Common use of Notices and Reporting Clause in Contracts

Notices and Reporting. To the extent neither prohibited by law nor violative of applicable privilege, Service Provider shall provide notice to the Authority within ten (10) business days of the date that Service Provider acquires knowledge of the occurrence of an event requiring notice, or earlier if otherwise required by this Agreement, and shall provide all information requested by Authority regarding the nature, circumstances, and disposition of: 7.12.1 Any litigation brought against Service Provider or any of its employees or Subcontractors which is related to the provision of Covered Services to Members; 7.12.2 Any action taken or investigation initiated by any accrediting body or any government agency or program against or involving Service Provider or any of its employees or Subcontractors, that does or could adversely affect Service Provider or Subcontractor accreditation status, licensure, or certification to participate in the Medicare, Medicaid of federal payor programs; and 7.12.3 Any material change in services provided by Service Provider or licensure status related to services that affect the Service Provider's ability to provide Covered Services. All such notices shall be provided to Authority within ten (10) business days of the date that Service Provider acquires knowledge of the occurrence of an event requiring notice, or earlier if otherwise required by this Agreement. However, the Service Provider must immediately inform the Authority of material changes in its operation, ownership or financial condition. Material changes include, but are not limited to: A. Reduction or change in staffing assigned to the Agreement; B. Decrease in, or cancellation of, insurance coverage; C. Delinquent payment, or nonpayment, of tax obligations; D. Delinquent payment, or nonpayment, of payroll obligations; E. Delinquent funding, or non-funding, of pension or profit sharing plans; F. Delinquent payment, or nonpayment, of subcontractors; G. Termination of, or changes in, subcontracts; H. Transfer, sell, assignment or delegation to an entity other than the Service Provider, of ownership or administrative services; or I. Delinquent payment or non-payment of loan and or note payable obligations and/or material violation of debt covenants.