Advocate Aurora Quartz Commercial Product definition
Examples of Advocate Aurora Quartz Commercial Product in a sentence
If the AHC service area with respect to the Advocate Aurora Quartz Commercial Product has not expanded to include Illinois prior to the consummation of Phase 3, then on the Phase 3 Closing Date, QHC shall designate a portion of the Residual Phase 2 AHC Contribution as a nonrefundable capital contribution from AHC to QHC.
Any excess portion of the Phase 2 Closing Contribution of the amount in the preceding sentence (such portion referred to as the “Residual Phase 2 AHC Contribution”), shall be designated by QHC as an amount to support the Risk Based Capital needs of the Advocate Aurora Quartz Commercial Product.
In addition, if the AHC service area with respect to the Advocate Aurora Quartz Commercial Product expands to include Illinois prior to the Phase 3 Closing Date, then upon the date of the expansion, QHC shall designate a portion of the Residual Phase 2 AHC Contribution as a nonrefundable capital contribution from AHC to QHC.
In the event of any approved service area expansion or growth in membership with respect to the Advocate Aurora Quartz Commercial Product, AHC shall make additional capital contributions to the applicable QHC Subsidiary intended to support the Risk Based Capital needs for members attributed to the AHC risk pool (as determined in the applicable Related Agreement) for the Advocate Aurora Quartz Commercial Product (“AHC Service Area Expansion Contributions To QHC”).