Common use of Cures Clause in Contracts

Cures. In the event that the Contractor fails to meet performance standards for Mailing, Enrollment, Data Transfers and Reporting as referenced above, the State will send written notification and designate a period of time, not to be less than ten business days, in which the Contractor must provide a written response to the notification. Such response may include a corrective action plan which, among other things, will propose a cure period. The State shall review the response and either reject or accept the corrective action plan. If rejected, Contractor will propose a modified corrective action plan based on feedback from the State. Once the corrective action plan has been accepted by the State, Contractor will be afforded a reasonable cure implementation period, not less than 20 business days, during which time the Contractor may remedy the issue and return to compliance. Should the Contractor fail to remedy the issue, the State may notify the Contractor of its intent to assess the Payment Discount and the amount of the Payment Discount. All Payment Discounts will be deducted from the Contractor’s retainage payments as outlined above.

Cures. In the event that the Contractor fails to meet performance standards for Mailing, Enrollment, Data Transfers and Reporting as referenced above, the State will send written notification and designate a period of time, not to be less than ten business days, in which the Contractor must provide a written response to the notification. Such response notification which may include a corrective action plan which, among other things, will propose a cure period. The State shall review the response and either reject or accept the corrective action plan. If rejected, Contractor will propose a modified corrective action plan based on feedback from the State. Once the corrective action plan has been accepted by the State, Contractor will be afforded a reasonable cure implementation period, not less than 20 business days, during which time the Contractor may remedy the issue and return to compliance. Should the Contractor fail to remedy the issue, the State may notify the Contractor of its intent to assess the Payment Discount and the amount of the Payment Discount. All Payment Discounts will be deducted from the Contractor’s retainage payments as outlined above.