Common use of Transactions with Affiliated Practices Clause in Contracts

Transactions with Affiliated Practices. In the event that SCN shall within a period commencing on the Closing Date and ending December 31, 1999, close a transaction with an Affiliated Practice which is substantially similar to the restructuring transaction contemplated by this Agreement (a "Restructuring Transaction"), and, taken as a whole, the financial terms of such other Restructuring Transaction are materially more favorable to any Affiliated Practice (and its Physician Owners) than the financial terms, taken as a whole, of the restructuring transaction contemplated by this Agreement, then in such event SCN shall modify the financial terms of this Agreement in such manner as SCN shall reasonably determine so that the financial terms of the restructuring transaction contemplated by this Agreement for DDD and the Physician Owners shall be no less favorable, when taken as a whole, than the Restructuring Transaction undertaken with respect to any other Affiliated Practice. For these purposes, the term "Affiliated Practice" shall refer to any physician medical practice (other than DDD) which, as of December 1, 1998, had in effect with SCN an agreement substantially similar to the Service Agreement.

Appears in 1 contract

Samples: Restructure Agreement (Specialty Care Network Inc)

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Transactions with Affiliated Practices. In the event that SCN shall within a period commencing on the Closing Date and ending December 31, 1999, 1999 close a transaction with an Affiliated Practice which is substantially similar to the restructuring transaction contemplated by this Agreement (a "Restructuring Transaction"), and, taken as a whole, the financial terms of such other Restructuring Transaction are materially more favorable to any such Affiliated Practice (and its Physician Owners) than the financial terms, taken as a whole, of the restructuring transaction contemplated by this Agreement, then in such event SCN the Parties shall modify the financial terms of this Agreement in such manner as SCN the Parties shall reasonably determine so that the financial terms of the restructuring transaction contemplated by this Agreement for DDD VERO and the Physician Owners shall be no less favorable, when taken as a whole, than the Restructuring Transaction undertaken with respect to any other Affiliated Practice. For these purposes, the term "Affiliated Practice" shall refer to any physician medical practice (other than DDD) which, as of December 1, 1998, had in effect with SCN an agreement substantially similar to the Service Agreement.. For purposes of this SECTION 10.15, "material" shall be limited solely to consideration given by an

Appears in 1 contract

Samples: Restructure Agreement (Specialty Care Network Inc)

Transactions with Affiliated Practices. In the event that SCN shall within a period commencing on the Closing Date and ending on December 31, 1999, 1999 close a transaction with an Affiliated Practice which is substantially similar to the restructuring transaction contemplated by this Agreement (a "Restructuring Transaction"), and, taken as a whole, the financial terms of such other Restructuring Transaction are materially more favorable to any such Affiliated Practice (and its Physician Owners) than the financial terms, taken as a whole, of the restructuring transaction contemplated by this Agreement, then in such event SCN shall modify the financial terms of this Agreement in such manner as SCN shall reasonably determine so that the financial terms of the restructuring transaction contemplated by this Agreement for DDD GCOA and the Physician Owners shall be no less favorable, when taken as a whole, than the Restructuring Transaction undertaken with respect to any other Affiliated Practice. For these purposes, the term "Affiliated Practice" shall refer to any physician medical practice (other than DDD) which, as of December 1, 1998, had in effect with SCN an agreement substantially similar to the Service Agreement.

Appears in 1 contract

Samples: Restructure Agreement (Specialty Care Network Inc)

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Transactions with Affiliated Practices. In the event that SCN shall within a period commencing on the Closing Date and ending December 31, 1999, 1999 close a transaction with an Affiliated Practice which is substantially similar to the restructuring transaction contemplated by this Agreement (a "Restructuring Transaction"), and, taken as a whole, the financial terms of such other Restructuring Transaction are materially more favorable to any such Affiliated Practice (and its Physician Owners) than the financial terms, taken as a whole, of the restructuring transaction contemplated by this Agreement, then in such event SCN shall modify the financial terms of this Agreement in such manner as SCN shall reasonably determine so that the financial terms of the restructuring transaction contemplated by this Agreement for DDD MRS II and the Physician Owners Owner shall be no less favorable, when taken as a whole, than the Restructuring Transaction undertaken with respect to any other Affiliated Practice. For these purposes, the term "Affiliated Practice" shall refer to any physician medical practice (other than DDD) which, as of December 1, 1998, had in effect with SCN an agreement substantially similar to the Service Agreement.

Appears in 1 contract

Samples: Restructure Agreement (Specialty Care Network Inc)

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