Common use of Termination By Business Manager Clause in Contracts

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, revocation or cancellation of any Physician's license to practice medicine in the state of MissouriIllinois; (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, revocation or cancellation of any Physician's license to practice medicine in the state of MissouriIllinois; (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, 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.