Common use of CMS Approval Clause in Contracts

CMS Approval. This Agreement requires approval by the Centers for Medicare & Medicaid Services (CMS). The Parties agree that during the pendency of such approval, neither Party is obligated to perform under this Agreement, and any expenses, costs, or liabilities incurred because of execution, or reliance thereon, of the Agreement will be at the incurring Party's sole risk. The Parties agree to act in good faith and, if needed, to take reasonable steps to modify the Agreement to secure CMS approval. While HHSC agrees to act in good faith and reasonably pursue CMS approval, the length and substance of that pursuit will be in HHSC's sole discretion. If HHSC is unable to secure CMS approval, HHSC will not be

CMS Approval. This Agreement requires approval by the Centers for Medicare & Medicaid Services (CMS). The Parties agree that during the pendency of such approval, neither Party is obligated to perform under this Agreement, and any expenses, costs, or liabilities incurred because of execution, or reliance thereon, of the Agreement will be at the incurring Party's sole risk. The Parties agree to act in good faith and, if needed, to take reasonable steps to modify the Agreement to secure CMS approval. While HHSC agrees to act in good faith and reasonably pursue CMS approval, the length and substance of that pursuit will be in HHSC's sole discretion. If HHSC is unable to secure CMS approval, HHSC will not bein