Examples of Medicare Account in a sentence
Lender agrees that Lender will not have a right of set off with respect to the Medicare Account.
Borrower authorizes and directs Lender to sweep all funds from the Medicare Account to the Operating Account on a daily basis, and in the absence of a Default, such funds in the Operating Account may be used by Borrower, all in accordance with the terms of the Account Collections Agreement.
Medicaid/ Medicare Account ------------------------------------------------- Debtor" means any Account Debtor which is (i) the United States of America acting under the Medicaid/Medicare program established pursuant to the Social Security Act, (ii) any state or the District of Columbia acting pursuant to a health plan adopted pursuant to Title XIX of the Social Security Act or (iii) any agent, carrier, administrator or intermediary for any of the foregoing.
Grantor hereby waives any and all defenses and counterclaims it may have or could interpose in any action or procedure brought by Secured Party to obtain an order of court recognizing the assignment or security interests and Liens of Secured Party in and to Account, Receivable or other Collateral, whether payable to Grantor or any of its Subsidiaries and whether or not payable by a Medicaid/ Medicare Account Grantor.
Debtor hereby waives any and all defenses and counterclaims it may have or could interpose in any action or procedure brought by Secured Party to obtain an order of court recognizing the assignment or security interests and Liens of Secured Party in and to Account, Receivable or other Collateral, whether payable to Debtor or any of its Subsidiaries and whether or not payable by a Medicaid/ Medicare Account Debtor.
The provisions of the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s, or any of its Subsidiaries’, employees and identified to Collateral Agent by Borrower as such in the Perfection Certificate or with respect to each Medicare Account.