Common use of NYP’s Response Clause in Contracts

NYP’s Response. NYP shall have thirty (30) days from the date of receipt of the Notice of Breach and Intent to Impose CMP to demonstrate to HHS’ satisfaction that: 1. NYP is in compliance with the obligations of the CAP cited by HHS as being the basis for the breach; 2. The alleged breach has been cured; or 3. The alleged breach cannot be cured within the 30-day period, but that: (i) NYP has begun to take action to cure the breach; (ii) NYP is pursuing such action with due diligence; and (iii) NYP has provided to HHS a reasonable timetable for curing the breach.

Appears in 2 contracts

Samples: Resolution Agreement, Resolution Agreement

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NYP’s Response. NYP shall have thirty (30) days from the date of receipt of the Notice of Breach and Intent to Impose CMP to demonstrate to HHS’ satisfaction that: 1. NYP is in compliance with the obligations of the CAP that HHS cited by HHS as being the basis for the breach; 2. The alleged breach has been cured; or 3. The alleged breach cannot be cured within the 30-day period, but that: : (ia) NYP has begun to take action to cure the breach; ; (iib) NYP is pursuing such action with due diligence; and and (iiic) NYP has provided to HHS a reasonable timetable for curing the breach.

Appears in 2 contracts

Samples: Resolution Agreement, Resolution Agreement

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