Provision of Funds. Manager shall arrange financing for P.C. or, if no financing can be reasonably arranged, Manager shall advance funds to P.C. in the event P.C. does not have sufficient cash on hand to pay its expenses as and when due. Any such advance by Manager shall be repaid to Manager together with interest at the rate from time to time charged to Manager by its primary lender (or in the event there is no such lender, at an annual rate equal to the prime rate announced from time to time in the Wall Street Journal plus 2%) out of available cash in subsequent months prior to the payment of fees due Manager pursuant to subparagraph 8(a).
Appears in 7 contracts
Samples: Management and Services Agreement (U S Physicians Inc), Management and Services Agreement (U S Physicians Inc), Management and Services Agreement (U S Physicians Inc)
Provision of Funds. Manager shall arrange financing for P.C. or, if no financing can be reasonably arranged, Manager shall advance funds to P.C. in the event P.C. does not have sufficient cash on hand to pay its expenses as and when due. Any such advance by Manager shall be repaid to Manager together with interest at the rate from time to time charged charges to Manager by its primary lender (or in the event there is no such lender, at an annual rate equal to the prime rate announced from time to time in the Wall Street Journal plus 2%) out of available cash in subsequent months prior to the tot he payment of fees due Manager pursuant to subparagraph 8(a).
Appears in 1 contract
Samples: Management and Services Agreement (U S Physicians Inc)
