Immediate Automatic Termination Sample Clauses
The Immediate Automatic Termination clause defines circumstances under which an agreement ends instantly and without the need for prior notice or further action by either party. Typically, this clause applies in situations such as insolvency, material breach, or illegal activity, where the contract is considered void the moment the triggering event occurs. Its core practical function is to provide certainty and protection by ensuring that parties are not bound to continue a relationship when critical issues arise, thereby minimizing risk and potential losses.
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Immediate Automatic Termination. This Agreement shall automatically terminate solely with respect to particular Network Providers immediately upon the occurrence of the following:
Immediate Automatic Termination. This Agreement shall terminate immediately in the event that the Specialty Provider’s license, or the license of any of the principal associated with Specialty Provider or other health professionals in association with Specialty Provider, is revoked in any State or, if Specialty Provider or any of the providers or health professionals associated or affiliated with Specialty Provider is convicted of a felony or a crime involving moral turpitude.
Immediate Automatic Termination. This Agreement shall terminate immediately in the event that the Ancillary Provider’s license to practice medicine, or the license of any of the principal physicians or other health professionals in association with Ancillary Provider, is revoked in any State or if the Ancillary Provider or any of the physicians or health professionals associated or affiliated with Ancillary Provider is convicted of a felony or a crime involving moral turpitude.
Immediate Automatic Termination. This Agreement shall automatically terminate solely with respect to particular MSO Providers immediately upon the occurrence of the following:
Immediate Automatic Termination. This Agreement shall terminate immediately in the event that the Primary Care Provider’s license, or the license of any of the principal associated with Primary Care Provider or other health professionals in association with Primary Care Provider, is revoked in any State, or if Primary Care Provider or any of the providers or health professionals associated or affiliated with Primary Care Provider is convicted of a felony or a crime involving moral turpitude.