Common use of Upon Insolvency or Cessation of Operations Clause in Contracts

Upon Insolvency or Cessation of Operations. If this Agreement terminates as a result of insolvency or cessation of operations of Company, and as to Members of HMOs that become insolvent or cease operations, then in addition to other obligations set forth in this section, Provider shall continue to provide Provider Services to: (a) all Members for the period for which premium has been paid; and (b) Members confined as inpatients on the date of insolvency or other cessation of operations until medically appropriate discharge. This provision shall be construed to be for the benefit of Members. No modification of this provision shall be effective without the prior written approval of the applicable regulatory agencies.

Upon Insolvency or Cessation of Operations. If this Agreement terminates as a result of insolvency or cessation of operations of Company, and as to Members of HMOs that become insolvent or cease operations, then in addition to other obligations set forth in this section, Provider shall continue to provide Provider Services to: (a) all Members for the period for which premium has been paid; and (b) Members confined as inpatients on the date of insolvency or other cessation of operations until medically appropriate discharge. paid This provision shall be construed to be for the benefit of Members. No modification of this provision shall be effective without the prior written approval of the applicable regulatory agencies.

Upon Insolvency or Cessation of Operations. If this Agreement terminates as a result of insolvency or cessation of operations of Companya Company Affiliate that is an HMO, and as to Members of HMOs that become insolvent or cease operations, then in addition to the other obligations set forth in this section, Provider Pharmacy shall continue to provide Provider Covered Services to: (a) to all Members for the period for which premium has been paid; and (b) Members confined as inpatients on the date of insolvency or other cessation of operations until medically appropriate discharge. This provision section shall be construed to be for the benefit of Members. No modification of to this provision section shall be effective without the prior written approval of the applicable regulatory agencies.