Admitting Privileges. As of the Closing Date, Seller and the other physicians credentialed by the Facility shall have admitting privileges at a local hospital in accordance with all applicable federal laws and Texas Administrative Code Section 135.4 and Seller shall maintain such privileges and will use his best efforts to cause the other physicians credentialed by the Facility to maintain such privileges from and after the Closing Date. From and after the Closing Date, the Selling Parties shall use their commercially reasonable efforts to assist the New LP in entering into a patient transfer agreement with Doctors Hospital of Laredo or other local hospital, pursuant to which the Facility may immediately transfer to a hospital patients requiring emergency medical care beyond the capabilities of the Facility.
Appears in 2 contracts
Sources: Asset Contribution and Exchange Agreement, Asset Contribution and Exchange Agreement (Novamed Inc)