Termination of Noncompetition Covenants. Upon the later of the dissolution of the Company and the completion of the liquidation process, the Members shall have no continuing liability, or obligation under Section 5.9(b) except that Section 5.9(b) shall continue to be binding upon a Member whose breach of this Agreement caused a dissolution of the Company and any actions for a breach of this Agreement, including a breach of Section 5.9(b), shall not be impaired by the dissolution or completed liquidation.
Termination of Noncompetition Covenants. The Partners shall have no continuing liability, or obligation under Section 5.9(b) after the second (2nd) anniversary of the dissolution of the Partnership; provided that if there is a material breach of this Agreement by the General Partner which is not cured within thirty (30) days thereafter and which results in a dissolution and termination of the Partnership, then the Investor Limited Partners shall have no further liability under Section 5.9(b) after the dissolution and termination of the Partnership.
Termination of Noncompetition Covenants. Upon a dissolution of the Company, the Members shall have no continuing liability, or obligation under Section 5.9(b) except that Section
Termination of Noncompetition Covenants. (a) Members shall have no continuing liability or obligation under Section 5.10 after the second (2nd) anniversary of the earlier of: (i) the dissolution of the Company; or (ii) the date upon which the Company ceases to be licensed to operate an acute care hospital.
Termination of Noncompetition Covenants. 27 ARTICLE VIII
Termination of Noncompetition Covenants. Upon a dissolution of the Partnership, the Partners shall have no continuing liability or obligation under Section 5.9(b) except that Section 5.9(b) shall continue to be binding upon a Partner whose breach of this Agreement caused a dissolution of the Partnership.
Termination of Noncompetition Covenants. In the event that either RBS or Sempra Energy is acquired by another Person, which other Person was not, prior to such acquisition, an Associated Company of such Person, the provisions of Clauses 15.1 and 15.2 shall cease to apply to both RBS and the Sempra Members.
Termination of Noncompetition Covenants. Members shall have no continuing liability or obligation under Section 5.10(b) after the second (2nd) anniversary of the dissolution of the Company.
Termination of Noncompetition Covenants. 26 ARTICLE VIII REMOVAL OR WITHDRAWAL OF MEMBERS AND TRANSFER OF MEMBERS' MEMBERSHIP AND/OR ECONOMIC INTERESTS.........................................27 Section 8.1 Members - Restriction on Transfer.....................................................27 Section 8.2 Condition Precedent to Transfer of Membership Interest................................29 Section 8.3 Substitute Member - Conditions to Fulfill.............................................29 Section 8.4 Allocations Between Transferor and Transferee.........................................29 Section 8.5 Rights, Liabilities of, and Restrictions on Assignee..................................30 Section 8.6 Repurchase of Interests in Certain Event..............................................30 Section 8.7 Death of a Member.....................................................................30 Section 8.8 Marital or Community Property and Divorce.............................................31 ARTICLE IX RECORDS, ACCOUNTINGS AND REPORTS.....................................................................32 Section 9.1 Books of Account......................................................................32 Section 9.2 Access to Records.....................................................................32 Section 9.3 Bank Accounts and Investment of Funds.................................................33 Section 9.4 Fiscal Year...........................................................................33 Section 9.5
Termination of Noncompetition Covenants. Members shall have no continuing liability or obligation under Section 5.10(b) after the second anniversary of the dissolution of the Company; provided that if either (a) as a result of a material default thereunder by SFHM, the Management Services Agreement has been finally terminated after full compliance with the terms thereof or (b) the Company has been dissolved and terminated in accordance with Section 7.2(b) or (e) only, then no Member shall have any obligation arising under Section 5.10 after the dissolution and termination of the Company. Additionally, if the Company has been dissolved and terminated in accordance with Section 7.2(a) then during the two (2) year period thereafter, NCHI and its Affiliates may, directly or indirectly, invest in or own an interest in a hospital located within a one hundred fifty (150) mile radius of the location of the Hospital, which hospital provides or includes CV Services and Facilities, only if each of SFHM and McKennan are provided with the same opportunity to own or invest therein which shall require that they be entitled to own the same percentage interest therein for the same pro rata cost and for the same duration as NCHI except that they shall not be obligated to provide professional medical services.
