Common use of Sale, Merger or Transfer Clause in Contracts

Sale, Merger or Transfer. In the event the Medical Center mergers, is sold, leased, or otherwise transferred to be operated by another person or firm, the Medical Center shall have an affirmative duty to call this Agreement to the attention of such firm or individual and, if such notice is so given, the Medical Center shall comply with all laws and statutory requirements in effect at the time of the sale, merger or transfer. The Medical Center will also provide notice to the union of any such sale, lease or transfer at least one hundred and twenty (120) days prior to the closing date.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Sale, Merger or Transfer. In the event the Medical Center mergersmerges, is sold, leased, or otherwise transferred to be operated by another person or firm, the Medical Center shall have an affirmative duty to call this Agreement to the attention of such firm or individual and, if such notice is so given, the Medical Center shall comply with all laws and statutory requirements in effect at the time of the sale, merger or transferhave no further obligation hereunder. The Medical Center will also provide notice to the union Association of any such sale, lease or transfer at least one hundred and twenty ninety (12090) days prior to the closing date.

Appears in 2 contracts

Samples: Professional Agreement, Professional Agreement

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Sale, Merger or Transfer. In the event the Medical Center mergers0 Xxxxxx xxxxxx, is sold, leased, or otherwise transferred to be 4 operated by another person or firm, the Medical Center shall have an 5 affirmative duty to call this Agreement to the attention of such firm or 6 individual and, if such notice is so given, the Medical Center shall comply with all laws and statutory requirements in effect at the time of the sale, merger or transfer7 have no further obligation hereunder. The Medical Center will also 8 provide notice to the union Association of any such sale, lease or transfer at 9 least one hundred and twenty ninety (12090) days prior to the closing date.

Appears in 1 contract

Samples: Compensation Agreement

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