DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, of which Manager shall be the owner and from which Manager shall have the sole right to make withdrawals to pay Practice Expenses and Incentive Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Medical Offices, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager; provided that Medicare, Medicaid and CHAMPUS collections shall be deposited into a separate bank account in the name of Practice as provided in the Billing Agreement. Manager shall be the owner of the account (other than the account under the Billing Agreement) and have the sole right to make daily transfers to its operating or other account with its "Credit Facility Lender" (as defined in Section 5.2(b)) and to make withdrawals to pay Practice Expenses on a monthly basis. Manager will transfer pursuant to Section 5.1 an amount equal to the excess of Net Practice Revenues over Practice Expenses by the 25th day of each month with respect to the preceding calendar month to an account designated by Practice from which Practice will pay Physician Expenses and for any other purposes Practice may determine from time to time. Any funds in the Physician Deposit Account which are not made available to Manager due to any revocation of its authority under the Billing Agreement shall be deemed delivered to Practice for purposes of this section. Manager shall maintain its accounting records in such a way as to clearly segregate the deposit of Net Practice Revenues and the payment of Practice Expenses and other transfers from such deposit account from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
DEPOSIT OF NET PRACTICE REVENUES. To the extent permitted by law, and subject to paragraph 2.4.1 herein, during the term of this Agreement, all Net Practice Revenues, as defined herein, shall be deposited directly into a bank account at a bank mutually agreed upon by the parties (the "Bank"), from which the Management Company shall have the sole right to make withdrawals (the "Account"). The Management Company shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of the Management Company. The Partnership hereby appoints the Management Company as its true and lawful attorney-in-fact to deposit in the Account all Net Practice Revenues collected and to make withdrawals from the Account. The Partnership and the Management Company hereby agree to execute from time to time such documents and instructions as shall be required by the Bank and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions with respect to payment for the Management Services during any extended term of this Agreement.
DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Medical Offices, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager; provided that Medicare, Medicaid and CHAMPUS collections shall be deposited into a separate bank account in the name of Practice as provided in the Billing Agreement. Manager shall be the owner of the account (other than the account under the Billing Agreement) and have the sole right to make daily transfers to its operating or other account with its "Credit Facility Lender" (as defined in Section 5.2(b)) and to make withdrawals to pay Practice Expenses on a monthly basis. Manager will transfer pursuant to Section 5.1 an amount equal to the excess of Net Practice Revenues over Practice Expenses by the 25th day of each month with respect to the preceding calendar month to an account designated by Practice from which Practice will pay Physician Expenses and for any other purposes Practice may determine from time to time. Any funds in the Physician Deposit Account which are not made available to Manager due to any revocation of its authority under the Billing Agreement shall be
DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, which depository account shall be segregated from other accounts of Manager. Manager shall be the owner of the account and have the sole right to make daily transfers to its operating or
DEPOSIT OF NET PRACTICE REVENUES. Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
