Common use of RESTRICTIVE COVENANT NOT TO COMPETE Clause in Contracts

RESTRICTIVE COVENANT NOT TO COMPETE. For a period of two (2) years from the date of closing, Seller and its affiliates are restricted from opening NEW outpatient, exclusive physical therapy practices within 25 blocks of Seller's Manhattan facility located at 130 Williams Street. Seller represents that, for a period of two (2) ▇▇▇▇▇, ▇▇ ▇▇▇▇ ▇▇▇ solicit physical therapy referral business from any source which is presently referring physical therapy patients to The Practice being purchased. Seller shall execute at closing, such documents as will evidence this surviving provision. To the extent a court of competent jurisdiction determines this provision to be excessively restrictive, the Parties agree to abide by any modification acceptable to such court.

RESTRICTIVE COVENANT NOT TO COMPETE. For a period of two (2) years from the date of closing, Seller and its affiliates are restricted from opening NEW outpatient, exclusive physical therapy practices within 25 blocks of Seller's Manhattan facility located at 130 Williams Street▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, New York, New York. Seller and their affiliates represents that, for a period of two (2) ▇▇▇▇▇years, ▇▇ ▇▇▇▇ ▇▇▇ they will not solicit physical therapy referral business from any source which is presently referring physical therapy patients to The Practice being purchased. Seller shall execute at closing, such documents as will evidence this surviving provision. To the extent a court of competent jurisdiction determines this provision to be excessively restrictive, the Parties agree to abide by any modification acceptable to such court.