Hospital Swap means an exchange of assets and, to the extent necessary to equalize the value of the assets being exchanged, cash by the Company or one of its Subsidiaries for one or more hospitals and/or one or more Related Businesses, or for 100% of the Capital Stock of any Person owning or operating one or more hospitals and/or one or more Related Businesses; provided that cash does not exceed 30% of the sum of the amount of the cash and the fair market value of the Capital Stock or assets received or given by the Company or such Subsidiary in such transaction. Notwithstanding the foregoing, the Company and its Subsidiaries may consummate two Hospital Swaps in any 12-month period without regard to the requirements of the proviso in the previous sentence.
Hospital Swap means an exchange of assets by the Company or a Subsidiary of the Company for one or more Hospitals and/or one or more Related Businesses or for the Capital Stock of any Person owning one or more Hospitals and/or one or more Related Businesses.
Hospital Swap means an exchange of assets and, to the extent necessary to equalize the value of the assets being exchanged, cash by the Issuer or a Restricted Subsidiary for one or more Hospitals and/or one or more Similar Businesses, or for 100% of the Capital Stock of any Person owning or operating one or more Hospitals and/or one or more Similar Businesses; provided that cash does not exceed 30% of the sum of the amount of the cash and the fair market value of the Capital Stock or assets received or given by the Issuer or a Restricted Subsidiary in such transaction (as determined in good faith by the Issuer). Notwithstanding the foregoing, the Issuer and its Restricted Subsidiaries may consummate two Hospital Swaps in any 12-month period without regard to the requirements of the proviso in the previous sentence.
Examples of Hospital Swap in a sentence
Notwithstanding the foregoing: (a) a transfer of assets by the Company to a Subsidiary or by a Subsidiary to the Company or to another Subsidiary, (b) an issuance of Equity Interests by a Subsidiary to the Company or to another Subsidiary, (c) a Restricted Payment that is permitted by Section 4.07 hereof and (d) a Hospital Swap shall not be deemed to be an Asset Sale.
Notwithstanding the foregoing: (a) a transfer of assets by the Company to a Subsidiary or by a Subsidiary to the Company or to another Subsidiary, (b) an issuance of Equity Interests by a Subsidiary to the Company or to another Subsidiary, (c) a Restricted Payment that is permitted by Section 3.07 hereof and (d) a Hospital Swap shall not be deemed to be an Asset Sale.
More Definitions of Hospital Swap
Hospital Swap means, with respect to any Person, an exchange of (a)(i) one or more Hospitals and/or Related Businesses owned or operated by such Person or (ii) all of the Equity Interests held by such Person of any other Person owning or operating one or more Hospitals and/or Related Businesses for (b) either (i) one or more Hospitals and/or Related Businesses owned or operated by a third Person or (ii) either all of the Equity Interests held by a third person of any other Person or a majority of the Equity Interests of any other Person owning or operating one or more Hospitals and/or Related Businesses.
Hospital Swap means an exchange of assets and, to the extent necessary to equalize the value of the assets being exchanged, cash by the Issuer or a Restricted Subsidiary for one or more Hospitals and/or one or more Similar Businesses, or for 100% of the Capital Stock of any Person owning or operating one or more Hospitals and/or one or more Similar Businesses; provided that cash does not exceed 30% of the sum of the amount of the cash and the fair market value of the Capital Stock or assets received or given by the Issuer or a Restricted Subsidiary in such transaction. Notwithstanding the foregoing, the Issuer and its Restricted Subsidiaries may consummate two Hospital Swaps in any 12-month period without regard to the requirements of the proviso in the previous sentence.
Hospital Swap means, with respect to any Person, an exchange of (a)(i) one or more Hospitals and/or Related Businesses owned or operated by such Person or (ii) all of the Equity Interests held by such Person of any other Person owning or operating one or more Hospitals and/or Related Businesses for (b) either (i) one or more Hospitals and/or Related Businesses owned or operated by a third Person or (ii) either all of the Capital Stock held by a third person of any other Person or a majority of the Capital Stock of any other Person owning or operating one or more Hospitals and/or Related Businesses.
Hospital Swap means an exchange of assets and, to the extent necessary to equalize the value of the assets being exchanged, cash by the Company or a Restricted Subsidiary of the Company for one or more Hospitals and/or one or more Related Businesses or for 100% of the Capital Stock of any Person owning or operating one or more Hospitals and/or one or more Related Businesses, provided that cash does not exceed 20% of the sum of the amount of the cash and the fair market value of the Capital Stock or assets received or given by the Company or a Restricted Subsidiary of the Company in such transaction, unless such excess cash is applied in accordance with the requirements of the third paragraph of Section 4.10 hereof.
Hospital Swap means an exchange of assets and, to the extent necessary to equalize the value of the assets being exchanged, cash by the Company or a Restricted Subsidiary for one or more Hospitals and/or one or more Related Businesses, or for 100%
Hospital Swap means an exchange of assets and, to the extent necessary to equalize the value of the assets being exchanged, cash by the Company or a Restricted Subsidiary for one or more Hospitals and/or one or more Related Businesses or for 100% of the Capital Stock of any Person owning or operating one or more Hospitals and/or one or more Related Businesses, provided that cash does not exceed 25% of the sum of the amount of the cash and the Fair Market Value of the Capital Stock or assets received or given by the Company or a Restricted Subsidiary in such transaction.
Hospital Swap means an exchange of assets and, to the extent necessary to equalize the value of the assets being exchanged or as otherwise agreed, cash by the Company or a Restricted Subsidiary of the Company for one or more Hospitals and/or one or more Related Businesses or for Capital Stock of any Person owning, leasing or operating one or more Hospitals and/or one or more Related Businesses (provided that the acquisition of such Capital Stock, valued at the time of the exchange as determined by the Board of Directors of the Company, is otherwise permitted under this Indenture).