Common use of Termination by Administrator Clause in Contracts

Termination by Administrator. Administrator may terminate this Agreement by giving written notice thereof to the Group Practice (after the giving of and required notices and the expiration of any applicable waiting periods set forth below) upon the occurrence of any of the following events: (a) The Group Practice shall admit in writing its inability to generally pay its debts when due, apply for or consent to the appointment of a receiver, trustee or liquidator of all or substantially all of its assets, file a petition in bankruptcy or make an assignment for the benefit of creditors, or upon other action taken or suffered by the Group Practice, voluntarily or involuntarily, under any federal or state law for the benefit of debtors, except for the filing of a petition in involuntary bankruptcy against the Group Practice which is dismissed within ninety (90) days thereafter. (b) The Group Practice shall default in the performance of any material duty or material obligation imposed upon it by this Agreement, and such default shall continue for a period of ninety (90) days after written notice thereof has been given to the Group Practice by Administrator. (c) The Group Practice or any Physician (i) engages in any conduct or is formally accused of conduct for which such Physician's license to practice medicine reasonably would be expected to be subject to revocation or suspension, whether or not actually revoked or suspended, or (ii) is otherwise disciplined by any licensing, regulatory or professional entity or institution, the result of any of which event described in clause (i) or (ii) does or reasonably would be expected to materially adversely affect the Group Practice.

Termination by Administrator. Administrator may terminate this Agreement by giving written notice thereof to the Group Practice Clinic (after the giving of and required notices and the expiration of any applicable waiting periods set forth below) upon the occurrence of any of the following events: (a) The Group Practice Clinic shall admit in writing its inability to generally pay its debts when due, apply for or consent to the appointment of a receiver, trustee or liquidator of all or substantially all of its assets, file a petition in bankruptcy or make an assignment for the benefit of creditors, or upon other action taken or suffered by the Group PracticeClinic, voluntarily or involuntarily, under any federal or state law for the benefit of debtors, except for the filing of a petition in involuntary bankruptcy against the Group Practice Clinic which is dismissed within ninety sixty (9060) days thereafter. (b) The Group Practice Clinic shall default in the performance of any material duty or material obligation imposed upon it by this Agreement, and such default shall continue for a period of ninety sixty (9060) days after written notice thereof has been given to the Group Practice Clinic by Administrator. (c) A law firm with nationally recognized expertise in health care law and acceptable to the parties hereto renders an opinion to the parties hereto that (i) a material provision of this Agreement is in violation of applicable law or any court or regulatory agency enters an order finding a material provision of this Agreement is in violation of applicable law and (ii) this Agreement can not be amended pursuant to Section 11.6 hereof to cure such violation. (d) The Group Practice Clinic or any Physician Employee (i) engages in any conduct or is formally accused of conduct for which such Physician's the Physician Employees' license to practice medicine reasonably would be expected to be subject to revocation or suspension, whether or not actually revoked or suspended, or (ii) is otherwise disciplined by any licensing, regulatory or professional entity or institution, the result of any of which event described in clause (i) or (ii) does or reasonably would be expected to materially adversely affect the Group PracticeClinic.