenders (or Agent on behalf of Lenders) as additional insureds. The Consolidated Entities shall further cause each Provider to maintain medical malpractice insurance of at least Five Hundred Thousand and No/100 Dollars ($500,000.00) per occurrence and One Million and No/100 Dollars ($1,000,000.00) in the aggregate.

Appears in 3 contracts

Samples: Loan Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc), Loan Agreement (Seafield Capital Corp)

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Practice-Related Insurance Requirements. The Consolidated Entities shall maintain insurance for claims, however characterized, against them in connection with the provision of medical services by Providers and/or ancillary services provided by them at Practices covered by Service Agreements, in an amount of at least Five Hundred Thousand and No/100 Dollars ($500,000.00) per occurrence and One Million and No/100 Dollars ($1,000,000.00) in the aggregate for Providers who are physicians, which insurance shall name Lenders (or Agent on behalf of Lenders) as additional insureds. The Consolidated Entities shall further cause each Provider to maintain medical malpractice insurance of at least Five Hundred Thousand and No/100 Dollars ($500,000.00) per occurrence and One Million and No/100 Dollars ($1,000,000.00) in the aggregate.and

Appears in 1 contract

Samples: Credit Agreement (Response Oncology Inc)

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