Principal Credit Agreement. In the event the transaction described herein was to be consummated on the Effective Date (subsequent to all of Buyer’s conditions to Closing described in Article 9 having been satisfied), Buyer’s assumption of the Assumed Liabilities and purchase of the Assets and the Hospital Businesses as described herein, taking into account the matters disclosed in the Schedules on the Effective Date, would not constitute a default under, or result in a breach of any provision of, the Principal Credit Agreement.
Principal Credit Agreement. VHFC represents to Baptist that the provisions of this Agreement have been approved to the extent required, and are permitted, under the Principal Credit Agreement as of the date hereof and agrees that, except with Baptist's prior written consent, the provisions of any amendment, modification, renewal, replacement, restatement or refinancing of or supplement to the Principal Credit Agreement shall be no less favorable to Baptist than the provisions of the Principal Credit Agreement as in effect on the date hereof.
Principal Credit Agreement. VHFC represents to Baptist that the provisions of this Agreement have been approved to the extent required, and are permitted, under the Principal Credit Agreement as of the date hereof and agrees that, except with Baptist's prior written consent, the provisions of any amendment, modification, renewal, replacement, restatement or refinancing of or supplement to the Principal Credit Agreement shall be no less favorable to Baptist than the provisions of the Principal Credit Agreement as in effect on the date hereof. In Witness Whereof, this Shareholders' Agreement is executed as of the date above written. Shareholder Number of Consideration Shares Vanguard Health Financial 8,010 $1,441,800 Company, Inc. By: /s/ Keith B. Xxxxx ------------------------------ Title: Executive Vice President Baptist Health System 1,990 $358,200 By: /s/ Earl G. Xxxxxx ------------------------------ Title: Chairman Total 10,000 $1,800,000
