Common use of Accounts Receivable; Payors Clause in Contracts

Accounts Receivable; Payors. (a) Attached hereto as Schedule 5.25 (a) is a list and aging of all accounts receivable of Seller as of April 30, 1998, which list is complete, true and accurate in all material respects. All such accounts receivable arose in the ordinary course of business and have not been previously written off as bad debts and, are, to the extent still uncollected, collectible in the ordinary course of business, net of reserves for doubtful and uncollectible accounts shown in Seller Financial Statements or on the accounting records of Seller (which reserves are adequate and calculated consistent with past practice). Notwithstanding the foregoing, nothing shall be construed hereunder as a guarantee by Seller of the collectibility of the accounts receivable. (b) Schedule 5.25(b) sets forth a true, correct and complete list of the names and addresses of each Payor including, but not limited to, all private-pay patients as a single Payor, of Seller which accounted for more than 5% of the revenues of Seller in the fiscal year ended December 31, 1997, or which is reasonably expected to account for more than 5% of the revenues of Seller for the fiscal year to end December 31, 1998. Except as set forth in Schedule 5.25(b), Seller has satisfactory relations with such Payors and none of such Payors has notified Seller that it intends to discontinue its relationship with Seller or to deny any payments due from, or any claims for payment submitted to any such party.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Physician Partners Inc)

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Accounts Receivable; Payors. (a) Attached hereto as Schedule 5.25 (a) is a list and aging of all accounts receivable of Seller as of April 30December 15, 19981997, which list is complete, true and accurate in all material respects. All such accounts receivable arose in the ordinary course of business and have not been previously written off as bad debts and, are, to the extent still uncollected, collectible in the ordinary course of business, net of reserves for doubtful and uncollectible accounts shown in Seller Financial Statements or on the accounting records of Seller (which reserves are adequate and calculated consistent with past practice). Notwithstanding the foregoing, nothing shall be construed hereunder as a guarantee by Seller of the collectibility of the accounts receivable. (b) Schedule 5.25(b) sets forth a true, correct and complete list of the names and addresses of each Payor including, but not limited to, all private-pay patients as a single Payor, of Seller which accounted for more than 5% of the revenues of Seller in the fiscal year ended December 31, 1997, or which is reasonably expected to account for more than 5% of the revenues of Seller for the fiscal year to end ended December 31, 1998. Except as set forth in Schedule 5.25(b), Seller has satisfactory relations with such Payors and none of such Payors has notified Seller that it intends to discontinue its relationship with Seller or to deny any payments due from, or any claims for payment submitted to any such party.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Physician Partners Inc)

Accounts Receivable; Payors. (a) Attached hereto as Schedule 5.25 (a) is a list and aging of all accounts receivable of Seller as of April November 30, 19981997, which list is complete, true and accurate in all material respects. All such accounts receivable arose in the ordinary course of business and have not been previously written off as bad debts and, are, to the extent still uncollected, collectible in the ordinary course of business, net of reserves for doubtful and uncollectible accounts shown in Seller Financial Statements or on the accounting records of Seller (which reserves are adequate and calculated consistent with past practice). Notwithstanding the foregoing, nothing shall be construed hereunder as a guarantee by Seller of the collectibility of the accounts receivable. (b) Schedule 5.25(b) sets forth a true, correct and complete list of the names and addresses of each Payor including, but not limited to, all private-pay patients as a single Payor, of Seller which accounted for more than 5% of the revenues of Seller in the fiscal year ended December 31, 19971996, or which is reasonably expected to account for more than 5% of the revenues of Seller for the fiscal year to end December 31, 19981997. Except as set forth in Schedule 5.25(b), Seller has satisfactory relations with such Payors and none of such Payors has notified Seller that it intends to discontinue its relationship with Seller or to deny any payments due from, or any claims for payment submitted to any such party.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Physician Partners Inc)

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Accounts Receivable; Payors. (a1) Attached hereto as Schedule 5.25 (a5.25(a) is a list and aging of all accounts receivable of Seller as of April 30February 28, 1998, which list is complete, true and accurate in all material respects. All such accounts receivable arose in the ordinary course of business and have not been previously written off as bad debts and, are, to the extent still uncollected, collectible in the ordinary course of business, net of contractual allowances, reserves for doubtful and uncollectible accounts shown in Seller Financial Statements or on the accounting records of Seller (which reserves are adequate and calculated consistent with past practice). Notwithstanding the foregoing, nothing shall be construed hereunder as a guarantee by Seller of the collectibility of the accounts receivable. (b2) Schedule 5.25(b) sets forth a true, correct and complete list of the names and addresses of each Payor including, but not limited to, all private-pay patients as a single Payor, of Seller which accounted for more than 5% of the revenues of Seller in the fiscal year ended December 31February 28, 19971998, or which is reasonably expected to account for more than 5% of the revenues of Seller for the fiscal year to end ended December 31, 1998. Except as set forth in Schedule 5.25(b), Seller has satisfactory relations with such Payors and none of such Payors has notified Seller that it intends to discontinue its relationship with Seller or to deny any payments due from, or any claims for payment submitted to any such party.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Physician Partners Inc)

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