Common use of Financial Guarantee Clause in Contracts

Financial Guarantee. A. The ACO must have the ability to repay all Shared Losses and Other Monies Owed for which it may be liable under the terms of the Agreement and shall provide a financial guarantee in accordance with terms set forth in Appendix H. B. The ACO shall submit documentation of such financial guarantee in accordance with Appendix H. C. Any changes made to a financial guarantee must be approved in advance by CMS. D. Nothing in the Agreement or its Appendices shall be construed to limit the ACO’s liability to pay any Shared Losses or Other Monies Owed in excess of the amount of the financial guarantee.