QUIPS Sample Clauses
The QUIPS clause establishes a framework for the use of Quality Improvement and Patient Safety (QUIPS) data within a healthcare agreement. It typically outlines how such data can be collected, shared, and used by the parties, often specifying confidentiality requirements and permissible purposes, such as internal quality assessments or regulatory reporting. By clearly defining the handling and limitations on the use of QUIPS data, this clause helps protect sensitive information while enabling necessary quality improvement activities, thereby balancing transparency with privacy and compliance needs.
QUIPS. (a) If on the date that would otherwise be the Closing Date the QUIPS Exchange does not occur (such date, the "QUIPS Failure Date"), then subject to Section 9.18(c), the Closing Date shall be delayed as provided in this Section 9.18. Following the QUIPS Failure Date, AT&T and Comcast will use their commercially reasonable efforts to consummate the QUIPS Exchange. If Microsoft thereafter agrees to consummate the QUIPS Exchange, then subject to the QUIPS Exchange occurring on the Closing Date, the Closing Date shall occur on the earliest date practicable or, if on such date all conditions to the Mergers set forth in Article 10, other than conditions that by their nature are to be satisfied at the Effective Time, are not satisfied or (to the extent permissible) waived, on the earliest date after such date on which all such conditions are satisfied or (to the extent permissible) waived unless this Agreement is previously terminated in accordance with its terms.
(b) In the event that the Closing Date does not occur within thirty (30) days of the QUIPS Failure Date, AT&T may for a period of fifteen (15) calendar days commencing on such 30th day elect to terminate this Agreement by giving two Business Days' written notice to Comcast of its intent to terminate this Agreement pursuant to this Section 9.18(b). Notwithstanding the foregoing, AT&T's notice to terminate this Agreement pursuant to this Section 9.18(b) shall not be effective if, prior to the expiration of such two Business Day period, Comcast delivers a written notice pursuant to and in accordance with the second sentence of Section 9.18(c) (which notice complies with the proviso thereof), unless Comcast fails to close within 60 days of the QUIPS Failure Date, in which event AT&T shall be entitled to terminate this Agreement.
(c) If the Closing Date has not occurred pursuant to Section 9.18(a) and AT&T has not effectively terminated this Agreement pursuant to Section 9.18(b), Comcast shall have the right to delay the consummation of the Mergers and the other transactions contemplated by this Agreement until the date that is one hundred eighty (180) calendar days after the QUIPS Failure Date. At any time prior to the expiration of the 180 calendar day period referred to in the preceding sentence, Comcast may elect to consummate the Mergers and the other transactions contemplated by this Agreement on ten (10) Business Days' written notice to AT&T in which event the Closing Date shall occur on the date spec...
QUIPS. The Company and its Subsidiaries will not modify or amend the terms of the indenture under which the QUIPS Debentures are issued and any related documents without the consent of the Majority Banks, if the effect of such modification or amendment would be to shorten the maturity to less than August 13, 2009 on any QUIPS Debenture, increase the aggregate principal amount of the QUIPS Debentures above $149,000,000, increase the rate of interest on any QUIPS Debenture or change the method of calculating interest so as to effectively increase the rate of interest on any QUIPS Debenture, change any of the provisions of subordination, the covenants and events of default and any of the definitions used in or relating thereto, or any other provisions which would detrimentally affect the rights of the Banks. The Company and its Subsidiaries will not modify or amend the terms of the QUIPS or the QUIPS Trust and any related documents, including without limitation, the QUIPS Guaranty, without the consent of the Majority Banks, if the effect of such modification or amendment would be to shorten the maturity to less than August 13, 2009 on any QUIPS, issue additional QUIPS above $144,000,000 in the aggregate for the liquidation preference amount for all QUIPS outstanding, increase the distribution rate on any QUIPS or change the method of calculating the distribution rate so as to effectively increase the distribution rate on any QUIPS, change any of the provisions of subordination, the covenants and events of default and any of the definitions used in or relating thereto, or any other provisions which would detrimentally affect the rights of the Banks.
QUIPS. In connection with the Separation, each issued and outstanding 6.75% Convertible Quarterly Income Preferred Security of USX Capital Trust I, a subsidiary of USX, will be redeemed for $50.00 in cash, plus accrued and unpaid dividends thereon through the Separation Effective Time.