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New PC definition

New PC has the meaning set forth in the Recitals. 0.84
Sample 1
New PC has the meaning set forth in Paragraph D of the Recitals.
Sample 1
New PC. By:_______________________________ Name: Title: MSO: OMEGA: OMEGA ORTHODONTICS OF ELKO, INC. By:_______________________________ Name: Title: OMEGA ORTHODONTICS, INC. By:_______________________________ Name: Title: SCHEDULE 1 THE ORTHODONTISTS Name and Address Xxxxx X. Xxxxx, D.M.D., M.S. 000 00xx Xxxxxx Xxxx, Xxxxxx 00000 SCHEDULE 2 ORTHODONTIC OFFICES AND SERVICES [Xx. Xxxxx Attach] SCHEDULE 3 COMPENSATION - MANAGEMENT FEES The MSO shall receive, as compensation for the performance of all of its obligations and duties contained in the Agreement, monthly Management Fees in an amount equal to ___ Percent ( %) of the Practice Revenues, and the New PC shall be entitled to ___ Percent ( %) of such Practice Revenues, except as the parties may otherwise agree from time to time in writing. At the end of each twelve (12) month period during the Term the MSO shall provide the New PC with an unaudited internal accounting of the MSO Expenses, prepared in accordance with the accrual method of accounting. If the MSO Expenses as reflected in such accounting as having been paid by the MSO are less than sixty (60%) percent of the Practice Revenues for such twelve month period, fifty (50%) percent of such difference shall be returned by the MSO to the New PC as a profit incentive rebate (the "Rebate"). If the Agreement to which this Schedule 3 is attached is terminated or expires, the foregoing Management Fees shall be payable to the MSO based on all Practice Revenue collected as of the date of termination or expiration. Payment to the MSO shall be made in monthly installments based on the Practice Revenues realized by the MSO for services rendered hereunder. The MSO shall distribute the proceeds from the New PC Account and allocate the proceeds between the MSO and the New PC as described above, on or before the 15th day of the succeeding month. In the event the 15th day falls on a weekend or holiday, then said distribution shall be made on the next business day. The parties hereto may agree to handle such matters in a different manner.
Sample 1

Examples of New PC in a sentence

  • The New PC shall be responsible for interviewing and selecting each Practice Associate.

  • The New PC acknowledges and agrees that all information relating to the OMEGA Patient Scheduling System and the MSO Information constitutes trade secrets of OMEGA and/or the MSO.

  • The New PC acknowledges its fiduciary obligations to OMEGA and the MSO and the confidentiality of its relationships with OMEGA and the MSO and of any information relating to the services and business methods of OMEGA and the MSO which it may obtain during the term of this Agreement.

  • Further, the New PC represents and warrants that the Collateral is not subject to any lien, pledge, charge, encumbrance or security interest or right or option on the part of any third person.

  • The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of the Collateral.

  • Notwithstanding the foregoing power of attorney, the New PC shall at any time on the request of the MSO, sign Financing Statements, security agreements or other agreements with respect to any Collateral.

  • The New PC hereby irrevocably authorizes the MSO to sign and file financing statements naming the New PC as the debtor and the MSO as the secured party, at any time with respect to any Collateral, without the signature of the New PC.

  • Upon the termination of the Agreement and payment in full of the accrued Management Fees thereunder and any and all other Secured Obligations, the MSO shall release its security interest hereunder, and will deliver to the New PC any property forming part of the Collateral delivered to the MSO and then held by the MSO hereunder.

  • The MSO agrees to negotiate for and cause premiums to be paid on behalf of the New PC with respect to such insurance.

  • The MSO does not guarantee collection and is not responsible for any loss to the New PC as a result of any inability to collect fees and charges.


More Definitions of New PC

New PC. Castle Mid-South Dental Center, P.C., a newly organized Tennessee professional corporation organized for the purpose of entering into a Management Services Agreement with Purchaser.
Sample 1
New PC. Castle 1st Dental Care, P.A., a Florida professional association.
Sample 1

Related to New PC

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • New Company has the meaning given to it in Clause 21.3 of the Trust Deed;

  • CPET means the UK Government’s Central Point of Expertise on Timber.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • OpCo has the meaning set forth in the Preamble.

  • AMC means Annual Maintenance Contract

  • flight crew member means a licensed crew member charged with duties essential to the operation of an aircraft during a flight duty period;

  • Surviving General Partner has the meaning set forth in Section 11.2(d)(i)(A).

  • New Holdco means the direct or indirect Subsidiary of the Ultimate Parent following the Post-Closing Reorganizations.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • New Holdings shall have the meaning provided in the definition of the term “Holdings”.

  • CCC means Customer Care Centre

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • IPC means the interim payment certificate issued by the Authority’s Engineer for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement;

  • Comcast means Comcast Corporation, a Pennsylvania corporation.

  • GVWR means gross vehicle weight rating.

  • SLDC means the State Load Dispatch Center as notified by the State Government.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • DPI means the North Carolina Department of Public Instruction.

  • NBME means the National Board of Medical Examiners, an organization that prepares and administers qualifying examinations, either independently or jointly with other organizations.

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • CW means current City of Winnipeg Standard Construction Specification;

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Apple means Apple Inc., a California corporation with its principal place of business at Xxx Xxxxx Xxxx Xxx, Xxxxxxxxx, Xxxxxxxxxx 00000, U.S.A.

Most Referenced Clauses

Most Referenced Definitions