Legislative, Regulatory or Administrative Change. In the event there is a change in a relevant federal or state statute or regulation, the adoption of new federal or state legislation, or a change in any reimbursement system, that is reasonably likely to materially and adversely affect the performance of either party under this Agreement or make this Agreement unlawful, the Parties shall immediately enter into good faith negotiations regarding an amendment or new agreement that complies with the law, regulation or policy and that approximates as closely as possible the position of the Parties prior to the change.
Appears in 3 contracts
Samples: Group Long Term Disability Insurance Agreement, Group Dental Preferred Provider Organization (Dppo) Insurance Agreement, Group Dental Health Maintenance Organization (Dhmo) Insurance Agreement
Legislative, Regulatory or Administrative Change. In the event there is shall be a change in a the relevant federal or state statute statutes or regulationregulations, the adoption of new federal or state legislation, or a change in any reimbursement system, that is any of which are reasonably likely to materially and adversely affect the performance of manner in which either party may perform under this Agreement or which shall make this Agreement unlawful, the Parties parties shall immediately enter into good faith negotiations regarding an amendment or a new service agreement that complies with the law, regulation or policy and that approximates as closely as possible the position of the Parties parties prior to the change.
Appears in 2 contracts
Samples: Group Health Insurance Agreement, Pharmacy Benefit Management Services Agreement
Legislative, Regulatory or Administrative Change. In the event If there is a change in a the relevant federal or state statute statutes or regulationregulations, the adoption of new federal or state legislation, or a change in any reimbursement system, that is any of which are reasonably likely to materially and adversely affect the performance of manner in which either party Party may perform under this Agreement or make that makes this Agreement unlawful, the Parties shall immediately enter into good faith negotiations regarding an amendment or a new service agreement that complies with the law, regulation regulation, or policy and that approximates as closely as possible the position of the Parties prior to the change.
Appears in 1 contract
Legislative, Regulatory or Administrative Change. In the event If there is a change in a the relevant federal or state statute statutes or regulationregulations, the adoption of new federal or state legislation, or a change in any reimbursement system, that is any of which are reasonably likely to materially and adversely affect the performance of manner in which either party Party may perform under this Agreement or make that makes this Agreement unlawful, the Parties shall immediately enter into good faith negotiations regarding an amendment or a new service agreement that complies with the law, regulation regulation, or policy and that approximates as closely as possible the position of the Parties prior to the change.
Appears in 1 contract
Legislative, Regulatory or Administrative Change. In the event If there is a change in a relevant federal or state statute or regulation, the adoption of new federal or state legislation, or a change in any reimbursement system, that is reasonably likely to materially and adversely affect the performance of either party under this Agreement or make this Agreement unlawful, the Parties shall immediately enter into good faith negotiations regarding an amendment or new agreement that complies with the law, regulation or policy and that approximates as closely as possible the position of the Parties prior to the change.
Appears in 1 contract
Samples: Third Party Administration Agreement
Legislative, Regulatory or Administrative Change. In the event there is of a change in a relevant applicable federal or state statute laws, regulations or regulation, the adoption of new federal or state legislation, or a change in any reimbursement system, rules that is reasonably likely to materially and adversely affect the performance of either party a Party’s obligations under this Agreement or which make this Agreement unlawful, the Parties shall immediately enter into good faith negotiations regarding an amendment or a new agreement arrangement that complies with the such changed or adopted law, regulation or policy and that approximates as closely as possible the position of the Parties prior to the changerule.
Appears in 1 contract
Samples: Services Agreement (Bowhead Specialty Holdings Inc.)