Common use of Misdirected Payments Clause in Contracts

Misdirected Payments. If any party receives any amount from patients, any Government Program, any other third-party payors, group purchasing organizations or suppliers which, under the terms of this Agreement, belongs to the other party, the party receiving such amount shall remit within twenty (20) Business Days said full amount to the other party.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Healthsouth Corp), Asset Purchase Agreement (LifeCare Holdings, Inc.)

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Misdirected Payments. If any either party receives any amount from patients, any Government Program, any other patients or third-party payors, group purchasing organizations or suppliers payors which, under the terms of this Agreement, belongs to the other party, the party receiving such amount shall remit within twenty three (203) Business Days business days said full amount to the other party.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Medcath Corp), Asset Purchase Agreement (Medcath Corp)

Misdirected Payments. If any either party receives any amount from patients, any Government Program, any other patients or third-party payors, group purchasing organizations or suppliers payors which, under the terms of this Agreement, belongs to the other party, the party receiving such amount shall remit within twenty (20) Business Days ten business days said full amount to the other party. Any amounts due under this Section 10.4 shall bear interest from the date due hereunder until paid at a rate equal to the Applicable Rate per annum.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Medcath Corp), Asset Purchase Agreement (Medcath Corp)

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Misdirected Payments. If any From and after the Closing, if either party receives any amount from patients, any Government Programgovernment program, any other third-party payors, group purchasing organizations or suppliers which, under the terms of this Agreement, belongs to the other party, the party receiving such amount shall remit within twenty thirty (2030) Business Days days said full amount to the other party.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Apollo Medical Holdings, Inc.), Stock Purchase Agreement (Apollo Medical Holdings, Inc.)

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