Common use of NOTICE OF DEFAULT AND CURE OF DEFAULT WHEN APPLICABLE Clause in Contracts

NOTICE OF DEFAULT AND CURE OF DEFAULT WHEN APPLICABLE. THE ADMINISTRATION will provide INSURER with written notice of default (Notice of Default) under this contract. The Notice of Default may be given by any means that provides verification of receipt. The Notice of Default must contain the following information: i. A clear and concise statement of the circumstances or conditions that constitute a default under this contract; ii. The contract provision(s) under which default is being declared; iii. A clear and concise statement of how and/or whether the default may be cured; iv. A clear and concise statement of the time period during which INSURER, when applicable, may cure the default; v. The remedy or remedies THE ADMINISTRATION is electing to pursue and when the remedy or remedies will take effect; vi. If THE ADMINISTRATION is electing to impose civil monetary penalties, the amount that THE ADMINISTRATION intends to withhold or impose and the factual basis on which THE ADMINISTRATION is imposing the chosen remedy or remedies; vii. Whether any part of a civil monetary penalty, if THE ADMINISTRATION elects to pursue these remedy, may be passed through to an individual or entity who is or may be responsible for the act or omission for which default is declared; viii. Whether failure to cure the default within the given time period, if any, will result in THE ADMINISTRATION pursuing an additional remedy or remedies, including, but not limited to, additional sanctions, referral for investigation or action by another agency, and/or termination of the contract.

NOTICE OF DEFAULT AND CURE OF DEFAULT WHEN APPLICABLE. THE ADMINISTRATION will provide INSURER with written notice of default (Notice of Default) under this contract. The Notice of Default may be given by any means that provides verification of receipt. The Notice of Default must contain the following information: i. (i) A clear and concise statement of the circumstances or conditions that constitute a default under this contract; (ii. ) The contract provision(s) under which default is being declared; (iii. ) A clear and concise statement of how and/or whether the default may be cured; (iv. ) A clear and concise statement of the time period during which INSURER, when applicable, may cure the default; v. (v) The remedy or remedies THE ADMINISTRATION is electing to pursue and when the remedy or remedies will take effect; (vi. ) If THE ADMINISTRATION is electing to impose civil monetary penalties, the amount that THE ADMINISTRATION intends to withhold or impose and the factual basis on which THE ADMINISTRATION is imposing the chosen remedy or remedies; (vii. ) Whether any part of a civil monetary penalty, if THE ADMINISTRATION elects to pursue these remedy, may be passed through to an individual or entity who is or may be responsible for the act or omission for which default is declared; (viii. ) Whether failure to cure the default within the given time period, if any, will result in THE ADMINISTRATION pursuing an additional remedy or remedies, including, but not limited to, additional sanctions, referral for investigation or action by another agency, and/or termination of the contract.

NOTICE OF DEFAULT AND CURE OF DEFAULT WHEN APPLICABLE. THE ADMINISTRATION will provide INSURER with written notice of default (Notice of Default) under this contract. The Notice of Default may be given by any means that provides verification of receipt. The Notice of Default must contain the following information: i. (i) A clear and concise statement of the circumstances or conditions that constitute a default under this contract; (ii. ) The contract provision(sprovisions) under which default is being declared; (iii. ) A clear and concise statement of how and/or whether the default may be cured; (iv. ) A clear and concise statement of the time period during which INSURER, when applicable, may cure the default; v. (v) The remedy or remedies THE ADMINISTRATION is electing to pursue and when the remedy or remedies will take effect; (vi. ) If THE ADMINISTRATION is electing to impose civil monetary penalties, the amount that THE ADMINISTRATION intends to withhold or impose and the factual basis on which THE ADMINISTRATION ADMINISTRATION. is imposing the chosen remedy or remedies; (vii. ) Whether any part of a civil monetary penalty, if THE ADMINISTRATION elects to pursue these remedy, may be passed through to an individual or entity who is or may be responsible for the act or omission for which default is declared; (viii. ) Whether failure to cure the default within the given time period, if any, will result in THE ADMINISTRATION pursuing an additional remedy or remedies, including, but not limited to, additional sanctions, referral for investigation or action by another agency, and/or termination of the contract.

NOTICE OF DEFAULT AND CURE OF DEFAULT WHEN APPLICABLE. THE ADMINISTRATION will provide INSURER the MBHO with written notice of default (Notice of Default) under this contract. The Notice of Default may be given by any means that provides verification of receipt. The Notice of Default must contain the following information: i. (i) A clear and concise statement of the circumstances or conditions that constitute a default under this contract; (ii. ) The contract provision(s) under which default is being declared; (iii. ) A clear and concise statement of how and/or whether the default may be cured; (iv. ) A clear and concise statement of the time reasonable time-period during which INSURERthe MBHO, when applicable, may cure the default; v. (v) The remedy or remedies THE ADMINISTRATION is electing to pursue and when the remedy or remedies will take effect; (vi. ) If THE the ADMINISTRATION is electing to impose civil monetary penalties, the amount that THE ADMINISTRATION intends to withhold or impose and the factual basis on which THE ADMINISTRATION is imposing the chosen remedy or remedies; (vii. ) Whether any part of a civil monetary penalty, if THE ADMINISTRATION elects to pursue these this remedy, may be passed through to an individual or entity who is or may be responsible for the act or omission for which default is declared; (viii. ) Whether failure to cure the default within the given time period, if any, will result in THE ADMINISTRATION pursuing an additional remedy or remedies, including, but not limited to, to additional sanctions, referral for investigation or action by another agency, and/or termination of the contract.