Common use of Fraud and Abuse Laws Clause in Contracts

Fraud and Abuse Laws. Receipt by any Credit Party, -------------------- Practice or Provider of a notice from a governmental authority or third party payor that it intends to disallow requested reimbursements, or intends to demand or demands adjustment or repayment of past reimbursements in excess of two percent (2%) of the gross revenues of the Borrower for the previous fiscal quarter respecting amounts submitted for reimbursement or collected by such Credit Party, Practice or Provider from participation in the Medicare, Medicaid or third party payor programs if the gross revenues (determined in accordance with GAAP) to such Credit Party arising from the affected Credit Party, Practice or Provider exceed one-half percent (1/2%) of the gross revenues (determined in accordance with GAAP) of the Borrower for the previous Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

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Fraud and Abuse Laws. Receipt by any Credit Party, -------------------- Practice or Provider of a notice from a governmental authority or third party payor that it intends to disallow requested reimbursements, or intends to demand or demands adjustment or repayment of past reimbursements in excess of two percent (2%) of the gross revenues of the Borrower for the previous fiscal quarter respecting amounts submitted for reimbursement or collected by such Credit Party, Practice or Provider from participation in the Medicare, Medicaid or third party payor programs if the gross revenues (determined in accordance with GAAP) to such Credit Party arising from the affected Credit Party, Practice or Provider exceed one-half percent (( 1/2%) of the gross revenues (determined in accordance with GAAP) of the Borrower for the previous Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

Fraud and Abuse Laws. Receipt by any Credit Party, -------------------- Practice or Provider of a notice from a governmental authority or third party payor that it intends to disallow requested reimbursements, or intends to demand or demands adjustment or repayment of past reimbursements in excess of two percent (2%) of the gross revenues of the Borrower for the previous fiscal quarter respecting amounts submitted for reimbursement or collected by such Credit Party, Practice or Provider from participation in the Medicare, Medicaid or third party payor programs if the gross revenues (determined in accordance with GAAP) to such Credit Party arising from the affected Credit Party, Practice or Provider exceed one-half percent (1/2%) of the gross revenues (determined in accordance with GAAP) of the Borrower for the previous Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

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Fraud and Abuse Laws. Receipt by any Credit Party, -------------------- Practice or Provider of a notice from a governmental authority or third party payor that it intends to disallow requested reimbursements, or intends to demand or demands adjustment or repayment of past reimbursements in excess of two percent (2%) of the gross revenues of the Borrower for the previous fiscal quarter respecting amounts submitted for reimbursement or collected by such Credit Party, Practice or Provider from participation in the Medicare, Medicaid or third party payor programs if the gross revenues (determined in accordance with GAAP) to such Credit Party arising from the affected Credit Party, Practice or Provider exceed one-half percent (( 1/2%) of the gross revenues (determined in accordance with GAAP) of the Borrower for the previous Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

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