Master Broker definition
Examples of Master Broker in a sentence
The parties acknowledge that the Price for energy as described in Exhibit A includes a commission fee equal to $0.001 (1 mil) per kWh of Participating Consumers’ actual usage for which payment has actually been received by the Competitive Supplier, payable to CPG, the consultant hired by the Town to develop, implement, and administer the Program subject to the terms and conditions of that certain Master Broker Agreement between Competitive Supplier, and CPG, as set forth in Exhibit A.
In performing the services hereunder, Master Broker shall handle personal health information in accordance with the terms of Exhibit D - Business Associate Addendum (the “BAA”) that it has entered into with Horizon BCBSNJ.
Master Broker may assign Sub-Producers to act on its behalf for purposes of soliciting insurance applications under this Section.
Any changes to the ISG Third Party Security Policy and Standards will be communicated to the Master Broker.
Master Broker agrees to take action promptly, at its own expense, to investigate the Security Breach and to identify, prevent and mitigate the effects of any such Security Breach, and to carry out any recovery or other action necessary to remedy the Security Breach, including mailing notices to affected persons as may be required by applicable laws, regulations, government agencies, local data protection authorities or Horizon BCBSNJ policies and practices.
The relationship between Master Broker and Horizon BCBSNJ is that of independent contracting Parties.
Master Broker is prohibited from making any modification or waivers of any terms or conditions of Horizon BCBSNJ Benefit Plans unless any such modification or waiver is specifically directed, or consented, by Horizon BCBSNJ in writing.
With respect to termination caused by the insolvency and acquisition or merger of Master Broker pursuant to Section 6.4 above, any future Compensation shall cease immediately upon the effective date of such notice.
Master Broker shall notify Horizon BCBSNJ of any subcontractors utilized, including the location of such subcontractor services, by providing written notice to Horizon BCBSNJ prior to the use of any subcontractors.
Horizon BCBSNJ will notify Master Broker as promptly as practicable of any claim or suit.