Common use of Purchase Assets Clause in Contracts

Purchase Assets. The Group shall purchase, free and clear of all liens and encumbrances other than those arising from Practice Related Liabilities (as defined below), from Administrator, and/or Parent or its Affiliates, as the case may be, pursuant to subparagraph (c) below, all assets, tangible or intangible real or personal, of Administrator, Parent or their Affiliates that relate primarily to the Practice other than Administrator's, Parent's or their Affiliates' accounting and financial records (the "Purchase Assets"), including, but not limited to, without duplication, (i) all equipment, furniture, fixtures, furnishings, inventory, supplies, improvements, additions and leasehold improvements utilized by the Practice, (ii) any real estate owned by Administrator, Parent or Affiliates that is occupied by or used primarily for the benefit of the Practice, (iii) all unamortized intangible assets (including, without limitation, goodwill) set forth on the financial statements of Administrator, Parent or their Affiliates used in connection with the Practice or otherwise resulting from the Acquisition, (iv) all Confidential and Proprietary Information that relates solely to the Practice, and (v) all other assets that would be set forth on a balance sheet of Administrator, Parent or their Affiliates prepared as of the date of the Purchase Closing relating primarily to the Practice.

Appears in 1 contract

Sources: Service Agreement (American Physician Partners Inc)

Purchase Assets. The Group shall purchase, free and clear of all liens and encumbrances other than those arising from Practice Related Liabilities (as defined below), from Administrator, and/or Parent or its Affiliates, as the case may be, pursuant to subparagraph (c) below, all assets, tangible or intangible real or personal, of Administrator, Parent or their Affiliates that relate primarily to the Practice other than Administrator's’s, Parent's ’s or their Affiliates' accounting and financial records (the "Purchase Assets"), including, but not limited to, without duplication, (i) all equipment, furniture, fixtures, furnishings, inventory, supplies, improvements, additions and leasehold improvements utilized by the Practice, (ii) any real estate owned by Administrator, Parent or Affiliates that is occupied by or used primarily for the benefit of the Practice, (iii) all unamortized intangible assets (including, without limitation, goodwill) set forth on the financial statements of Administrator, Parent or their Affiliates used in connection with the Practice or otherwise resulting from the Acquisition, (iv) all Confidential and Proprietary Information that relates solely to the Practice, and (v) all other assets that would be set forth on a balance sheet of Administrator, Parent or their Affiliates prepared as of the date of the Purchase Closing relating primarily to the Practice.

Appears in 1 contract

Sources: Service Agreement (Radiologix Inc)