Insolvency of the Contractor. The Contractor shall be deemed to be insolvent if it has ceased to pay its debts for at least 60 days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not the Contractor is insolvent within the meaning of the Federal Bankruptcy Code;
Appears in 8 contracts
Samples: 24 Hour Residential Treatment Contract, Department of Mental Health Legal Entity Contract, 24 Hour Residential Treatment Contract
Insolvency of the Contractor. The Contractor shall be deemed to be insolvent if it has ceased to pay its debts for at least 60 sixty (60) days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not the Contractor is insolvent within the meaning of the Federal Bankruptcy Code;
Appears in 7 contracts
Samples: Electronic Payment Processing Services Agreement, Master Agreement, Agreement for Demographic Services
Insolvency of the Contractor. The Contractor shall will be deemed to be insolvent if it has ceased to pay its debts for at least 60 sixty (60) days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not the Contractor is insolvent within the meaning of the Federal Bankruptcy Code;
Appears in 3 contracts
Samples: Mental Health Legal Entity Contract, Contract for Third Party Administration Services, Department of Mental Health Legal Entity Contract
Insolvency of the Contractor. The Contractor shall will be deemed to be insolvent if it has ceased to pay its debts for at least 60 days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not the Contractor is insolvent within the meaning of the Federal Bankruptcy Code;
Appears in 2 contracts
Samples: Pharmacy Benefit Management Services Contract, 24 Hour Residential Treatment Contract
Insolvency of the Contractor. The Contractor shall be deemed to be insolvent if it has ceased to pay its debts for at least 60 days Business Days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not the Contractor is insolvent within the meaning of the Federal Bankruptcy Code;
Appears in 1 contract
