Common use of Effective Date and Term of CAP Clause in Contracts

Effective Date and Term of CAP. The Effective Date for this CAP shall be calculated in accordance with Paragraph II.14. of the Agreement (“Effective Date”). The period for compliance (“Compliance Term”) with the obligations assumed by Renown under this CAP shall begin on the Effective Date of this CAP and end two (2) years from the Effective Date, unless HHS has notified Renown under Section VIII hereof of its determination that Renown breached this CAP. In the event of such a notification by HHS under Section VIII hereof, the Compliance Term shall not end until HHS notifies Renown that it has determined that the breach has been cured. After the Compliance Term ends, Renown shall still be obligated to: (a) submit the Final Report as required by Section VI; and (b) comply with the document retention requirement in Section VII. Nothing in this CAP is intended to eliminate or modify Renown’s obligation to comply with the document retention requirements in 45 C.F.R. §§ 164.316(b) and 164.530(j).

Appears in 1 contract

Samples: Resolution Agreement

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Effective Date and Term of CAP. The Effective Date for this CAP shall be calculated in accordance with Paragraph II.14. paragraph II.14 of the Agreement (“Effective Date”). The period for compliance (“Compliance Term”) with the obligations assumed by Renown the Covered Entity under this CAP shall begin on the Effective Date of this CAP and end two (2) years from the Effective Date, unless HHS has notified Renown the Covered Entity under Section VIII hereof of its determination that Renown the Covered Entity breached this CAP. In the event of such a notification by HHS under Section VIII hereof, the Compliance Term shall not end until HHS notifies Renown the Covered Entity that it has determined that the breach has been cured. After the Compliance Term ends, Renown the Covered Entity shall still be obligated to: (a) submit the Final final Annual Report as required by Section section VI; and (b) comply with the document retention requirement in Section section VII. Nothing in this CAP is intended to eliminate or modify Renownthe Covered Entity’s obligation to comply with the document retention requirements in 45 C.F.R. §§ 164.316(b) and 164.530(j).

Appears in 1 contract

Samples: Resolution Agreement

Effective Date and Term of CAP. The Effective Date for this CAP shall be calculated in accordance with Paragraph II.14. paragraph II.14 of the Agreement (“Effective Date”). The period for compliance (“Compliance Term”) with the obligations assumed by Renown PBC under this CAP shall begin on the Effective Date of this CAP and end two (2) years from the Effective Date, unless before the end of the two (2) year period, HHS has notified Renown PBC under Section VIII VIII.B hereof of its determination position that Renown PBC breached this CAP. In the event of such a notification by HHS under Section VIII section VIII.B hereof, the Compliance Term shall not end until HHS either (1) notifies Renown PBC that it has determined that the breach has been curedcured or (2) notifies PBC under VIII.D hereof that it will seek imposition of a CMP. After the Compliance Term ends, Renown PBC shall still be obligated to: (a) to submit the Final final Annual Report as required by Section VI; VI and (b) comply with the document retention requirement in Section VII. Nothing in this CAP is intended to eliminate or modify RenownPBC’s obligation to comply with the document retention requirements in 45 C.F.R. §§ 164.316(b) and § 164.530(j).

Appears in 1 contract

Samples: Resolution Agreement

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Effective Date and Term of CAP. The Effective Date for this CAP shall be calculated in accordance with Paragraph II.14. paragraph II.9 of the Agreement (“Effective Date”). The period for compliance (“Compliance Term”) with the obligations assumed by Renown Xxxxxx under this CAP shall begin on the Effective Date of this CAP and end two one (21) years year from the Effective Date, unless HHS has notified Renown Xxxxxx under Section VIII hereof of its determination that Renown Xxxxxx breached this CAP. In the event of such a notification by HHS under Section VIII hereof, the Compliance Term shall not end until HHS notifies Renown has notified Xxxxxx that it has determined that the breach has been cured. After the Compliance Term ends, Renown Xxxxxx shall still be obligated to: (a) submit the Final final Annual Report as required by Section section VI; and (b) comply with the document retention requirement in Section section VII. Nothing in this CAP is intended to eliminate or modify Renown’s Xxxxxx’x obligation to comply with the document retention requirements in 45 C.F.R. §§ 164.316(b) and 164.530(j).

Appears in 1 contract

Samples: Resolution Agreement

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