Common use of Time and Manner of Payment Clause in Contracts

Time and Manner of Payment. (a) During the Contract Term and beginning after the Operational Start Date, HHSC will pay the monthly Capitation Payments by the 10th Business Day of each month. (b) The MCO must accept Capitation Payments by direct deposit into the MCO’s account. (c) HHSC may adjust the monthly Capitation Payment to the MCO in the case of an overpayment to the MCO; for Experience Rebate amounts due and unpaid, including any associated interest; and if monetary damages are assessed in accordance with Article 12, “Remedies and Disputes.” (d) HHSC’s payment of monthly Capitation Payments is subject to availability of federal and state appropriations. If appropriations are not available to pay the full monthly Capitation Payment, HHSC may: (1) equitably adjust Capitation Payments for all participating MCOs, and reduce scope of service requirements as appropriate in accordance with Article 8, “Amendments and Modifications,” or (2) terminate the Contract in accordance with Article 12, “Remedies and Disputes.”

Time and Manner of Payment. (a) During the Contract Term and beginning after the Operational Start Date, HHSC will pay the monthly Capitation Payments by the 10th Business Day of each month. (b) The MCO must accept Capitation Payments by direct deposit into the MCO’s account. (c) HHSC may adjust the monthly Capitation Payment to the MCO in the case of an overpayment to the MCO; for Experience Rebate amounts due and unpaid, including any associated interest; and if monetary damages (including any associated interest) are assessed in accordance with Article 12, “Remedies and Disputes.” (d) HHSC’s payment of monthly Capitation Payments is subject to availability of federal and state appropriations. If appropriations are not available to pay the full monthly Capitation Payment, HHSC may: (1) equitably adjust Capitation Payments for all participating MCOs, and reduce scope of service requirements as appropriate in accordance with Article 8, “Amendments and Modifications,” , or (2) terminate the Contract in accordance with Article 12, “Remedies and Disputes.”,

Time and Manner of Payment. (a) During the Contract Term and beginning after the Operational Start Date, HHSC will pay the monthly Capitation Payments by the 10th Business Day of each month. (b) The MCO must accept Capitation Payments by direct deposit into the MCO’s account. (c) HHSC may adjust the monthly Capitation Payment to the MCO MCO: in the case of an overpayment to the MCO; for Experience Rebate amounts due and unpaid, including any associated interest; and if monetary damages (including any associated interest) are assessed in accordance with Article 12, “12 (Remedies and Disputes).” (d) HHSC’s payment of monthly Capitation Payments is subject to availability of federal and state appropriations. If appropriations are not available to pay the full monthly Capitation Payment, HHSC may: (1) equitably adjust Capitation Payments for all participating MCOs, and reduce scope of service requirements as appropriate in accordance with Article 8, “8 (Amendments and Modifications,” ); or (2) terminate the Contract in accordance with Article 12, “Remedies and Disputes.”