PREFERRED PROVIDER’S DEBT Sample Clauses

PREFERRED PROVIDER’S DEBT. IF PREFERRED PROVIDER, AT ANY TIME DURING THE TERM OF THIS AGREEMENT, INCURS A DEBT, AS THE WORD IS DEFINED IN SECTION 15-122 OF THE HOUSTON CITY CODE OF ORDINANCES, IT SHALL IMMEDIATELY NOTIFY THE CITY CONTROLLER IN WRITING. IF THE CITY CONTROLLER BECOMES AWARE THAT PREFERRED PROVIDER HAS INCURRED A DEBT, HE OR SHE SHALL IMMEDIATELY NOTIFY PREFERRED PROVIDER IN WRITING. IF PREFERRED PROVIDER DOES NOT PAY THE DEBT WITHIN 30 DAYS OF EITHER SUCH NOTIFICATION, THE CITY CONTROLLER MAY DEDUCT FUNDS IN AN AMOUNT EQUAL TO THE DEBT FROM ANY PAYMENTS OWED TO PREFERRED PROVIDER UNDER THIS AGREEMENT, AND PREFERRED PROVIDER WAIVES ANY RECOURSE THEREFOR. PREFERRED PROVIDER SHALL FILE A NEW AFFIDAVIT OF OWNERSHIP, USING THE FORM DESIGNATED BY CITY, BETWEEN FEBRUARY 1 AND MARCH 1 OF EVERY YEAR DURING THE TERM OF THIS AGREEMENT. EXHIBIT “I-F” INSURANCE
Sample 1
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Related to PREFERRED PROVIDER’S DEBT

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