Seller Business Service Area definition

Seller Business Service Area means the area within a twenty-five (25) mile radius of any Hospital. Notwithstanding the foregoing, the following shall be excluded from the foregoing provisions of this Section 4.14: (a) the general acute care hospital activities of Seller and its affiliates as of the Closing Date (other than the activities of the Hospitals) and (b) Seller's or any affiliate of Seller's acquisition and operation of a general acute care hospital within the Seller Business Service Area after the Closing Date so long as such hospital was acquired in a transaction in which the amount of consideration allocated to such hospital is less than twenty percent (20%) of the total consideration necessary to consummate such transaction. Seller shall not actively solicit any individual Purchaser employee to remain or become an employee of Seller between the Closing Date and the one year anniversary of the Closing Date; provided, however, that at any time Xxxxxx xxx make a general solicitation not directed specifically at Purchaser employees to recruit employees through any means and shall have the right to hire Purchaser employees who respond to such permitted solicitation efforts or seek such employment unsolicited by Seller. For a period of one year after the Closing Date, Purchaser shall not actively solicit any individual employee of Seller or affiliates thereof who had been a member of the senior management (i.e., the "A Team") at a Hospital prior to the Effective Date, but was not employed by Tenex xx a Hospital as of the Effective Date. Seller shall not, and shall use its reasonable commercial efforts to cause its directors, officers, employees and agents to not, use for any purpose any confidential information which specifically relates to any of the Hospitals. Seller shall cause each of its affiliates, and any successors to its affiliates, to comply with the obligations imposed by this Section 4.14. In the event that the provisions contained in this Section 4.14 shall ever be deemed to exceed the time or geographic limits or any other limitations permitted by applicable law in any jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum extent permitted by applicable law.
Sample 1
Seller Business Service Area means either the County in which a Hospital is located or a twenty (20) mile radius of such Hospital, whichever is the larger area, provided, however, that the Hospitals set forth on Schedule 4.13 are not subject to this Section 4.13. Notwithstanding the foregoing, the following shall be excluded from the foregoing provisions of this Section 4.13: (a) the general acute care hospital activities of Seller and Seller’s affiliates as of the Closing Date (other than the activities of the Hospitals), and (b) Seller’s or any affiliate of Seller’s acquisition and operation of a general acute care hospital within the Seller Business Service Area after the Closing Date so long as such hospital was acquired in a transaction in which the amount of consideration allocated to such hospital is less than twenty percent (20%) of the total consideration necessary to consummate such transaction. Seller shall cause each of its affiliates to comply with the obligations imposed by this Section 4.13. In the event that the provisions contained in this Section 4.13 shall ever be deemed to exceed the time or geographic limits or any other limitations permitted by applicable law in any jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum extent permitted by applicable law.
Sample 1
Seller Business Service Area means the area within a thirty (30) mile radius of Trinity Valley Medical Center and a twenty-five (25) mile radius of Minden Medical Center. Notwithstanding the foregoing, the following shall be excluded from the foregoing provisions of this Section 4.14: (a) the general acute care hospital activities of Seller and its affiliates as of the Closing Date (other than the activities of the Hospitals) and (b) Seller's or any affiliate of Seller's acquisition and operation of a general acute care hospital within the Seller Business Service Area after the Closing Date so long as such hospital was acquired in a transaction in which the amount of consideration allocated to such hospital is less than ten percent (10%) of the total consideration necessary to consummate such transaction; provided, however, nothing in this Section 4.14 shall prevent Seller from acquiring, operating or managing East Texas Medical Center Regional Healthcare System and its affiliated hospitals, as a whole. Seller shall cause each of its affiliates, and any successors to its affiliates, to comply with the obligations imposed by this Section 4.14. In the event that the provisions contained in this Section 4.14 shall ever be deemed to exceed the time or geographic limits or any other limitations permitted by applicable law in any jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum extent permitted by applicable law.
Sample 1

Examples of Seller Business Service Area in a sentence

  • Furthermore, after initial price and reimbursement approvals, reductions in prices and changes in reimbursement levels can be triggered by multiple factors, including reference pricing systems and publication of discounts by third party payors or authorities in other countries.

  • So I wanted to have brand equity in our community in the upper Midwest.

  • For purposes of this Agreement, the term "Competing Business" means the business of owning and operating general acute care hospitals, and the term "Seller Business Service Area" means the area within a thirty (30) mile radius of Trinity Valley Medical Center and a twenty-five (25) mile radius of Minden Medical Center.

  • Trinh S HallinanSydney27 October 2022Auditor’s Independence DeclarationAs lead auditor for the audit of Schroder Equity Opportunities Fund for the year ended 30 June 2022, I declare that to the best of my knowledge and belief, there have been:(a) no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and(b) no contraventions of any applicable code of professional conduct in relation to the audit.

  • As an inducement to Purchaser to enter into this Agreement and to consummate the transactions contemplated hereby, neither Seller nor any of Seller's affiliates, shall, for a period of four (4) years following the Closing Date, without the prior written consent of Purchaser, directly or indirectly, invest in, own, manage, operate, control or participate in the ownership, management, operation or control of, any Competing Business within the Seller Business Service Area.

  • As an inducement to Purchaser to enter into this Agreement and to consummate the transactions contemplated hereby, neither Seller nor any of Seller’s affiliates, shall, for a period of five (5) years following the Closing Date, without the prior written consent of Purchaser, directly or indirectly, invest in, own, manage, operate, control or participate in the ownership, management, operation or control of, any Competing Business within the Seller Business Service Area.

  • It is reasonable to allow CCAs to carry a deficit of up to 100% of their first year IPT without explanation, so long as this amount is fully made up within three years, subject to the further development of the flexible compliance rules in accordance with SB 107.

  • For purposes of this Agreement, the term "Competing Business" means the business of owning and operating general acute care hospitals, and the term "Seller Business Service Area" means the area within a five (5) mile radius of any of the Acute Care Hospitals.

Related to Seller Business Service Area

  • Service Area means the geographic area approved by the commissioner within which an issuer is authorized to offer a Medicare Select policy.

  • Wireless services means any services, provided using licensed or unlicensed spectrum, including the use of Wi-Fi, whether at a fixed location or mobile.

  • Business location means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;

  • Wholesale Service means Telecommunication Services that Sprint provides at retail to subscribers who are not telecommunications carriers as set forth in 47 USC § 251(c)(4) which Sprint provides to resellers at a wholesale rate.

  • Primary service area means that area within a five (5) mile radius from any imaging center owned, operated or managed by Administrator, Parent or their Affiliates for which the Group provides professional Radiology services or any hospital at which on-site professional Radiology services are then provided by Physician Employee(s) or Physician Extender Employee(s) of the Group.

  • Geographic Service Area or “Service Area” means an area as defined in Section 1345(k) of the Health and Safety Code.

  • Separate Business means each of the activities of the Licensee connected

  • Purchased Services means Services that You or Your Affiliate purchase under an Order Form, as distinguished from those provided pursuant to a free trial.

  • Access Services refers to interstate and intrastate switched access and private line transport services.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Personal wireless services means commercial mobile services, unlicensed wireless services, and common carrier wireless exchange access services, as defined by federal laws and regulations.

  • Business Customer means a customer who is not a residential customer.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Business Area means an adjacent area that is zoned by a state, county, township, or municipal zoning authority for industrial or commercial purposes, customarily referred to as "b" or business, "c" or commercial, "i" or industrial, "m" or manufacturing, and "s" or service, and all other similar classifications and that is within a city, village, or charter township or is within 1 mile of the corporate limits of a city, village, or charter township or is beyond 1 mile of the corporate limits of a city, village, or charter township and contains 1 or more permanent structures devoted to the industrial or commercial purposes described in this subdivision and that extends along the highway a distance of 800 feet beyond each edge of the activity. Each side of the highway is considered separately in applying this definition except that where it is not topographically feasible for a sign or sign structure to be erected or maintained on the same side of the highway as the permanent structure devoted to industrial or commercial purposes, a business area may be established on the opposite side of a primary highway in an area zoned commercial or industrial or in an unzoned area with the approval of the state highway commission. A permanent structure devoted to industrial or commercial purposes does not result in the establishment of a business area on both sides of the highway. All measurements shall be from the outer edge of the regularly used building, parking lot, or storage or processing area of the commercial or industrial activity and not from the property lines of the activities and shall be along or parallel to the edge or pavement of the highway. Commercial or industrial purposes are those activities generally restricted to commercial or industrial zones in jurisdictions that have zoning. In addition, the following activities are not commercial or industrial:

  • Cable Services means (1) the one-way transmission to Subscribers of (a) video programming, or (b) other programming service, and (2) Subscriber interaction, if any, which is required for the selection or use of such video programming or other programming service.

  • Wireless service means any service, using licensed or unlicensed wireless spectrum, including the use of Wi-Fi, whether at a fixed location or mobile, provided to the public using a network node.