Administered Contracts definition
Examples of Administered Contracts in a sentence
As soon as practicable after the Effective Time, the Company shall make available to the Service Provider copies of all policy forms and examples of all other forms, including drafts and checks, used by the Company in its administration of the Administered Contracts as reasonably requested by the Service Provider.
If the Service Provider determines that any of the Administered Contracts are materially not in compliance with such laws and regulations, the Service Provider shall so notify the Company.
Subject to the terms and conditions of this Agreement, Parent grants to each of the Acquired Companies a royalty-free, non-exclusive, non-transferable license during the term of this Agreement for each of the Acquired Companies to use the Licensed Marks solely for the purpose of offering, selling, administering or providing healthcare benefits under the Administered Contracts and to wind-up the Business (as defined in the Administrative Services Agreement) (the “Purpose”).
The Service Provider shall establish and own premium accounts for the collection of premium and fee payments with respect to the Administered Contracts.
Unless otherwise agreed in writing by the parties, such Software shall be used solely to provide Services to Roadway and Roadway shall be responsible for all license, usage, maintenance and other fees and charges payable as Pass-Through Costs or charges under Administered Contracts with respect to such software, without change in the Base Price.
The Company shall take no action with respect to the Administered Contracts without obtaining the prior written consent of the Service Provider, which consent shall not be unreasonably withheld, except to the extent required by applicable law or regulatory authority or as required by the provisions of the applicable Administered Contract.
While this Administration Agreement is in effect, except as provided herein, the Service Provider shall provide all Administrative Services (as hereinafter defined) with respect to the Administered Contracts.
The Company shall make no change, modification, amendment or renewal of any of its Administered Contracts or any other arrangements with a third party to provide services relating to the Administered Contracts without the prior written consent of the Service Provider, which consent shall not be unreasonably withheld, except to the extent required by applicable law or regulatory authority or as required by the provisions of the applicable Administered Contract.
The Service Provider shall prepare and file any necessary amendments to such Administered Contracts and other filings or documents required and shall prepare any necessary filings for submission by the Company.
The Service Provider shall establish and own accounts for the payment of commissions and other expenses with respect to the Administered Contracts and shall be responsible for funding such accounts.