Examples of Professional corporations in a sentence
This Agreement shall inure to the benefit of, and shall be binding upon, the respective successors and assigns of the First Lien Lender, the Second Lien Creditors and the Professional Corporations.
Nothing in this Agreement shall (a) impair, as among the Professional Corporations and the First Lien Lender and as between the Professional Corporations and the Second Lien Creditors, the obligation of the Professional Corporations with respect to the payment of the First Lien Debt and the Second Lien Debt in accordance with their respective terms or (b) affect the relative rights of the First Lien Lender or Second Lien Creditors with respect to any other creditors of the Professional Corporations.
Xxxxxxx Xxxxx is the sole stockholder of CPS and is a licensee in accordance with the requirements of the California Xxxxxxx-Xxxx Professional Corporations Act, Cal.
A Distribution made pursuant to this Agreement to the First Lien Lender which otherwise would have been made to Second Lien Creditor is not, as between the Professional Corporations and Second Lien Creditors, a payment by the Professional Corporations to or on account of the Second Lien Debt unless to the extent provided in the Guaranty Inducement and Offset Agreement, dated as of the date hereof, by and among Holdings, the Professional Corporations and the Subordinated Creditors.
Second Lien Creditors, the Professional Corporations and the First Lien Lender have caused this Agreement to be executed as of the date first above written.
Without limiting the generality of the foregoing, the insurance maintained by the Target Companies insures their respective assets, properties and business against all losses related to the errors and omissions of optometrists employed by, or under contract to, the Target Companies and the Professional Corporations.
All of the Holdings', the Professional Corporations' and the Second Lien Creditors' obligations to the First Lien Lender under the First Lien Loan Agreement and the other First Lien Documents (as hereinafter defined) are secured by liens on and security interests in substantially all of the now existing and hereafter acquired real and personal property of the Professional Corporations, Holdings and the Second Lien Creditors (the "First Lien Collateral").
All arrangements between the optometrists employed by or who are independent contractors to any of the Target Companies, and between the Professional Corporations and the Target Companies, comply in all material respects with all Laws, including all Industry Laws.