Common use of Credits and Collections Clause in Contracts

Credits and Collections. Manager shall adopt credit and collection policies and procedures. Manager shall institute monthly billing by the Facility and take all steps necessary to collect accounts and monies owed to the Facility, which may include the institution of legal proceedings.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Senior Housing Properties Trust), Purchase and Sale Agreement (Five Star Senior Living Inc.), Management Agreement (Five Star Quality Care Inc)

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Credits and Collections. Manager shall adopt credit and collection policies and procedures. Manager shall institute monthly billing by the Facility Community and take all steps necessary to collect accounts and monies owed to the FacilityCommunity, which may include the institution of legal proceedings.

Appears in 3 contracts

Samples: Transaction Agreement (Five Star Senior Living Inc.), Management Agreement (Senior Housing Properties Trust), Management Agreement (Five Star Quality Care Inc)

Credits and Collections. Manager shall adopt credit and collection policies and procedures. Manager shall institute monthly billing by the Licensed Facility and take all steps necessary to collect accounts and monies owed to the Licensed Facility, which may include the institution of legal proceedings.

Appears in 2 contracts

Samples: Management Agreement (Five Star Quality Care Inc), Management Agreement (Senior Housing Properties Trust)

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Credits and Collections. The Manager shall adopt credit and collection policies and procedures. The Manager shall institute monthly billing by the Facility each Community and take all steps necessary to collect accounts and monies owed to the Facilityeach Community, which may include the institution of legal proceedings.

Appears in 1 contract

Samples: Management Agreement (Diversified Healthcare Trust)

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