MHC Sample Clauses
The MHC clause, often referring to "Material Health Change" or "Material Health Condition," is designed to address significant changes in the health status of a party, typically in insurance or lending agreements. This clause usually requires the party to disclose any substantial deterioration or alteration in their health after the agreement is signed but before the contract is fully executed or a benefit is paid. For example, if an insured individual is diagnosed with a serious illness after applying for coverage but before the policy is issued, the MHC clause obligates them to inform the insurer. The core function of this clause is to ensure transparency and allow the other party to reassess risk or adjust terms accordingly, thereby preventing adverse selection and maintaining fairness in the contractual relationship.
MHC. “MHC” shall mean Prudential Mutual Holding Company, the parent mutual holding company for the Corporation and the Bank.
MHC. “MHC” shall mean Home Federal Mutual Holding Company of Louisiana, the parent mutual holding company for the Corporation and the Association.
MHC. A multi-hospital campus consisting of an IRF and an LTCH, operated on the Leased Property, or a portion thereof, all licensed in the state of their location. MHC Facilities: Collectively, the Loveland Facility and the Mesquite Facility.
MHC. The 1855 Bancorp, the Massachusetts-chartered holding company for the Bank as it exists in mutual form prior to the Conversion.
MHC. MHC represents and warrants to Contributor that the following are true, complete and correct, as of the date of this Agreement and as of the date of Closing: