Fundamental Commitments definition
Examples of Fundamental Commitments in a sentence
Unless otherwise provided in this Article 3, IRMC shall be responsible for paying the reasonable, regular and ongoing expenses incurred by the Commitment Integrity Committee; however, in the event that the Commitment Integrity Committee incurs expenses following the submission of a Breach Notice to enforce the Fundamental Commitments, CCF shall be fully responsible for the reasonable expenses incurred by the Commitment Integrity Committee in connection therewith.
This face- to-face encounter must be documented on the sick call form and in the EHR.
CCF agrees to advance to the Commitment Integrity Committee funds as and when reasonably required by the Commitment Integrity Committee following the submission of a Breach Notice to pursue the enforcement of the Fundamental Commitments, subject to a limit for all advanced and/or reimbursed expenses in connection with any single Enforcement Action of $500,000 with respect to an Enforcement Action commenced prior to the fifth anniversary of the Closing Date, and increasing by $50,000 per year thereafter.
Such members shall act independently and objectively with respect to the enforcement of the Fundamental Commitments.
In the event that the Commitment Integrity Committee prevails in an Enforcement Action, then any funds advanced or paid by CCF for the expenses of the Commitment Integrity Committee in connection therewith will not be credited against or reduce the Fundamental Commitments.
The Commitment Integrity Committee shall have the sole and exclusive right and authority to make any and all decisions with respect to the enforcement of Fundamental Commitments and the prosecution of any Enforcement Action, including the decision to engage or dismiss legal counsel representing the Commitment Integrity Committee in connection therewith and decisions to enter into settlement negotiations and to make and accept settlement offers with respect thereto.