Common use of Immediate Termination by Ceres or PharMerica Clause in Contracts

Immediate Termination by Ceres or PharMerica. Notwithstanding any contrary provision in Section 14(a) above, Ceres or PharMerica may terminate this Agreement immediately, in addition to any other remedies provided by this Agreement or by law or equity (but in all cases subject to the limitations of Section 23(m)), by giving notice to the other upon the occurrence of any of the following: (i) The other suffers a Bankruptcy Event; (ii) The other becomes an Ineligible Person or voluntarily withdraws from its participation in Medicare; or (iii) The other assigns or attempts to assign this Agreement in violation of Section 23(c) below.

Appears in 3 contracts

Samples: Pharmacy Services Agreement (Safari Holding Corp), Pharmacy Services Agreement (Safari Holding Corp), Pharmacy Services Agreement (Safari Holding Corp)

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