Common use of Reformation Clause Clause in Contracts

Reformation Clause. The parties acknowledge that federal and state law and regulations applicable to business transactions in which physicians and other healthcare providers own equity interests in healthcare companies are in a state of flux, and that as such laws and regulations, and interpretations of such laws and regulations by the courts and regulatory authorities, evolve, the transactions contemplated by this Master Transaction Agreement may be prohibited by, or become economically impractical due to, such laws and regulations. If such event occurs, the parties each agree to negotiate in good faith such changes to the structure and terms of the transactions provided for in this Master - 36 - 41 Transaction Agreement as may be necessary to make these transactions, as restructured, lawful under applicable laws and regulations, without materially disadvantaging either party.

Reformation Clause. The parties acknowledge that federal and state law and regulations applicable to business transactions in which physicians and other healthcare providers provides own equity interests in healthcare companies are in a state of flux, and that as such laws and regulations, and interpretations of such laws and regulations by the courts and regulatory authorities, evolve, the transactions contemplated by this Master Transaction Agreement may be prohibited by, or become economically impractical due to, such laws and regulations. If such event occurs, the parties each agree to negotiate in good faith such changes to the structure and terms of the transactions provided for in this Master - 36 - 41 Transaction Agreement as may be necessary to make these transactions, as restructured, lawful under applicable laws and regulations, without materially disadvantaging either party.

Reformation Clause. The parties acknowledge that federal and state law and regulations applicable to physicians, health care organizations, and business transactions in which physicians and other healthcare health care providers own equity interests in healthcare companies participate are in a state of fluxsubject to change, and that as such changes in laws and regulations, and interpretations of such laws and regulations thereof by the courts and regulatory authorities, evolve, authorities may affect the transactions contemplated by this Master Transaction Lease Agreement , i.e., certain aspects of the contemplated transactions may be become prohibited by, or become economically impractical due to, as a result of such laws and regulationschanges. If such event occurs, the parties each agree to negotiate in good faith such changes alterations to the structure and terms of the transactions provided for in under this Master - 36 - 41 Transaction Lease Agreement as may be necessary to make these transactions, as restructured, them lawful under then-applicable laws and regulations, without materially disadvantaging either party.

Reformation Clause. The parties acknowledge that federal and state law and regulations applicable to physicians, health care organizations, and business transactions in which physicians and other healthcare health care providers own equity interests in healthcare companies participate are in a state of fluxsubject to change, and that as such changes in laws and regulations, and interpretations of such laws and regulations thereof by the courts and regulatory authorities, evolve, authorities may affect the transactions contemplated by this Master Transaction Agreement Agreement, i.e., certain aspects of the contemplated transactions may be become prohibited by, or become economically impractical due to, as a result of such laws and regulationschanges. If such event occurs, the parties each agree to negotiate in good faith such changes alterations to the structure and terms of the transactions provided for in under this Master - 36 - 41 Transaction Agreement as may be necessary to make these transactions, as restructured, them lawful under then-applicable laws and regulations, without materially disadvantaging either party.