Common use of Effect of Change in Rates Clause in Contracts

Effect of Change in Rates. Until such time as Continental shall determine in its sole discretion, Continental and Holdings shall use their reasonable best efforts to cause each of the insurance companies, HMOs and third-party administrators providing services and benefits under the Continental Plans and the Holdings Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Continental Plans and the Holdings Plans. To the extent they are not successful in such efforts, Continental and Holdings shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective plans.

Effect of Change in Rates. Until such time as Continental shall determine in its sole discretion, Continental and Holdings shall use their reasonable best efforts to cause each of the insurance companies, HMOs and third-party administrators providing services and benefits under the Continental Plans and the Holdings Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Continental Plans and the Holdings Plans. To the extent they are not successful in such efforts, Continental and Holdings shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective plans.