Common use of State Health Agency Event of Default Clause in Contracts

State Health Agency Event of Default. a. The Insurer can terminate this Insurance Contract upon the occurrence of non payment of instalment premium within 90 days of the due date by the State Health Agency that remains uncured despite receipt of a 15 day cure notice or Preliminary Termination Notice from the Insurer (a State Health Agency Event of Default), provided that such event is not attributable to a Force Majeure Event. b. Upon the occurrence of a State Health Agency Event of Default (non-payment of instalment of premium within 90 days of from the Premium Due Date), the Insurer may, without prejudice to any other right it may have under this Insurance Contract, in law or at equity, issue a Preliminary Termination Notice to the State Health Agency. If the State Health Agency fails to remedy or rectify the State Health Agency Event of Default stated in the Preliminary Termination Notice issued by the Insurer within 15 days of receipt of the Preliminary Termination Notice, the Insurer will be entitled to terminate this Insurance Contract by issuing a Final Termination Notice. c. The SHA or its employees, or representatives engage in any corrupt or fraudulent practices which are prohibited under relevant national and state level Anti Curruption laws. d. The SHA has failed to perform or discharge any of its obligations in accordance with the provisions of the Insurance Contract with Insurer unless such event has occurred because of a Force Majeure Event,

State Health Agency Event of Default. a. The Insurer can terminate this Insurance Contract upon the occurrence of non non-payment of instalment premium within 90 days of the due date by the State Health Agency that remains uncured despite receipt of a 15 day cure notice or Preliminary Termination Notice from the Insurer (a State Health Agency Event of Default), provided that such event is not attributable to a Force Majeure Event. b. Upon the occurrence of a State Health Agency Event of Default (non-payment of instalment of premium within 90 days of from the Premium Due Date), the Insurer may, without prejudice to any other right it may have under this Insurance Contract, in law or at equity, issue a Preliminary Termination Notice to the State Health Agency. If the State Health Agency fails to remedy or rectify the State Health Agency Event of Default stated in the Preliminary Termination Notice issued by the Insurer within 15 days of receipt of the Preliminary Termination Notice, the Insurer will be entitled to terminate this Insurance Contract by issuing a Final Termination Notice. c. The SHA or its employees, or representatives engage in any corrupt or fraudulent practices which are prohibited under relevant national and state level Anti Curruption Anti-Corruption laws. d. The SHA has failed to perform or discharge any of its obligations in accordance with the provisions of the Insurance Contract with Insurer unless such event has occurred because of a Force Majeure Event,

State Health Agency Event of Default. a. The Insurer ISA can terminate this Insurance Implementation Support Contract upon the occurrence of non payment of instalment premium Fee within 90 days of the due date by the State Health Agency that remains uncured despite receipt of a 15 day cure notice or Preliminary Termination Notice from the Insurer ISA (a State Health Agency Event of Default), provided that such event is not attributable to a Force Majeure Event. b. Upon the occurrence of a State Health Agency Event of Default (non-payment of instalment of premium within Fee after 90 days of from the Premium Due Datedaysof dueof payment), the Insurer ISA may, without prejudice to any other right it may have under this Insurance Implementation Support Contract, in law or at equity, issue a Preliminary Termination Notice to the State Health Agency. If the State Health Agency fails to remedy or rectify the State Health Agency Event of Default stated in the Preliminary Termination Notice issued by the Insurer ISA within 15 days of receipt of the Preliminary Termination Notice, the Insurer ISA will be entitled to terminate this Insurance Implementation Support Contract by issuing a Final Termination Notice. c. The SHA or its employees, or representatives engage in any corrupt or fraudulent practices which are prohibited under relevant national and state level Anti Curruption Corruption laws. d. The SHA has failed to perform or discharge any of its obligations in accordance with the provisions of the Insurance Implementation Support Contract with Insurer ISA unless such event has occurred because of a Force Majeure Event,