Notice to the Department. The Company shall report in writing to the Department any of the following events not more than 30 days after the occurrence of such event: (i) the Company makes or receives a proposal for the transfer to a successor taxpayer of its obligation to pay Illinois State Income Taxes; (ii) the number of New Employees falls below the number set forth in Section IV.C(i); (iii) if applicable, the amount of Retained Employees falls below the number set forth in Section IV.D(i); (iv) the Company’s total employee headcount in Illinois falls below the baseline set forth in Section IV.C(i); (v) the amount of the Payroll for New Employees falls below the amount set forth in Section IV.C(ii); (vi) if applicable, the amount of the Payroll for Retained Employees falls below the amount set forth in Section IV.D(ii); (vii) the amount of Capital Improvements falls below the amount set forth in Section IV.B; (viii) the Company intends to no longer maintain operations at the Project; (ix) the Project will not be Placed In Service in the time frame established in Section IV.E; (x) any of the Company’s representations and warranties set forth in Section V are no longer true and correct; or (xi) the Company has defaulted on any of its obligations under any grant, loan or other agreement with the State of Illinois or any governmental entity within the State of Illinois.
Notice to the Department. The Company shall report in writing to the Department any of the following events not more than 30 days after knowledge of the occurrence of such event: (i) the Company makes or receives a proposal for the transfer to a successor taxpayer of its obligation to pay Illinois State Income Taxes; (ii) the number of New Employees falls below the number set forth in Section IV.C(i); (iii) if applicable, the amount of Retained Employees falls below 6,000 (iv) the amount of the Payroll for New Employees falls below the amount set forth in Section IV.C(ii); (v) if applicable, the amount of the Payroll for Retained Employees falls below the amount set forth in Section IV.D(ii); (vi) the amount of Capital Improvements falls below the amount set forth in Section IV.B; (vii) the Company intends to no longer maintain operations at the Project;
Notice to the Department. The Bank will use its best efforts to notify the Department of any such participation but the failure to provide such notice will have no impact on the effectiveness of such participation.
Notice to the Department. The Company shall report in writing to the Department any of the following events not more than 30 days after knowledge of the occurrence of such event: (i) the Company makes or receives a proposal for the transfer to a successor taxpayer of its obligation to pay Illinois State Income Taxes; (ii) the number of New Employees falls below the number set forth in Section IV.C(i); (iii) if applicable, the amount of Retained Employees falls below 6,000 (iv) the amount of the Payroll for New Employees falls below the amount set forth in Section IV.C(ii); (v) if applicable, the amount of the Payroll for Retained Employees falls below the amount set forth in Section IV.D(ii); (vi) the amount of Capital Improvements falls below the amount set forth in Section IV.B; (vii) the Company intends to no longer maintain operations at the Project; (viii) the Project will not be Placed In Service in the time frame established in Section IV.E; (ix) any of the Company’s representations and warranties set forth in Section V are no longer true and correct; (x) the Project is no longer primarily focused on a REV-Eligible Activity, or, for an Electric Vehicle Power Supply Manufacturer, focused on the manufacture of Electric Vehicle power supply; or (xi) the Company has defaulted on any of its obligations under any grant, loan or other agreement with the State of Illinois or any governmental entity within the State of Illinois.
Notice to the Department of CMS-issued communications
(a) The Contractor shall submit copies of the following documents to the Department at XXXXXXXXX@xxx.xxxxxxxxx.xxx within 5 business days after receipt from CMS:
1. CMS program audit notices and findings;
2. CMS-issued compliance actions, including notices of non-compliance from CMS, warning letters, and sanctions;
3. CMS notices of Medicare star ratings less than 3.0
4. Notices of significant changes to the terms of the D-SNP’s contract with CMS, including D- SNP non-renewals and terminations
(b) Within 5 business days of submission to CMS, the Contractor shall submit to the Department at XXXXXXXXX@xxx.xxxxxxxxx.xxx copies of any documents submitted in response to the CMS notices specified in Article VII.16.(a).1-4.
