Common use of Qualified Directors Clause in Contracts

Qualified Directors. Maintain for each of the Professional Corporations a Board of Directors of at least three (3) members who shall be persons (i) duly licensed to practice in the medical industry in the applicable jurisdiction and that each such person shall be designated as a licensed professional in accordance with the Professional Corporation Act of such jurisdiction, (ii) who are otherwise qualified hereunder and (iii) who are not legally disqualified (temporarily or permanently) under the Professional Corporation Act (a licensed person who is not legally disqualified is hereinafter referred to as a "QUALIFIED MEDICAL PROFESSIONAL");

Qualified Directors. Maintain for each of the Professional Corporations a Board of Directors of at least three five (35) members who shall be persons (i) duly licensed to practice in the medical industry in the applicable jurisdiction and that each such person shall be designated as a licensed professional in accordance with the Professional Corporation Act of such jurisdiction, (ii) who are otherwise qualified hereunder and (iii) who are not legally disqualified (temporarily or permanently) under the Professional Corporation Act (a licensed person who is not legally disqualified is hereinafter referred to as a "QUALIFIED MEDICAL PROFESSIONAL");