Common use of Pro Rata State Allocation of Penalty Clause in Contracts

Pro Rata State Allocation of Penalty. The Pro Rata State Allocation of Penalty for Failure to Perform will be calculated in the same manner as the Pro Rata State Allocation of Monetary Penalty. That calculation is set forth in Attachment B to the Agreement. This means that each Signatory Regulator will receive the same percentage of any imposed Penalty for Failure to Perform that it received of the Monetary Penalty.

Appears in 4 contracts

Samples: Regulatory Settlement Agreement, Regulatory Settlement Agreement (HealthMarkets, Inc.), Regulatory Settlement Agreement

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