Examples of Existing Closing Date in a sentence
Buyer agrees that within ninety (90) days of the Effective Date, Buyer shall use reasonable efforts to obtain an amendment to each Existing Physician Employment Contract or, in Buyer’s option, a new employment agreement with each Existing Closing Date Physician which contains the provisions set forth on Schedule 4.6(c) (“StarCare Updated Patient Diversion Provisions”).
StarCare also agreed that to the extent Buyer terminates certain of the Existing Closing Date Physicians at the Medical Clinics within the first 6 months after the Closing Date pursuant to a layoff as part of any restructuring of the Medical Clinics to meet Buyer’s operational guidelines, StarCare agrees that it will, to the extent permitted under the health plan contract(s), use its best efforts to map the patients of such terminated physician to the Medical Clinics.
Borrowers hereby reaffirm their obligations, liabilities, grants of security interests, pledges and the validity of all covenants by them contained in any and all Loan Documents delivered on the Original Closing Date, the Existing Closing Date or from time to time, as amended, supplemented or otherwise modified by this Agreement and by the other Loan Documents delivered on the Closing Date.
Such fees shall be due and payable monthly in arrears on the first day of each month beginning on the first day of the first month following the Existing Closing Date and shall be based on the unused commitments for the immediately preceding month.
The Buyer Parties acknowledge that the Closing Date Employee Wage/Benefit Payment includes wages due the Terminated Employees and Existing Closing Date Physicians through their date of termination and a payment of all paid time off (“PTO”) accumulated during their employment with StarCare.