ED Payment Sample Clauses
The ED Payment clause defines the terms and conditions under which payments are made for services or goods provided in the context of an Emergency Department (ED). Typically, this clause outlines the payment schedule, the method of calculation (such as per visit, per procedure, or a flat fee), and any specific documentation or billing requirements that must be met for payment to be processed. By clearly specifying how and when payments are to be made, the clause helps prevent disputes over compensation and ensures that both parties understand their financial obligations related to ED services.
ED Payment. At the Initial Closing, on behalf of the Sellers, Purchaser shall wire the ED Payment to an account of ED to be specified by ED to Purchaser at least three (3) Business Days prior to the Closing Date. In the event that the ED Payment is less than Four Million Five Hundred Thousand Dollars ($4,500,000), the Sellers shall fund any such shortfall directly to ED at the Initial Closing.