Operating Liability. CONTRACTOR shall make the contributions required pursuant to the ACT to provide for the Operating Liability. If a trust fund is used, such fund shall be considered a Third Party Trust Fund according to the Rate Methodology (Exhibit B). If CONTRACTOR proposes to use other financial mechanisms for providing the Operator Liability required pursuant to State and Federal laws and regulations, such financial mechanism shall be subject to approval by the AGENCY. Any violation of this Paragraph shall constitute a major breach.
Appears in 8 contracts
Samples: Agency Agreement, Franchise Agreement, Franchise Agreement
