Common use of Withholds Clause in Contracts

Withholds. If and to the extent that Medicare or any other payor withholds funds from Buyer due to claims which are attributable to Seller for any period prior to the Closing Date, or Buyer is required to refund any payments because of claims which are attributable to Seller for any period prior to the Closing Date and which payment Buyer did not receive and retain after the Closing Date, Buyer shall notify Seller of any deficient payment and provide any supporting information as requested by Seller. Seller shall, within ten (10) Business Days, reimburse Buyer for any uncontested deficient payment or refund payment made by Buyer and take any such action as may be required to satisfy Medicare or any other payor with respect to that matter. In the event that Seller is successful in appealing any adverse decisions by Medicare or any other payor that caused the payments contemplated by this Section, Buyer shall, within ten

Appears in 4 contracts

Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets

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Withholds. If and to the extent that Medicare or any other payor withholds funds from Buyer due to claims which are attributable to Seller for any period prior to the Closing Date, or Buyer is required to refund any payments because of claims which are attributable to Seller for any period prior to the Closing Date and which payment Buyer did not receive and retain after the Closing Date, Buyer shall notify Seller of any deficient payment and provide any supporting information as requested by Seller. Seller shall, within ten (10) Business Days, reimburse Buyer for any uncontested deficient payment or refund payment made by Buyer and take any such action as may be required to satisfy Medicare or any other payor with respect to that matter. In the event that Seller is successful in appealing any adverse decisions by Medicare or any other payor that caused the payments contemplated by this Section, Buyer shall, within tenten (10) Business Days, pay to Seller any amount received by Buyer attributable to such appeal.

Appears in 4 contracts

Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets

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