Common use of Removal of Certain Guarantees Clause in Contracts

Removal of Certain Guarantees. (a) Removal of Columbia/HCA as Guarantor of LifePoint -------------------------------------------------- Liabilities and Triad Liabilities. Except as otherwise contemplated by the --------------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F hereto, each of Columbia/HCA, LifePoint and Triad shall use its --------- reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, Columbia/HCA (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of Columbia/HCA) removed as a guarantor of, or obligor under or for, any LifePoint Group Liability or Triad Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to LifePoint or Triad (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section 2.4 above. ----------- (b) Removal of LifePoint as Guarantor of Columbia/HCA ------------------------------------------------- Liabilities and Triad Liabilities. Except as otherwise contemplated by the --------------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F hereto, each of Columbia/HCA, LifePoint and Triad shall use its --------- reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, LifePoint (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of LifePoint) removed as a guarantor of, or obligor under or for, any Columbia/HCA Group Liability or Triad Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to Columbia/HCA or Triad (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section 2.4 above. ----------- (c) Removal of Triad as Guarantor of Columbia/HCA Liabilities --------------------------------------------------------- and LifePoint Liabilities. Except as otherwise contemplated by the ------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F hereto, each of Columbia/HCA, LifePoint and Triad shall use its reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, Triad (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of Triad) removed as a guarantor of, or obligor under or for, any Columbia/HCA Group Liability or LifePoint Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to Columbia/HCA or LifePoint (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section ------- 2.4 above. ---

Appears in 2 contracts

Samples: Distribution Agreement (Triad Hospitals LLC), Distribution Agreement (Lifepoint Hospitals LLC)

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Removal of Certain Guarantees. (a) Removal of Columbia/HCA as Guarantor of LifePoint -------------------------------------------------- ------------------------------------------------- Liabilities and Triad Liabilities. Except as otherwise contemplated by the --------------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F I hereto, each of Columbia/HCA, LifePoint and Triad shall use its --------- reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, Columbia/HCA (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of Columbia/HCA) removed as a guarantor of, or obligor under or for, any LifePoint Group Liability or Triad Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to LifePoint or Triad (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section 2.4 above. ----------- (b) Removal of LifePoint as Guarantor of Columbia/HCA ------------------------------------------------- Liabilities and Triad Liabilities. Except as otherwise contemplated by the --------------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F I hereto, each of Columbia/HCA, LifePoint and Triad shall use its --------- reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, LifePoint (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of LifePoint) removed as a guarantor of, or obligor under or for, any Columbia/HCA Group Liability or Triad Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to Columbia/HCA or Triad (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section 2.4 above. ----------- (c) Removal of Triad as Guarantor of Columbia/HCA Liabilities --------------------------------------------------------- and LifePoint Liabilities. Except as otherwise contemplated by the ------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F I hereto, each of Columbia/HCA, LifePoint and Triad shall use its --------- reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, Triad (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of Triad) removed as a guarantor of, or obligor under or for, any Columbia/HCA Group Liability or LifePoint Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to Columbia/HCA or LifePoint (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section ------- 2.4 above. -------------- (d) Indemnification Relating to Guarantees. If (x) Columbia/HCA, -------------------------------------- LifePoint or Triad, or any of their respective Subsidiaries, as the case may be, cannot be removed as a guarantor or obligor as set forth in Section ------- 4.4(a), (b) or (c) above or (y) Liabilities arise from and after the ------ - - - Distribution Date but before a guarantor or obligor with reference to any such Liability is removed pursuant to Section 4.4(a), (b) or (c) above, -------------- - - then such guarantor or obligor shall be indemnified and held harmless for all Liabilities incurred by it in its capacity as guarantor or obligor by (i) Columbia/HCA with respect to any Columbia/HCA Liabilities, (ii) LifePoint with respect to any LifePoint Liabilities, and (iii) Triad with respect to any Triad Liabilities.

Appears in 1 contract

Samples: Distribution Agreement (Lifepoint Hospitals Inc)

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Removal of Certain Guarantees. (a) Removal of Columbia/HCA as Guarantor of LifePoint -------------------------------------------------- Liabilities and Triad Liabilities. Except as otherwise contemplated by the --------------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F I hereto, each of Columbia/HCA, LifePoint and Triad shall use its --------- reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, Columbia/HCA (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of Columbia/HCA) removed as a guarantor of, or obligor under or for, any LifePoint Group Liability or Triad Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to LifePoint or Triad (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section 2.4 above. -----------. (b) Removal of LifePoint as Guarantor of Columbia/HCA ------------------------------------------------- Liabilities and Triad Liabilities. Except as otherwise contemplated by the --------------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F I hereto, each of Columbia/HCA, LifePoint and Triad shall use its --------- reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, LifePoint (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of LifePoint) removed as a guarantor of, or obligor under or for, any Columbia/HCA Group Liability or Triad Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to Columbia/HCA or Triad (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section 2.4 above. -----------. (c) Removal of Triad as Guarantor of Columbia/HCA Liabilities --------------------------------------------------------- and LifePoint Liabilities. Except as otherwise contemplated by the ------------------------- Restructuring Transactions or as specified in any Ancillary Agreement or on Exhibit F I hereto, each of Columbia/HCA, LifePoint and Triad shall use its reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, Triad (and, after giving effect to the Restructuring Transactions and the Distribution, any Subsidiary of Triad) removed as a guarantor of, or obligor under or for, any Columbia/HCA Group Liability or LifePoint Group Liability, as the case may be, including, without limitation, in respect of any agreement (or part thereof) assigned to Columbia/HCA or LifePoint (or, after giving effect to the Restructuring Transactions and the Distribution, any of their respective Subsidiaries) pursuant to Section ------- 2.4 above. ---.

Appears in 1 contract

Samples: Distribution Agreement (Columbia Hca Healthcare Corp/)

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