Common use of Lien Reporting Obligations Clause in Contracts

Lien Reporting Obligations. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ of the Division of Medicare Debt Management on May 24, 2011 provided the parties with a statement that these “settlements are not required to be reported pursuant to 42 USC 1395y(b)(8).” In reliance on this statement, the parties are not reporting these payments under the Medicare Secondary Payer Act or the Medicare, Medicaid and SCHIP Extension Act of 2007. If, for whatever reason, this statement by ▇▇. ▇▇▇▇▇▇ ceases to be valid or Bayer has reasonable concern regarding its validity, the NCC agree to cooperate with Bayer to promptly institute procedures for complying with the reporting requirements of these Acts.