Common use of Effect of Change in Rates Clause in Contracts

Effect of Change in Rates. ▇▇▇▇▇▇ USA and ▇▇▇▇▇▇ Oil shall use their reasonable efforts to cause each of the insurance companies, HMOs, point-of-service vendors and third-party administrators providing services and benefits under the New ▇▇▇▇▇▇ USA Health and Welfare Plans and the ▇▇▇▇▇▇ Oil Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the New ▇▇▇▇▇▇ USA Health and Welfare Plans and the ▇▇▇▇▇▇ Oil Health and Welfare Plans through the expiration of the financial fee or rate guarantees in effect as of the Close of the Distribution Date under the respective contracts, policies, and agreements separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of ▇▇▇▇▇▇ USA and ▇▇▇▇▇▇ Oil, respectively. To the extent they are not successful in such efforts, ▇▇▇▇▇▇ USA and ▇▇▇▇▇▇ Oil shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective health and welfare plans.

Effect of Change in Rates. ▇M▇▇▇▇▇ USA and ▇M▇▇▇▇▇ Oil shall use their reasonable efforts to cause each of the insurance companies, HMOs, point-of-service vendors and third-party administrators providing services and benefits under the New ▇M▇▇▇▇▇ USA Health and Welfare Plans and the ▇M▇▇▇▇▇ Oil Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the New ▇M▇▇▇▇▇ USA Health and Welfare Plans and the ▇M▇▇▇▇▇ Oil Health and Welfare Plans through the expiration of the financial fee or rate guarantees in effect as of the Close of the Distribution Date under the respective contracts, policies, and agreements separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of ▇M▇▇▇▇▇ USA and ▇M▇▇▇▇▇ Oil, respectively. To the extent they are not successful in such efforts, ▇M▇▇▇▇▇ USA and ▇M▇▇▇▇▇ Oil shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective health and welfare plans.