Termination By Business Manager. Business Manager may terminate ------------------------------- this Management Services Agreement upon the occurrence of any one of the following events which shall be deemed to be "for cause:"
(i) The suspension, restriction, revocation or cancellation of any Physician's license to practice medicine in the state of Missouri;
(ii) Practice's loss or suspension of its Medicare or Medicaid provider number, and/or Practice's restriction from treating patients of the Medicare or Medicaid programs;
(iii) The dissolution of Practice or the filing by Practice of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily under any state or federal statute for the protection of debtors;
(iv) The filing against Practice of an involuntary petition under any bankruptcy statute, or the appointment of a custodian, receiver, trustee or assignee for the benefit of creditors, and such condition shall continue undischarged or undismissed for sixty (60) days; and
(v) Practice materially defaults in the performance of any of its material duties or obligations hereunder, and shall fail to cure such default within sixty (60) days after Practice receives notice from Business Manager specifying the nature of such default.
Termination By Business Manager. Business Manager may terminate ------------------------------- this Management Services Agreement upon the occurrence of any one of the following events which shall be deemed to be "for cause:"
(i) The suspension, restriction materially impairing Physician's ability to practice medicine, revocation or cancellation of any Physician-Shareholder's l icense to practice medicine in the Commonwealth of Virginia;
(ii) Practice's loss or suspension of its Medicare or Medicaid provider number (excluding any such loss or suspension which is attributable to Business Manager's acts or omissions), and/or Practice's restriction from treating patients of the Medicare or Medicaid programs;
(iii) The dissolution of Practice or the filing by Practice of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily under any state or federal statute for the protection of debtors;
(iv) The filing against Practice of an involuntary petition under any bankruptcy statute, or the appointment of a custodian, receiver, trustee or assignee for the benefit of creditors, and such condition shall continue undischarged or undismissed for ninety (90) days; and
(v) Practice materially defaults in the performance of any of its material duties or obligations hereunder, and shall fail to cure such default within sixty (60) days after Practice receives notice from Business Manager specifying the nature of such default; provided, however, that in -------- ------- the event such breach is of a nature that it cannot reasonably be cured within such sixty (60) day period, then Business Manager may terminate this Agreement only if Practice shall fail to commence to cure such default within such sixty (60) day period and thereafter to proceed diligently to cure such default; provided further, that irrespective of Practice's -------- ------- diligent efforts to cure such default, Business Manager may terminate this Agreement if Practice fails to cure such default within one hundred twenty (120) days after Practice received the original notice from Business Manager specifying the nature of such default.
Termination By Business Manager. Subject to Section 7.2(c), Business Manager may only terminate this Management Services Agreement either without cause upon ninety (90) days' written notice to PC, or upon the occurrence of any one of the following events which shall be deemed to be "for cause":
(i) The dissolution of PC or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors;
(ii) PC materially defaults in the performance of any of its material duties or obligations hereunder, and such default continues for thirty (30) days after PC receives notice of the default.
Termination By Business Manager. Business Manager may immediately terminate this Agreement at its discretion, upon written notice pursuant to Section 8.3, as follows:
i) If the Practice becomes insolvent by reason of its inability to pay its debts as they mature; is adjudicated bankrupt or insolvent; files a petition in bankruptcy, reorganization or similar proceeding under the bankruptcy laws of the United States or shall have such a petition filed against it which is not discharged within thirty (30) days; has a receiver or other custodian, permanent or temporary, appointed for its business, assets or property; makes a general assignment for the benefit of creditors; has its bank accounts, property or accounts attached; has execution levied against its business or property; or voluntarily dissolves or liquidates or has a petition filed for corporate dissolution and such petition is not dismissed with thirty (30) days; or
ii) If the Practice fails to comply with any material provision of this Agreement, or any other agreement with Business Manager, and does not correct such failure within sixty (60) days after written notice of such failure to comply is delivered by Business Manager specifying the nature of the breach in reasonable detail.
Termination By Business Manager. Business Manager may ------------------------------- terminate this Management Services Agreement upon the occurrence of any one of the following events which shall be deemed to be "for cause:"
(i) The suspension, restriction, revocation or cancellation of any Physician-Shareholder license to practice medicine in the state of Indiana (excluding, however, any suspension, restriction, revocation or cancellation due to the death or disability of any Physician- Shareholder;
(ii) Practice's loss or suspension of its Medicare or Medicaid provider number, and/or Practice's restriction from treating patients of the Medicare or Medicaid programs;
(iii) The dissolution of Practice or the filing by Practice of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily under any state or federal statute for the protection of debtors;
(iv) The filing against Practice of an involuntary petition under any bankruptcy statute, or the appointment of a custodian, receiver, trustee or assignee for the benefit of creditors, and such condition shall continue undischarged or undismissed for sixty (60) days; and
(v) Practice materially defaults in the performance of any of its material duties or obligations hereunder, and shall fail to cure such default within sixty (60) days after Practice receives notice from Business Manager specifying the nature of such default.
Termination By Business Manager. Business Manager may terminate this Services Agreement upon the occurrence of any one of the following events which shall be deemed to be "for cause":
(i) The revocation, suspension, cancellation or restriction of any Medical Group shareholder Physician's license to practice medicine in the State if, in the reasonable discretion of the Business Manager, Medical Group will not be financially viable after such revocation, suspension, cancellation, or restriction;
(ii) Medical Group's loss or suspension of its Medicare or Medicaid provider number, and/or Medical Group's restriction from treating beneficiaries of the Medicare or Medicaid programs, or such successor programs;
(iii) The dissolution of Medical Group or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors;
(iv) Medical Group materially defaults in the performance of any of its material duties or obligations hereunder, and such default continues for sixty (60) days after Medical Group receives notice of the default.
Termination By Business Manager. Subject to Section 6.2(c), Business ------------------------------- Manager may only terminate this Management Services Agreement either without cause upon 90 days' written notice to PC, or upon the occurrence of any one of the following events which shall be deemed to be "for cause":
(i) The dissolution of PC or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors and such proceeding or case shall continue undismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of 60 days;
(ii) PC materially defaults in the performance of any of its material duties or obligations hereunder, and such default continues for thirty (30) days after PC receives notice of the default.
Termination By Business Manager. Business Manager may terminate this Management Services Agreement upon the occurrence of any one of the following events which shall be deemed to be "for cause:"
(i) The suspension, restriction, revocation or cancellation, within a one-year period, for a period of greater than one hundred eighty (180) days, of any three (3) or more Physicians' licenses to practice medicine in the States of Missouri and/or Kansas;
(ii) Practice's loss or suspension of its Medicare or Medicaid provider number, and/or Practice's restriction from treating patients of the Medicare or Medicaid programs for a period of six (6) months;
(iii) The dissolution of Practice (other than in connection with a reorganization of Practice), or the filing by Practice of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily under any state or federal statute for the protection of debtors;
(iv) The filing against Practice of an involuntary petition under any bankruptcy statute, or the appointment of a custodian, receiver, trustee or assignee for the benefit of creditors, and such condition shall continue undischarged or undismissed for sixty (60) days; and
(v) Practice materially defaults in the performance of any of its material duties or obligations hereunder, and shall fail to cure such default within sixty (60) days after Practice receives notice from Business Manager specifying the nature of such default.
Termination By Business Manager. Business Manager may immediately -------------------------------- terminate this Agreement at its discretion, upon written notice pursuant to Section 8.3, as follows:
(i) if the Practice becomes insolvent by reason of its inability to pay its debts as they mature; is adjudicated bankrupt or insolvent; files a petition in bankruptcy, reorganization or similar proceeding under the bankruptcy laws of the United States or shall have such a petition filed against it which is not discharged within thirty (30) days; has a receiver or other custodian, permanent or temporary, appointed for its business, assets or property; makes a general assignment for the benefit of creditors; has its bank accounts, property or accounts attached; has execution levied against its business or property; or voluntarily dissolves or liquidates or has a petition filed for corporate dissolution and such petition is not dismissed with thirty (30) days; or
(ii) if the Practice fails to comply with any material provision of this Agreement, or any other agreement with Business Manager, and does not correct such failure within sixty (60) days after written notice of such failure to comply is delivered by Business Manager specifying the nature of the breach in reasonable detail. However, in the event that as of the 60th day the Practice is diligently working to cure the material breach and there is a reasonable likelihood that the same will be cured within a reasonable period of time and without a material adverse result to the Business Manager, reasonable additional time to cure such breach shall be provided to the Practice.
Termination By Business Manager. Business Manager may terminate this Management Services Agreement upon the occurrence of any one of the following events which shall be deemed to be "for cause":
(i) The revocation, suspension, cancellation or restriction of any New PA shareholder Physician's license to practice medicine in the State if, in the reasonable discretion of the Business Manager, New PA will not be financially viable after such revocation, suspension, cancellation, or restriction;
(ii) New PA's loss or suspension of its Medicare or Medicaid provider number, and/or New PA's restriction from treating beneficiaries of the Medicare or Medicaid programs, except as effected in connection with the formation and operation of Global P;
(iii) The dissolution of New PA or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors;
(iv) New PA materially defaults in the performance of any of its material duties or obligations hereunder, and such default continues for sixty (60) days after New PA receives notice of the default.
