Delinquent Debt Sample Clauses
The Delinquent Debt clause defines the procedures and consequences when a party fails to pay amounts owed under the agreement by the specified due date. Typically, this clause outlines the timeframe after which a debt is considered delinquent, any applicable late fees or interest charges, and the rights of the creditor to pursue collection actions or suspend services. Its core practical function is to incentivize timely payments and provide a clear framework for addressing late payments, thereby reducing uncertainty and financial risk for the party expecting payment.
Delinquent Debt.
1. If CMS does not receive payment in full by the date payment is due, CMS shall pursue payment under the financial guarantee required under Section XIV.D and may withhold payments otherwise owed to the ACO under this Agreement or any other CMS program or initiative.
2. If the ACO fails to pay the amounts due CMS in full within 30 days after the date of a demand letter or settlement report, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 45 CFR § 30.18 and 42 CFR § 405.378. Interest shall be calculated in 30-day periods and shall be assessed for each 30-day period that payment is not made in full.
Delinquent Debt. If the Department requests or requires Contractor to repay funds to the Department as a result of Contractor’s noncompliance with contractual or TxCDBG program requirements and Contractor fails to repay the funds by such date as specified by the Department, Contractor shall be ineligible to receive any future TxCDBG grant funding until Contractor has repaid the entire obligation to the Department.
Delinquent Debt. A. If CMS does not receive payment in full by the date the payment is due, CMS shall pursue recovery under available debt collection authorities and this Agreement, including, but not limited to, exercising the financial guarantee and recouping or withholding of any payments otherwise owed to the ACO under the Agreement or any other CMS program or initiative.
B. If the ACO fails to pay the amounts due to CMS in full within 30 Days after the date payment is due, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 42 CFR § 405.378. Interest shall be calculated in 30 Day periods and shall be assessed for each 30 Day period that payment is not made in full. Any payments received by CMS first shall be applied toward accrued interest and then to any outstanding principal balance due.
C. CMS shall refer uncollected debts to the U.S. Treasury for collection, as required by applicable debt collection authorities, and CMS and the U.S. Department of Treasury may use any applicable debt collection tools and procedures available to collect the total amount owed by the ACO, which includes the recovery of any accrued interest on the delinquent debt.
Delinquent Debt. A. If CMS does not receive payment in full by the date the payment is due, CMS shall pursue payment under any debt collection tools available to it, including, but not limited to, demand on the financial guarantee required under Section 12.05; recoupment of payments otherwise owed to the ACO under the Agreement or any other CMS program or initiative including, but not limited to, withholding of monthly payments to the ACO under the ACO’s selected Capitation Payment Mechanism; and debt collection regulations.
B. If the ACO fails to pay the amounts due to CMS in full within 30 Days after the date payment is due, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 42 CFR § 405.378. Interest shall be calculated in 30 Day periods and shall be assessed for each 30 Day period that payment is not made in full. Any payments received by CMS shall be applied toward accrued interest under 42 CFR § 405.378.
C. CMS and the U.S. Department of Treasury may use any applicable debt collection tools available to collect the total amount owed by the ACO, which includes any accrued interest on the delinquent debt.
Delinquent Debt. If the Participant fails to pay the amount due CMS in full by the date indicated in the demand letter described in Article 7.3(d)(2)(ii) or 7.4(d)(2), then CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 42 C.F.R. § 405.378 and 45 C.F.R. § 30.18. Interest shall be calculated in 30- Day periods and shall be assessed for each 30 Day period that payment is not made in full.
Delinquent Debt. 1. If CMS does not receive payment in full by the date payment is due, CMS shall pursue payment under the financial guarantee required under Section XIV.D.
2. If the ACO fails to pay the amounts due CMS in full within 30 days after the date of a demand letter or settlement report, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 45 CFR § 30.18 and 42 CFR § 405.378. Interest shall be calculated in 30-day periods and shall be assessed for each 30-day period that payment is not made in full.
Delinquent Debt. A ny a d m i n i s t r a t ive fees o r p r e m i u m s fo r i n s ur a n ce iss u ed un de r t h e a u- t h o r i t y of t h e Ac t , a n d t h e i n t e r es t o n t h ose a m o un t s, if a pplic a ble, t h a t a r e n o t pos t - ▇ ▇ ▇ ▇ ▇▇ ▇ ▇ ▇ eceived b y u s o r o ur a ge n t o n o r befo r e t h e t e r m i n a t io n d a t e un less y o u h a ve e n t e r ed i n t o a n a g r ▇▇ ▇ ▇ ▇ ▇ ▇ ccep t a ble t o u s t o p a y s u c h a m o un t s o r h a ve filed fo r b a n k - ru p t c y o n o r befo r e t h e t e r m i n a t io n d a t e; a ny o t h e r a m o un t s d u e u s fo r i n s ur a n ce iss u ed un de r t h e a u t h o r i t y of t h e Ac t ( i n- ▇▇ ▇ ▇▇ ▇ ▇, b u t n o t li m i t ed t o, i n de m n i t ies fo un d n o t t o h a ve bee n e a rn ed o r t h a t we r e ove r p a id), a n d t h e i n t e r es t o n s u c h a m o un t s, if a pplic a ble, w h ic h a r e n o t pos t m a r k ▇▇ ▇ ▇ ▇ eceived b y u s o r o ur a ge n t b y t h e d u e d a t e specified i n t h e n o t ice t o y o
Delinquent Debt. If CMS does not receive payment in full by the date the payment is due, CMS shall pursue payment under the financial guarantee required under Section 12.05 and may withhold payments otherwise owed to the DCE under the Agreement or any other CMS program or initiative.
Delinquent Debt. (i) If CMS does not receive payment in full by the applicable due date, CMS shall pursue payment and may withhold payments otherwise owed to the MDPCP Practice under this Agreement or under any other CMS program or initiative.
(ii) If the MDPCP Practice fails to pay the amounts due to CMS in full by the applicable due date, CMS will assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 42 CFR § 405.378. If applicable, interest shall be calculated in 30-day periods and shall be assessed for each thirty (30)-day period that payment is not made in full.
(iii) CMS and the U.S. Department of the Treasury may use any applicable debt collection tools available and invoke all legal means necessary to collect the debt, including referral of the remaining monies owed to the U.S. Department of the Treasury.
Delinquent Debt. No Obligor has any debt due and owing to the Federal Crop Insurance Corporation or an Approved Insurance Provider.