Common use of Immediate Termination for Cause Clause in Contracts

Immediate Termination for Cause. In addition to any other termination rights under this Contract, the Department may terminate this Contract, in whole or in part, immediately upon notice to Contractor if it is determined that the actions, or failure to act, of Contractor, its agents, employees or subcontractors have caused, or reasonably could cause, jeopardy to health, safety, or property. This Contract may be terminated immediately if the Department determines that Contractor fails to meet the financial requirements established by the Illinois Department of Insurance pursuant to the Health Maintenance Organization Act.

Immediate Termination for Cause. ‌ In addition to any other termination rights under this Contract, the Department may terminate this Contract, in whole or in part, immediately upon notice to Contractor if it is determined that the actions, or failure to act, of Contractor, Contractor or its agents, employees employees, or subcontractors Subcontractors have caused, or reasonably could cause, jeopardy to health, safety, or property. This Contract may be terminated immediately if the Department determines that Contractor fails to meet any of the financial applicable requirements established by the Illinois Department of Insurance pursuant to the Health Maintenance Organization Act89 Ill. Admin. Code Part 143.