Insolvency or Cessation of Operations Sample Clauses

Insolvency or Cessation of Operations. If this Agreement terminates as a result of insolvency or cessation of operations of NYLCare Mid-Atlantic, and as to Enrollees of NYLCare Mid-Atlantic that become insolvent or cease operations, then in addition to other obligations set forth elsewhere in this Section, Doctors Health shall cause all Doctors Health Participating Providers to continue to provide Covered Services to Enrollees for the lesser of: (1) thirty (30) calendar days; (2) the period for which premium has been paid;
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Insolvency or Cessation of Operations. If WAQUA, at any time ceases its business operations for a period of sixty (60) consecutive days, or becomes insolvent.
Sample 1
Insolvency or Cessation of Operations. Provider agrees that, in the event of TrueCare’s insolvency or cessation of operations, Covered Services shall continue through the period of paid premium or discharge from an inpatient facility, whichever period is greater. If a Covered Person is hospitalized at time of insolvency or cessation of operations, Covered Services provided in an inpatient facility will continue until the services are no longer medically necessary.
Sample 1
Insolvency or Cessation of Operations. Provider agrees that, in the event of TrueCare’s insolvency or cessation of operations, Covered Services shall continue through the period of paid premium or discharge from an inpatient facility, whichever period is greater. If a Covered Person is hospitalized at the time of insolvency or cessation of operations, Covered Services provided in an inpatient facility will continue until the services are no longer medically necessary. MS MCD i. Provider’s billed charges, or ii. 100% of the prevailing Mississippi Medicaid fee schedule. For Outpatient Drugs and Services that are Medically Necessary Covered Benefits, CareSource shall reimburse Provider the lesser of the following, (with the exception of those drugs that may be available through a specialty pharmacy benefits manager): i. Provider’s billed charges; or ii. 100% of the Medicaid allowed amount applicable to Provider as published annually in the Federal Register and based on valid codes recognized by the Centers for Medicare and Medicaid Services (CMS) in effect on the date of service (the “Medicaid Allowed Amount”); or
Sample 1

Related to Insolvency or Cessation of Operations

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Cessation of Business Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

  • Continuity of Operations Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Change of Operations Uniforms To: Members of Local Union 295 Dear Brothers and Sisters: As you know, we have a tentative agreement for the UPS Cartage Services, Inc. Supplemental Agreement. Article 2 of the re-negoti- ated CSI Supplement outlines the National Master UPS Agreement (NMA) Articles that may be applied to your Addendum. You will note that several NMA articles are not applicable. These are sub- jects that are either addressed in the CSI Supplement or are not op- erationally applicable to CSI. Where there are two provisions covering the same subject, one in the Local Addendum and one in the National Master UPS Agree- ment, the following provisions of the National Master UPS Agree- ment shall apply:

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

  • Cessation A Person shall cease to be a General Partner upon the transfer of its entire interest in the Partnership or upon any event of withdrawal set forth in the Act. Upon the occurrence of any such event of withdrawal, such Person or its transferee shall have the right to receive distributions and allocations with respect to its Partnership interest, shall be treated as the transferee of a Limited Partner, and shall have the right to become a Substituted Limited Partner upon the unanimous written consent of the Limited Partners.

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