Common use of United Receivership Clause in Contracts

United Receivership. If United is placed in receivership pursuant to the relevant state receivership act: (a) Vendor shall have no automatic right to terminate this Agreement; (b) Vendor shall continue to maintain any systems, programs or other infrastructure notwithstanding such receivership and will make them available to the receiver for as long as Vendor continues to receive timely payment for services rendered; (c) all of the rights of United under this Agreement shall extend to the receiver; and (d) United’s books and records shall immediately be made available to the receiver and shall be turned over to the receiver immediately upon the receiver’s request.

Appears in 8 contracts

Samples: Behavioral Health Services Agreement, Dental Services Agreement, Physical Health Services Agreement

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