Oversight by Owner Sample Clauses

Oversight by Owner. Owner (or its applicable subsidiary) shall retain all powers incident to ownership of the Facilities, including, without limitation, the power to (a) determine the general and fiscal policies and maintain the full and complete control of the administration of the Hospital, (b) select the administrative staff of the Hospital except as otherwise provided in Section 5, (c) appoint members to the medical staff of the Hospital, and (d) establish policies regarding the admission of patients. Owner (or its applicable subsidiary) shall own and hold all licenses, contracts, certificates and accreditations and shall be the “Provider of Services” within the meaning of the third party contracts for services. Manager acknowledges and agrees that the Board of Directors of Owner maintains the ultimate oversight and authority regarding the operations and activities of the Facilities, and, further nothing in this Agreement is intended to alter, weaken, displace, or modify the ultimate authority of the Board of Directors of Owner as set forth in the Amended and Restated Limited Liability Company Agreement of Owner dated , 2015 (the “LLC Agreement”). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the LLC Agreement.
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Related to Oversight by Owner

  • Certification Regarding Prohibition of Boycotting Israel (Tex Gov. Code 2271)

  • Compliance with Rules and Regulations PFPC undertakes to comply with all applicable requirements of the Securities Laws and any laws, rules and regulations of governmental authorities having jurisdiction with respect to the duties to be performed by PFPC hereunder. Except as specifically set forth herein, PFPC assumes no responsibility for such compliance by the Fund or any other entity.

  • Compliance with OFAC Rules and Regulations None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

  • Compliance with Governmental Rules and Regulations Except as otherwise provided in the Agreement and except for the accuracy and timeliness of information furnished to the Funds by Price Associates or its Delegates, each Fund assumes full responsibility for the preparation, contents and distribution of its prospectuses, and for complying with all applicable requirements of the ’40 Act, the ‘34 Act, the Securities Act of 1933 (“the ‘33 Act”), the Internal Revenue Code (“IRC”), and any laws, rules and regulations of governmental authorities having jurisdiction over the Fund.

  • Investment Company Act; Public Utility Holding Company Act Neither the Borrower nor any Subsidiary is (a) an "investment company" as defined in, or subject to regulation under, the Investment Company Act of 1940 or (b) a "holding company" as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935.