Discounted Payment definition

Discounted Payment means the payment amount after application of a discount from its full charges for services offered by a hospital to patients who have no or inadequate insurance and qualify under the hospital’s discount payment policy.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Discounted Payment means that the Hospital shall limit the expected payment for Medically Necessary Services for Financially Qualified Patients to a discounted rate.

Discounted Payment means that a Hospital shall limit the expected payment for Medically Necessary Services to a discounted rate for Financially Qualified Patients whose income is between 201 and 350 percent, inclusive, of the Federal Poverty Level.

Examples of Discounted Payment in a sentence

• Refuse to accept the Discounted Payment referred to in paragraph 4.a. above.

• In some instances, our Discounted Payment Plans may even cost less than what you have to pay out-of-pocket under insurance rules.

• MPI agrees that by no later than May 1, 1999 ------------------- ("Payment Deadline"), MPI will pay to Motorola the amount of US$ 887,331.00 ("Discounted Payment Amount") by wire transfer in accordance with the wire transfer instructions provided by Motorola.

• IMSI shall not withdraw such funds or any interest, which accrues thereon except to provide to SVB the Discounted Payment Sum by the Deadline Date.

• All principal payments made prior to October 1, 2003, shall be aggregated and shall be included in the calculation of the Discounted Payment Amount.

• As an alternative to filing claims with insurance, we offer very affordable Discounted Payment Plans.

• Within six (6) calendar months of the Execution Date ("Payment Deadline") MPI will pay to Motorola the amount of US $887,331.00 ("Discounted Payment Amount"), by wire transfer in accordance with the wire transfer instructions provided by Motorola.

• IMSI hereby agrees to pay to SVB the Discounted Payment Sum not later than close of business on the Deadline Date.

• Lender's agreement to the accept the Discounted Payment Amount as provided in Section 3 is expressly conditioned upon (a) Borrower's satisfaction of all of its other obligations under the Loan Documents in the time and manner set forth therein, (b) no default shall have occurred and be continuing under the Loan Documents, and (c) Lender's receipt on or before the Outside Date of (i) the Discounted Payoff Amount in immediately available funds, and (ii) the Senior Lender Consent.

• SVB agrees that if payment is made not later than close of business on the Deadline Date SVB shall accept the Discounted Payment Sum in satisfaction of IMSI’s obligations under the Revised Promissory Note and the SVB Loan Agreement.

More Definitions of Discounted Payment

Discounted Payment. Option shall mean the options provided for in Securitization Documents for the prepayment at a reduced amount of any of the Securitized Notes. Distribution shall mean, with respect to any Person, that such Person has paid a dividend or returned any equity capital to its stockholders, members or partners or made any other distribution, payment or delivery of property (other than common stock or partnership or membership interests of such Person) or cash to its stockholders, members or partners as such, or redeemed, retired, purchased or otherwise acquired, directly or indirectly, for a consideration any shares of any class of its capital stock or any membership or partnership interests (or any options or warrants issued by such Person with respect to its capital stock or membership or partnership interests), or shall have permitted any of its Subsidiaries to purchase or otherwise acquire for a consideration any shares of any class of the capital stock or any membership or partnership interests of such Person (or any options or warrants issued by such Person with respect to its capital stock or membership or partnership interests). Without limiting the foregoing, "Distributions" with respect to any Person shall also include all payments made by such Person with respect to any stock appreciation rights, plans, equity incentive or achievement plans or any similar plans, and any proceeds of a dissolution or liquidation of such Person. Dollars shall mean lawful money of the United States.

Discounted Payment means any charge for care that is reduced but not free.