Affiliated Practice means any Physical Therapy Entity that is or will become party to a Management Services Agreement, including any Practice Subsidiary following a transfer of its Capital Stock in any Permitted Practice Subsidiary Restructuring. For the avoidance of doubt, the term “Affiliated Practice” may include both Consolidated APCs and Non-Consolidated APCs.
Affiliated Practice means any physician-owned professional organization, association or corporation that employs or contracts with physicians engaged in a pathology or other medical practice and has entered into a Management Services Agreement with the Borrower or any of its Subsidiaries.
Affiliated Practice means any Person (a) that provides medical, healthcare or related professional services, (b) the Equity Interests of which are not owned by the Borrower or any Restricted Subsidiary, (c) that is a party to an administrative services, practice support or management agreement with the Borrower or a Restricted Subsidiary pursuant to which the Borrower or any Restricted Subsidiary provides administrative, management, practice support or other non-clinical services to such Person, without exercising any professional medical judgment (including as to the day-to-day non-clinical, administrative operations of such Person) (each, a “Services Agreement”), (d) that pays the Borrower or such Restricted Subsidiary fees pursuant to any Services Agreement to which such Person is a party and (e) to the extent permitted by applicable law, the Equity Interests of which are owned by Persons party to a customary stock transfer agreement with the Borrower or such Restricted Subsidiary. Schedule 1.01(6) lists each Person which is an “Affiliated Practice” as of the Effective Date.
Examples of Affiliated Practice in a sentence
There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, overtly threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against Holdings, the Borrower or any of the Subsidiaries or any Affiliated Practice that would reasonably be expected to have a Material Adverse Effect.
None of the Borrower, any Restricted Subsidiary or any Affiliated Practice has engaged in any activities that are prohibited under HIPAA, or any comparable state Law, except for such activities that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.
For these purposes, the term "Affiliated Practice" shall refer to any physician medical practice which, as of December 1, 1998, had in effect with SCN an agreement substantially similar to the Service Agreement.
The Company as a defendant tenant is seeking indemnity from the Affiliated Practice and believes that it will recover any damages suffered from the responsible Affiliated Practice.
Notwithstanding the foregoing, the Issuer shall not permit any Consolidated APC, Non-Consolidated APC or any other Affiliated Practice to guarantee any Indebtedness of the Issuer and its subsidiaries (other than the Secured Obligations).
More Definitions of Affiliated Practice
Affiliated Practice has the meaning set forth in SECTION 10.15.
Affiliated Practice means any physician-owned professional organization, association or corporation that employs or contracts with physicians engaged in a pathology practice and has entered into a Management Services Agreement with the Borrower or any Subsidiary.
Affiliated Practice means any Person (a) that provides medical, healthcare or related professional services, (b) the Equity Interests of which are not owned by the Borrower or any Restricted Subsidairy, (c) that is a party to an administrative services, practice support or management agreement with the Borrower or a Restricted Subsidairy pursuant to which the Borrower or any Restricted Subsidairy provides administrative, management, practice support or other non-clinical services to such Person, without exercising any professional medical judgment (including as to the day-to-day non-clinical, administrative operations of such Person) (each, a “Services Agreement”), (d) that pays the Borrower or such Guarantor fees pursuant to any Services Agreement to which such Person is a party and (e) to the extent permitted by applicable law, the Equity Interests of which are owned by Persons party to a customary stock transfer agreement with the Borrower or a Guarantor. Schedule 1.01(6) lists each Person which is an “Affiliated Practice” as of the Effective Date.
Affiliated Practice shall have the meaning assigned to such term in the Credit Agreement as in effect on the Initial Issue Date.
Affiliated Practice and collectively as the "Affiliated Practices", and such service agreements are referred to herein individually as a "Service Agreement". To the knowledge of the Company, each of the Affiliated Practices has been duly incorporated or formed, as the case may be, and is existing in good standing, with power and authority (corporate (if applicable) and other) to own its properties and conduct its business as presently conducted. Subject to such qualifications as are set forth in the Registration Statements and the Prospectus, each Service Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding agreement of the Company, enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. Each Service Agreement has been duly authorized, executed and delivered by the parties thereto, other than the Company, and, subject to such qualifications as are set forth in the Registration Statements and the Prospectus, constitutes a valid and legally binding agreement of such other parties thereto, enforceable against such parties in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.
Affiliated Practice shall include any practice or facility (i) in which the Company or any of its Subsidiaries has an ownership interest or (ii) that is managed by or receives other services from the Company or any of its subsidiaries in connection with any element of the Business.
Affiliated Practice means an orthodontic or pediatric dental practice that is owned by the OrthAlliance Affiliated Practitioner or his or her respective OrthAlliance Affiliated PC, and is the subject of an OrthAlliance Service/Consulting Agreement.