Additional Group Payment Responsibility Sample Clauses
The "Additional Group Payment Responsibility" clause establishes that certain parties within a group are collectively or individually responsible for making additional payments if required under the agreement. This clause typically applies when a primary obligor fails to meet payment obligations, triggering a requirement for other group members—such as affiliates, subsidiaries, or parent companies—to cover the shortfall. Its core practical function is to ensure that the payment obligations are fulfilled even if the main party defaults, thereby reducing the risk of non-payment for the beneficiary.
Additional Group Payment Responsibility. Notwithstanding any provision of this Exhibit G-2 to the contrary, Group shall be financially responsible for Out-of-Network Covered Services provided by Non-Group Providers to the extent such services were obtained by the BSC POS Member on an Out-of-Network basis as a direct result of Group’s failure, on an In-Network basis, to timely provide or arrange for such Covered Services for the BSC POS Member. Such services shall be excluded from the POS Out-of-Network Fund settlement.