Legislative Limitations Sample Clauses

Legislative Limitations. Notwithstanding any other provisions of this Agreement, if the governmental agencies (or their representatives) that administer Medicare or Medicaid, or any other payor, or any other federal, state or local government or agency, passes, issues or promulgates any law, rule, regulation, standard or interpretation at any time while this Agreement is in effect which prohibits, restricts, limits or in any way materially changes the method or amounts of reimbursement or payment for services rendered under this Agreement, or which otherwise materially affects either party's rights or obligations hereunder, either party may give the other party notice of intent to amend this Agreement to the satisfaction of the noticing party, to reflect the prohibition, restriction, limitation or change, provided, however, that no such amendment shall alter the basic economic status of the parties pursuant to this Agreement. If this Agreement is not so amended in writing within sixty (60) days after such notice is given, the parties agree to submit the issue of such an amendment to arbitration in accordance with subparagraph 15(k); provided, however, that if at the election of either party, a formal appeal is filed with the relevant governmental agency, or a suit is filed in a court of competent jurisdiction, so as to stay the implementation of any such law, rule, regulation, standard or interpretation, during the period of such stay, the right to amend as set forth above shall also be stayed.
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Legislative Limitations. Notwithstanding any other provision of this Agreement, if the governmental agencies (or their representatives) which administer Medicare or Medicaid, or any other third party payor, or any other federal, state or local government or agency passes, issues or promulgates any law, rule, regulation, standard or interpretation at any time while this Agreement is in effect which prohibits, restricts, limits or in any way adversely changes the method or amount of reimbursement, compensation or payment for services rendered by the Company (or its physician employees) under this Agreement, or which otherwise adversely affects either the Employee's or the Company's rights or obligations hereunder, then (i) the parties hereto shall, promptly upon notice from either party, negotiate in good faith to amend this Agreement to provide for such reimbursement, compensation or payment for services in a manner consistent with any prohibition, restriction, limitation and/or which takes into account any adverse change in reimbursement, compensation or payment for physician services, and (ii) in the event the parties are unable to reach agreement within ten (10) days after said notice is given, the Company shall have the option of either (x) assigning this Agreement (and the Company's rights and obligations hereunder) to an Affiliate (if such assignment cures or substantially alleviates such prohibition, restriction, limitation or adverse change) or (y) terminating this Agreement, and the rights and obligations of each of the parties hereunder, as of midnight on such tenth (10th) day.
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Legislative Limitations. Notwithstanding any other provisions of this Agreement, if the governmental agencies (or their representatives) that administer Medicare or Medicaid, or any other payor, or any other federal, state or local government or agency, passes, issues or promulgates any law, rule, regulation, standard or interpretation at any time while this Agreement is in effect which prohibits, restricts, limits or in any way materially changes the method or amounts of reimbursement or payment for services rendered under this Agreement, or either party may give the other party notice of intent to amend this Agreement to the satisfaction of the noticing party, to reflect the prohibition, restriction, limitation or change, provided, however, that no such amendment shall alter the basic economic status of the parties pursuant to this Agreement. If this Agreement is not so amended in writing within sixty (60) days after such notice is given, the parties agree to submit the issue of such an amendment to arbitration in accordance with subparagraph 15(k); provided, however, that if at the election of either party, a formal appeal is filed with the relevant governmental agency, or a suit is filed in a court of competent jurisdiction, so as to stay the implementation of any such law, rule, regulation, standard or interpretation, during the period of such stay, the right to amend as set forth above shall also be stayed.
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Legislative Limitations. In the event Medicare, Medicaid, CHAMPUS, or any third-party payor, or any other federal, state or local laws, rules, regulations, or interpretations (collectively "Legislation") at any time during the term of this Agreement prohibit, restrict, or in any way substantially change the method or amount of reimbursement or payment for Services under this Agreement, then this Agreement shall, in good faith, be negotiated for amendment by the parties to provide for payment of compensation in a manner consistent with any such prohibition, restriction, or limitation. If the Agreement is not amended prior to the effective date of such rule, regulation, or interpretation, this Agreement shall terminate as of the effective date of such Legislation.
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Legislative Limitations. Notwithstanding any other provisions of this Agreement, if the governmental agencies (or their representative) which administer Medicare or Medicaid, or any other payor, or any other Federal, state or local government or agency, the Board of Medicine, the Board of Nursing, the Agency for Health Care Administration, or passes, issues or promulgates any law, rule, regulation, standard or interpretation at any time while this Agreement is in effect which prohibits, restricts, limits or in any way materially changes the method or amounts of reimbursements or payment for services rendered under this Agreement, or which otherwise materially affects either party's rights or obligations hereunder, either party may give the other party notice of a desire to amend this Agreement to the satisfaction of the noticing party, which amendment shall be to the minimum extent necessary to comply with the law, rule or regulation in question and to preserve to the parties their original rights and duties to the maximum extent possible. Unless the other party objects to the amendment in writing within thirty (30) days of receipt of the notice to amend, the amendment shall be deemed automatically adopted. If the other party timely objects to the amendment, the parties shall attempt to agree on an amendment within an additional thirty (30) days. If the parties are unable to agree on an amendment, they shall submit the matter to confidential binding arbitration by the American Health Lawyers Association’s Alternative Dispute Resolution Service, which shall appoint an arbitrator to determine the minimum amendment necessary to comply with such law, rule or regulation, and to preserve to the parties their original rights and duties to the maximum extent possible. The decision of such arbitrator shall be final and binding on all parties. The cost of such arbitration shall be paid by the parties equally. Notwithstanding the above, if, at the election of either party, a formal appeal is filed with the relevant governmental agency, or a suit is filed in a court of competent jurisdiction, so as to stay the implementation of any such law, rule, regulation, standard or interpretation, during the period of such stay, the right to amend as set forth above shall also be stayed.
Sample 1
Legislative Limitations. In the event Medicare, Medicaid, or any other federal, state, or local laws, rules, regulations, or interpretations at any time during the term of this Agreement prohibit, restrict or in any way substantially change any aspect of this Agreement, then this Agreement shall, in good faith, be amended by the Parties to comply with any such prohibition, restriction, or limitation. If this Agreement is not amended prior to the effective date of such rule, regulation, or interpretation, this Agreement shall terminate as of such effective date.
Sample 1
Legislative Limitations. Notwithstanding any other provision of this Agreement, if the governmental agencies (or their representatives) which administer Medicare or Medicaid, or any other government third party payor program, or any other federal, state or local government or agency passes, issues or promulgates any law, rule, regulation, standard or interpretation at any time while this Agreement is in effect which prohibits, restricts, limits or in any way adversely changes the method or amount of reimbursement, compensation or payment for services rendered by the Company (or its physician employees) under this Agreement, or which otherwise adversely affects either the Employee’s or the Company’s rights or obligations hereunder, then (i) the parties hereto shall, promptly upon notice from either party, negotiate in good faith to amend this Agreement to provide for such reimbursement, compensation or payment for services in a manner consistent with any prohibition, restriction, limitation and/or which takes into account any adverse change in reimbursement, compensation or payment for physician services, and (ii) in the event the parties are unable to reach agreement within ten (10) days after said notice is given, the Company shall assign this Agreement (and the Company’s rights and obligations hereunder) to an Affiliate, so long as (1) such Affiliate is of equal or greater financial strength as the Company or (2) the Company guarantees the obligations of such Affiliate hereunder (if such assignment cures or substantially alleviates such prohibition, restriction, limitation or adverse change).
Sample 1
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Legislative Limitations. Notwithstanding any other provision of this Agreement, if the governmental agencies (or their representatives) which administer Medicare or Medicaid, or any other government third party payor program, or any other federal, state or local government or agency passes, issues or promulgates any law, rule, regulation, standard or interpretation at any time while this Agreement is in effect which prohibits, restricts, limits or in any way adversely changes the method or amount of reimbursement, compensation or payment for services rendered by Employee on behalf of the company or its Affiliates under this Agreement, or which otherwise adversely affects either Employee’s or the Company’s rights or obligations hereunder, then the parties hereto shall, promptly upon notice from either party, negotiate in good faith to amend this Agreement (taking into account Employee’s legal and ethical obligations to Employee’s patients) to provide for such reimbursement, compensation or payment for services in a manner reasonably acceptable to Employee and the Company and consistent with any prohibition, restriction, limitation and/or which takes into account any adverse change in reimbursement, compensation or payment for physician services.
Sample 1
Legislative Limitations. Notwithstanding any other provision of ----------------------- this Agreement, if the governmental agencies (or their representatives) which administer Medicare or Medicaid, or any other government third party payor program, or any other federal, state or local government or agency passes, issues or promulgates any law, rule, regulation, standard or
Sample 1

Related to Legislative Limitations

  • Anti-Money Laundering Legislation (a) Each Loan Party acknowledges that, pursuant to the Proceeds of Crime Money Laundering) and Terrorist Financing Act (Canada) and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws, under the laws of Canada (collectively, including any guidelines or orders thereunder, “AML Legislation”), Agent and Lenders may be required to obtain, verify and record information regarding each Loan Party, its respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of such Loan Party, and the transactions contemplated hereby. Administrative Borrower shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Lender or Agent, or any prospective assign or participant of a Lender or Agent, necessary in order to comply with any applicable AML Legislation, whether now or hereafter in existence.

  • Compliance with Money Laundering Legislation The Rights Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Rights Agent reasonably determines that such an act might cause it to be in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days' written notice to the Corporation, provided: (i) that the Rights Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction within such 10-day period, then such resignation shall not be effective.

  • OFAC; Sanctions; Anti-Corruption Laws; Anti-Money Laundering Laws No Loan Party or any of its Subsidiaries is in violation of any Sanctions. No Loan Party nor any of its Subsidiaries nor, to the knowledge of such Loan Party, any director, officer, employee, agent or Affiliate of such Loan Party or such Subsidiary (a) is a Sanctioned Person or a Sanctioned Entity, (b) has any assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. Each of the Loan Parties and its Subsidiaries has implemented and maintains in effect policies and procedures designed to ensure compliance with all Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws. Each of the Loan Parties and its Subsidiaries, and to the knowledge of each such Loan Party, each director, officer, employee, agent and Affiliate of each such Loan Party and each such Subsidiary, is in compliance with all Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws. No proceeds of any Loan made or Letter of Credit issued hereunder will be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity, or otherwise used in any manner that would result in a violation of any Sanction, Anti-Corruption Law or Anti-Money Laundering Law by any Person (including any Lender, Bank Product Provider, or other individual or entity participating in any transaction).

  • Canadian Anti-Money Laundering Legislation (a) Each Loan Party acknowledges that, pursuant to the Proceeds of Crime Act and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws (collectively, including any guidelines or orders thereunder, “AML Legislation”), the Secured Parties may be required to obtain, verify and record information regarding the Loan Parties and their respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of the Loan Parties, and the transactions contemplated hereby. Each Loan Party shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Secured Party or any prospective assignee or participant of a Secured Party, in order to comply with any applicable AML Legislation, whether now or hereafter in existence.

  • Sanctions; Anti-Corruption Laws The Borrower will maintain in effect policies and procedures designed to promote compliance by the Borrower, its Subsidiaries, and their respective directors, officers, employees, and agents with applicable Sanctions and with the FCPA and any other applicable anti-corruption laws.

  • Sanctions and Anti-Corruption Laws (a) None of the Borrower or any of its Subsidiaries or any of their respective directors, officers, employees, agents or affiliates is a Sanctioned Person.

  • Legislation Any reference in this Agreement to any legislation (whether primary legislation or regulations or other subsidiary legislation made pursuant to primary legislation) shall be construed as a reference to such legislation as the same may have been, or may from time to time be, amended or re-enacted.

  • Sanctions Concerns and Anti Corruption Laws (a) No Loan Party, nor any Subsidiary, nor, to the knowledge of the Loan Parties, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction.

  • Anti-Corruption Laws; Sanctions Conduct its businesses in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977, the UK Xxxxxxx Xxx 0000, and other applicable anti-corruption legislation in other jurisdictions and with all applicable Sanctions, and maintain policies and procedures designed to promote and achieve compliance with such laws and Sanctions.

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