Accounts and Loans Receivable Sample Clauses

Accounts and Loans Receivable. Schedule 3.17 sets forth a true and complete listing of all Accounts Receivable and loans receivable as of the date of this Agreement and an aging schedule as of such date for the loans receivable reflecting the aggregate amount of all Accounts Receivable outstanding and loans receivable past due (i) 30 days or less, (ii) more than 30 days but less than or equal to 60 days, (iii) more than 60 days but less than or equal to 90 days, and (iv) more than 90 days. All of the Accounts Receivable and loans receivable have arisen in the ordinary and regular course of business and represent bona fide transactions with third parties.

Accounts and Loans Receivable. Schedule 4.17 sets forth a true and complete listing of all Accounts Receivable and loans receivable as of the date of this Agreement and an aging schedule as of such date for the loans receivable. All of the Accounts Receivable and loans receivable have arisen in the ordinary course of business and represent bona fide transactions with third parties.

Accounts and Loans Receivable. At May 31, accounts and loans receivable consist of the following (in millions): 2015 2014 Accounts and loans receivable, net: Patient care $ 247.9 $ 214.5 Grants, contracts and other 86.9 79.1 Shared appreciation mortgages 32.4 35.7 Student 14.9 13.8 Student loans, net 28.6 28.9 Total $ 410.7 $ 372.0

Accounts and Loans Receivable. At May 31, accounts and loans receivable consist of the following (in millions): 2016 2015 Accounts and loans receivable, net: Patient care $ 254.6 $ 235.3 Grants, contracts and other 109.8 100.4 Student 17.5 15.0 Student loans, net 29.1 28.6 Total $ 437.8 $ 410.7 3. ACCOUNTS AND LOANS RECEIVABLE (Continued) Approximately 12.4% and 11.9% of receivables was derived from services rendered under the Medicare program during the years ended May 31, 2016 and 2015, respectively. Accounts and loans receivable, and student loans receivable are net of allowances for doubtful accounts of $146.0 and $.6 million, respectively, for 2016 and $127.2 and $.6 million, respectively, for 2015. Shared appreciation mortgages were provided as part of a program to attract and retain excellent faculty and senior administrators through home mortgage financing assistance. Shared appreciation notes amounting to $29.3 and $33.9 million (gross of $2.5 million allowance for doubtful accounts) at May 31, 2016 and 2015, respectively, from University faculty and senior administrators are collateralized by second mortgages on residential properties. The program was suspended effective December 31, 2008 with limited exceptions. Student loans are made primarily pursuant to federal programs and availability of funding. The related receivables have significant government restrictions as to marketability, interest rates, and repayment terms. Their fair value is not readily determinable.