Examples of Governmental Lockbox Account in a sentence
All payments received by the Practice with respect to the Purchased Accounts Receivable shall be deposited into the respective Governmental Lockbox Account or Non-Governmental Lockbox Account.
In addition, Provider shall attach written instructions to each invoice representing such Non-Governmental Receivables generated subsequent to the date of this Agreement instructing such third party payor or Account Debtor that payment of such invoice is to be paid to the Non- Governmental Lockbox Account.
It is MidSouth's intention to utilize the -------------------------- Governmental Lockbox Account and Non-Governmental Lockbox Account procedure as provided in Section 6.2.6(a) and (b) unless circumstances change which would make the Governmental Lockbox Account and Non-Governmental Lockbox Account procedures inappropriate.
Proceeds collected in the Governmental Lockbox Account and the Non-Governmental Lockbox Account shall be automatically swept daily into the Disbursement Account.
Notices and correspondence relating to the applications for protection and protection documents shall be delivered by the Directorate by hand or by registered mail, and all correspondence from the Directorate shall be sent to the applicant or the agent at the address recorded with the Directorate and all such notices shall be deemed legally binding.
MidSouth will provide to the Practice a full accounting and reconciliation of the Governmental Lockbox Account and the Non-Governmental Lockbox Account on a monthly basis, and, upon the reasonable request of the Practice, MidSouth shall supply to the Practice at all other times, as the Practice shall deem necessary, an accounting and reconciliation of the Governmental Lockbox Account and the Non- Governmental Lockbox Account.
MidSouth will provide to the Practice a full accounting and reconciliation of the Governmental Lockbox Account and the Non- Governmental Lockbox Account on a monthly basis, and, upon the reasonable request of the Practice, MidSouth shall supply to the Practice at all other times, as the Practice shall deem necessary, an accounting and reconciliation of the Governmental Lockbox Account and the Non-Governmental Lockbox Account.
Borrowers shall ensure that all collections of Accounts Receivable due from Governmental Account Debtors are paid directly from such Governmental Account Debtors into the applicable Governmental Lockbox and/or Governmental Lockbox Account established pursuant to this subsection for deposit into the GovernmentalLockbox Account established pursuant to this subsection.
MidSouth will provide to the Practice a full accounting and reconciliation of the Governmental Lockbox Account and the Non-Governmental Lockbox Account on a monthly basis, and, upon the reasonable request of the Practice, MidSouth shall supply to the Practice at all other times, as the Practice shall deem necessary, an accounting and reconciliation of the Governmental Lockbox Account and the Non-Governmental Lockbox Account.
A separate Governmental Lockbox and Governmental Lockbox Account shall be established for each Borrower that is a licensed provider under the Medicaid or Medicare programs, if applicable.