Common use of Transition Services; Transition Patients Clause in Contracts

Transition Services; Transition Patients. Buyer acknowledges that there will be patients located in the Hospital on the Closing Date. Buyer shall accept such patients as patients of Buyer, and Buyer shall assume responsibility and liability for treating such patients on and after the Closing Date. All revenue, expenses and liabilities incurred on and after the Closing Date in connection with such patients shall become revenue, expenses and liabilities of Buyer, and all liability arising from treatment and care rendered to such patients prior to the Closing Date shall be borne solely by Seller, regardless of whether a liability is asserted prior to, on or after the Closing Date. The services rendered and medicine, drugs and supplies provided to patients who were admitted to the Hospital prior to the Closing Date but who are not discharged until after the Closing Date shall be referred to as the “Transition Services” and such patients shall be referred to as the “Transition Patients.”

Appears in 6 contracts

Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale, Agreement for Purchase and Sale of Assets

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Transition Services; Transition Patients. ‌ . Buyer acknowledges that there will be patients located in the Hospital on the Closing Date. Buyer shall accept such patients as patients of Buyer, and Buyer shall assume responsibility and liability for treating such patients on and after the Closing Date. All revenue, expenses and liabilities incurred on and after the Closing Date in connection with such patients shall become revenue, expenses and liabilities of Buyer, and all liability arising from treatment and care rendered to such patients prior to the Closing Date shall be borne solely by Seller, regardless of whether a liability is asserted prior to, on or after the Closing Date. The services rendered and medicine, drugs and supplies provided to patients who were admitted to the Hospital prior to the Closing Date but who are not discharged until after the Closing Date shall be referred to as the “Transition Services” and such patients shall be referred to as the “Transition Patients.”

Appears in 2 contracts

Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets

Transition Services; Transition Patients. ‌ . Buyer acknowledges that there will be patients located in the Hospital on the Closing Date. Buyer shall accept such patients as patients of Buyer, and Buyer Xxxxx shall assume responsibility and liability for treating such patients on and after the Closing Date. All revenue, expenses and liabilities incurred on and after the Closing Date in connection with such patients shall become revenue, expenses and liabilities of Buyer, and all liability arising from treatment and care rendered to such patients prior to the Closing Date shall be borne solely by Seller, regardless of whether a liability is asserted prior to, on or after the Closing Date. The services rendered and medicine, drugs and supplies provided to patients who were admitted to the Hospital prior to the Closing Date but who are not discharged until after the Closing Date shall be referred to as the “Transition Services” and such patients shall be referred to as the “Transition Patients.”

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Assets

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Transition Services; Transition Patients. Buyer acknowledges that there will be patients located in the Hospital on the Closing Date. Buyer shall accept such patients as patients of Buyer, and Buyer Xxxxx shall assume responsibility and liability for treating such patients on and after the Closing Date. All revenue, expenses and liabilities incurred on and after the Closing Date in connection with such patients shall become revenue, expenses and liabilities of Buyer, and all liability arising from treatment and care rendered to such patients prior to the Closing Date shall be borne solely by Seller, regardless of whether a liability is asserted prior to, on or after the Closing Date. The services rendered and medicine, drugs and supplies provided to patients who were admitted to the Hospital prior to the Closing Date but who are not discharged until after the Closing Date shall be referred to as the “Transition Services” and such patients shall be referred to as the “Transition Patients.”

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Assets

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