Collections and Payments Sample Clauses
The 'Collections and Payments' clause outlines the procedures and responsibilities related to the receipt and disbursement of funds between parties under the agreement. It typically specifies how payments should be made, the timing of such payments, and the methods for handling any collections of amounts due. For example, it may require payments to be made via wire transfer within a certain number of days after invoicing, and detail how late payments or disputed amounts are managed. This clause ensures that both parties have a clear understanding of their financial obligations, reducing the risk of misunderstandings or disputes over payment terms.
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Collections and Payments. Management Services Provider shall, on behalf of Professional Entity, ▇▇▇▇ patients and collect the professional fees for Clinical Dental Care rendered on behalf of Professional Entity as follows:
1. The Management Services Provider shall deposit into one or more bank accounts chosen by Professional Entity in Professional Entity’s name, all funds, fees and revenues generated from Clinical Dental Care. All funds in the designated bank accounts shall be the property of the Professional Entity, and the Professional Entity shall have the right to access all funds in those accounts at any time.
2. Management Services Provider is authorized to: (i) pay all costs and expenses incurred by Professional Entity, and (ii) pay itself its Management Fee after the payments of other costs and expenses. After payment of the costs and expenses and of its Management Fee, Management Services Provider shall be required to return or distribute to the Professional Entity any amount remaining thereafter at least monthly or more frequently if required by law.
3. All ▇▇▇▇▇▇▇▇ for Clinical Dental Care rendered on behalf of Professional Entity shall be made by Management Services Provider in the name of the Professional Entity or in the name of the Owner(s) or the Dentist Employees. Management Services Provider shall render or cause its designee to render such ▇▇▇▇▇▇▇▇ in a timely and accurate manner. * This is an example management services agreement that the Dental Board has reviewed and deemed compliant with the Dental Laws, as defined herein. Other agreements, or variations of provisions herein, also may be compliant. However, if provisions of this example agreement are excerpted and incorporated in an agreement with provisions that are not compliant, then that agreement may not comply with the Dental Laws. Revised May 2020.
4. The Management Services Provider shall deliver to Professional Entity, no later than the [insert date] of each month, a full accounting of all ▇▇▇▇▇▇▇▇ and collections for the prior calendar month and all funds collected by Management Services Provider for services of Professional Entity.
5. Professional Entity shall inform Management Services Provider of all amounts collected by Professional Entity resulting from Clinical Dental Care performed during the term of this Agreement.
6. Professional Entity shall: (i) cooperate with Management Services Provider or its designee in billing and collection activities; (ii) provide all information necessary to ▇▇▇▇ a...
Collections and Payments. Except as otherwise provided in this Assignment Agreement, the Assignor will cause any Collections received by it to be deposited in the Collection Account no later than the Business Day following the receipt and identification of proceeds.
Collections and Payments. Subject to the prorations to be made pursuant to this Section 8, after the Closing Buyer shall collect all revenues and pay all expenses with respect to the Property, even if such revenues and expenses relate to periods before the Closing. If any Tenant sends payments to Seller after the Closing, Seller shall promptly forward such checks to Buyer. For a period of six (6) months after the Closing Date, Buyer shall use reasonable efforts consistent with prudent business practices (but without the obligation to institute legal action) to collect rents or other amounts payable under the Leases that were delinquent as of the Closing Date or that relate to a period before the Closing. To the extent such delinquent rents and other amounts are collected by Buyer, Buyer may deduct from the amount owed to Seller an amount equal to the out-of-pocket third-party collection costs (including attorneys’ fees and costs) actually incurred by Buyer in collecting such rents and other amounts due to Seller. Subject to the foregoing sentence, any rent or other payment collected after the Closing from any Tenant which owed rent that was delinquent as of the Closing Date or that relates to any period prior to the Closing Date shall be applied first, to such Tenant’s unpaid monetary obligations under the applicable Lease with respect to any periods from and after the Closing Date through the end of the month in which such payment is made, in such order as Buyer may elect, until such monetary obligations have been paid in full; any remaining amount of such payment shall be paid over to Seller, for application against such Tenant’s unpaid monetary obligations under the applicable Lease with respect to any periods before the Closing Date, in such order as Seller may elect, until such unpaid monetary obligations have been paid in full; and any remaining amount of such payment shall be retained by Buyer for application against such Tenant’s future obligations under the applicable Lease. Prior to the Closing, Seller shall send to the Tenants final reconciliation of Additional Rents for the 2015 calendar year. If, as of the Closing, any Tenant owes payments to Seller pursuant to the reconciliation of Additional Rents for the 2015 calendar year, the same shall be handled in the manner provided for collection of delinquent rents as provided above in this Section 8.1(b). If, as of the Closing, Seller owes payments to any Tenant(s) pursuant to the reconciliation of Additional Rents for the ...
Collections and Payments. Except as otherwise provided in this Agreement, the Originator will cause any Collections received by it to be deposited in the Collection Account no later than the Business Day following the receipt and identification of proceeds.
Collections and Payments. (i) From and after the Closing Date, the Seller hereby constitutes and appoints Airgas, its successors and assigns, the true and lawful attorneys of the Seller with full power of substitution, in the name of the Seller or otherwise, and on behalf of and for the benefit of Airgas, to demand and receive from time to time any and all Accounts Receivable, to give receipts, releases or acquittances for or in respect of the same or any part thereof; to collect, for the account of Airgas, all Accounts Receivable transferred to Airgas as provided herein, and to endorse with the name of the Seller any check received on account of any Accounts Receivable transferred to Airgas; from time to time to institute and prosecute in the name of the Seller or otherwise any and all proceedings at law, in equity or otherwise, which Airgas, its successors and assigns, may deem proper to collect, assert or enforce any claim, right, title, debt or account hereby assigned or transferred with respect to the Accounts Receivable; and to take any action necessary to effect the transfer to Airgas of full legal title in and beneficial ownership of any of the Accounts Receivable. The Seller declares that the foregoing powers are coupled with an interest and shall not be revocable by it except as set forth in Section 7.9(a)(ii).
(ii) Airgas shall exercise at least the level of care and diligence with respect to the collection of the Accounts Receivable as Airgas exercises with respect to its own receivables. Any amounts received by Airgas or NWS from any customer for whom Accounts Receivable have been transferred to Airgas in connection with the transactions contemplated by this Agreement shall be applied first to the oldest outstanding invoice for such customer. Airgas shall have the right to require, by written notice delivered to the Seller no later than 85 days following the Closing Date, that the Seller pay to Airgas on the 90th day following the Closing Date the amount of any outstanding Accounts Receivable specified in such notice that have not been collected by Airgas as of such date, minus $300,000. Upon payment of such amount by the Seller, Airgas shall transfer to the Seller all of Airgas' right, title and interest in and to any such remaining outstanding Accounts Receivable (including any security or collateral associated therewith) and shall thereafter use commercially reasonable efforts to cooperate with the Seller in connection with the collection of such Accounts Receivable...
Collections and Payments. Agritope shall have the right to collect and remit money on Agrinomics' behalf and to settle claims in favor of or against Agrinomics if the amount in controversy is less than $100,000. Agritope shall be authorized to pay, on a current basis, the ordinary operating expenses of Agrinomics not to exceed $100,000 per item.
Collections and Payments. SECTION 4.01. Interest Proceeds 3944 SECTION 4.02. Principal Proceeds 4045 SECTION 4.03. Principal and Interest Payments; Prepayments; Commitment Fee 4046 SECTION 4.04. MV Cure Account 4147 SECTION 4.05. Priority of Payments 4247 SECTION 4.06. Payments Generally 4348 SECTION 4.07. Termination or Reduction of Financing Commitments 4349
Collections and Payments after the Distri bution Date. Except as may be explicitly provided in this Agreement and the Other Agreements, any cash re ceipts arising out of or relating to the assets, Liabili ties or operations of the Company or its past or present Subsidiaries received on or after the Distribution Date shall be retained by the Company and such Subsidiaries and any Liabilities or obligations, other than any Lia bilities or obligations relating to LJSC and arising on or prior to the Distribution Date, arising out of, relat ing to or asserted on the basis of the assets, Liabil ities or operations of the Company or its past or present Subsidiaries due and unpaid on and after the Distribution Date or incurred on and after the Distribution Date shall be payable by the Company and such Subsidiaries. The Company and CFI shall settle all payments received from account debtors of either of them to the effect that amounts properly owing to the Company are received by the Company and amounts properly owing to CFI are received by CFI, with such settlements to occur by wire transfer (a) daily, for the three-month period beginning on the Dis tribution Date and (b) weekly, thereafter.
Collections and Payments. The Outlet will be responsible for collection of all charges due CCC and IS and any related sales or similar taxes. IS will maintain electronic records of each Statement and of CCC and IS charges and royalties, and will ▇▇▇▇ the Outlet for all such charges due CCC and IS. IS will collect from each Outlet sums for the account of CCC (including applicable royalty and CCC administrative fees) and will pay these sums over to CCC on a periodic basis, together with information necessary to review and internally audit those charges and report usage back to the CCC registered rightsholders. Such reporting and payment by IS to CCC shall be made within 10 business days of collection by IS of a total amount of $100,000 during any reporting period, provided that in no event shall the reporting and payment be made later than 20 business days from the end of the month in which any reported Statement was issued. CCC will be solely responsible for payment of all collected and remitted royalty charges and usage information to its registered rightsholders.
Collections and Payments. Subscriber License Fees shall be collected, and Unit Royalties and Finder Commissions shall be paid, in accordance with Schedule 3.4. Schedule 3.4 may be amended in writing by the parties from time to time as reasonably necessary to reflect the actual or then desired billing and collection methods of the parties, either generally or with respect to one or more specific Subscribers or one or more specific Resellers.