HMO LICENSURE Clause Samples

HMO LICENSURE. By any HMO Subsidiary (as to such HMO Subsidiary or any of its Operating Units) if PBHC fails to perform at a level above the Termination Standards in any category designated on ATTACHMENT D-L and either (i) such failure causes the HMO Subsidiary or any such Operating Unit to lose its state licensure or presents an imminent threat of such loss or (ii) as a primary result thereof, one or more Large Accounts terminates or elects not to renew its Benefit Contract with such HMO Subsidiary or any such Operating Unit. Such termination shall be effective upon 30 days written notice.