Metroplex Providers definition
Examples of Metroplex Providers in a sentence
Guarantor, Seller and the Metroplex Providers hold one hundred percent (100%) of the member interests in Borrower.
Texas Sub will use its best efforts, diligently and in good faith, but consistent with all applicable laws, to collect accounts receivable resulting from medical services and ancillary services performed through the Clinic by Metroplex and the Metroplex Providers, and Texas Sub shall be free to take such actions as it reasonably deems appropriate in collection such accounts receivable.
Texas Sub and Metroplex agree and acknowledge that it is not the function of the Clinic Committee to provide oversight or direction with respect to the medical decisions made by Metroplex and the Metroplex Providers.
Such accounting shall specify the amount of Collections during the Initial Period attributable to services performed by the Metroplex Providers prior to the date of this Agreement (the "Prior Closing Collections Amounts").
Metroplex shall provide, or arrange for the provision of, and maintain throughout the entire term of this Agreement, professional liability insurance coverage on Metroplex and each of the Metroplex Providers, in the minimum amount of $2,000,000 per occurrence and $5,000,000 annual aggregate.
Metroplex will cooperate with Texas Sub in such efforts and use its best efforts to assist Texas Sub with respect thereto, to the extent it is able in light of its primary obligation to treat patients of the Clinic such that absences by Metroplex Providers for these services do not unduly burden the patient care activities of the Clinic.
The parties hereby acknowledge and agree that no benefits to Metroplex hereunder require nor are in any way contingent upon the admission, recommendation, referral or any other arrangement for the provision of any item or service offered by Texas Sub or any of its affiliates, to any patients of Metroplex, or the Metroplex Providers.
Metroplex shall require all Physician Owners and other Metroplex Providers to execute and deliver to Texas Sub such documents and instruments as are reasonably necessary to permit Texas Sub to meet its obligations hereunder and comply with applicable law, including, without limitation, its obligation to provide billing and collection services, reasonably satisfactory in form and substance to Texas Sub.
The professional services provided by Metroplex and the Metroplex Providers shall at all times be provided in accordance with applicable ethical standards, laws and regulations applying to the medical profession.
Metroplex agrees, and shall cause the Metroplex Providers to agree, that Texas Sub may obtain, at its sole expense and for its sole benefit, "key man" life insurance policies on any or all Metroplex Providers.