Examples of Participating Claims in a sentence
Each Commitment Creditor agrees to take commercially reasonable efforts to provide prompt notice to counsel for the other Commitment Parties and the Debtors a notice in writing of any sale, transfer, assignment or other disposition of any of its Participating Claims, and in any event within five (5) Business Days of the consummation of such transaction, which may be satisfied by the delivery of a Joinder as provided hereunder by either the Permitted Transferee or a Transferor.
Upon Molina’s adjudication of the Non-Participating Claims as involving medically necessary, covered services and its determination that the Non-Participating Claims are payable, albeit payable at a rate Molina unilaterally decided, Molina’s liability for the Non- Participating Claims became reasonably clear.
Further, each Commitment Creditor has made no prior assignment, sale or other transfer of, and has not entered into any other agreement to assign, sell or otherwise transfer, in whole or in part, any portion of its right, title, or interests in such Participating Claims; provided, however, all Parties hereto acknowledge and agree that there may be such transactions between certain of the Commitment Creditors that remain pending as of the Agreement Effective Date.
Molina had not expressly agreed with the Plaintiffs to pay any of the Non- Participating Claims at a specific rate, and therefore Molina was required, and impliedly agreed, to comply with Texas Insurance Code § 1271.155(a) by paying Plaintiffs their billed charges or the “usual and customary rate” in their geographic area for the emergency medicine services provided to Molina Patients.
Each Backstop Shareholder agrees to take commercially reasonable efforts to provide prompt notice to counsel for the other Backstop Shareholders and the Debtors a notice in writing of any sale, transfer, assignment or other disposition of any of its Participating Claims, and in any event within two (2) Business Days of the consummation of such transaction.
More than 2,480 Participating Claims are filed with the Class Action Administrator.
This Agreement shall in no way be construed to preclude any Commitment Party from acquiring additional claims against or Equity Rights in any of the Debtors; provided that any such additional claims or Equity Rights shall, automatically be deemed to be Participating Claims of such Commitment Party and such acquired claims or Equity Rights shall be subject to all of the terms of this Agreement.
Gross Settlement Amount” means a potential aggregate sum not to exceed Seven Million Two Hundred and Twelve Thousand Five Hundred Dollars ($7,212,500), which Defendants have agreed to pay to settle the Litigation as set forth in this Agreement, subject, inter alia, to Defendants’ right to terminate this Agreement as set forth herein (including if the number of Participating Claims exceeds 2,480).
At all material times, the Plaintiffs were not parties to express participation agreements with Molina and did not agree to accept discounted rates from Molina or to be bound by Molina’s reimbursement policies or rate schedules with respect to any of the Non- Participating Claims for emergency medical services Plaintiffs rendered to Molina Patients.
The Director may, in respect of a person described in Subsection (1)(a) or (b), carry out such inspections and monitoring as the Director considers necessary in the interests of civil aviation safety.