Common Contracts
1 similar Letter of Intent contracts
LETTER OF INTENTLetter of Intent • July 13th, 2020
THIS LETTER OF INTENT (“LOI”) is entered into this 13th day of July, 2020 (“Effective Date”) by and among New Hanover County (“County”), New Hanover Regional Medical Center, a North Carolina nonprofit corporation, on behalf of itself and its affiliates (“NHRMC”) (County and NHRMC are each a “Seller” and together the “Sellers”) and Novant Health, Inc., a North Carolina nonprofit corporation (“Buyer”). Buyer and Sellers may be collectively referred to herein as the “Parties”, or individually as a “Party”. This LOI sets forth the current understanding of the Parties in principle with respect to the terms of the Proposed Transaction that are described in this LOI. This LOI is an expression of the Parties’ current intent and, except for the terms set forth in Part B, is not binding on the Parties.
