Permitted Baptist Transferee

Permitted Baptist Transferee. Means (i) the Foundation, (ii) any Person that acquires all or substantially all of the membership interests of Baptist, and (iii) any Person that acquires all or substantially all of the assets and properties of Baptist.

Permitted Baptist Transferee. (i) the Foundation, (ii) any Person that acquires or has conveyed to it all or substantially all of the membership interests of Baptist, and (iii) any Person that acquires or has conveyed to it all or substantially all of the assets and properties of Baptist, including, without limitation, by merger, consolidation, sale, grant or other conveyance, and for purposes of applying the "all or substantially all" standard to any such asset conveyance, less any untransferred assets retained as... reasonable reserves for contingent or other unsatisfied Baptist liabilities. View More