Common use of Billing and Collection Agent Clause in Contracts

Billing and Collection Agent. VFD shall serve as billing and collection agent for the P.C. in connection with the Practice. VFD shall establish a depository bank account on behalf of the Practice and will deposit into such account collected fees generated from the Practice. As provided for in standing instructions issued by the P.C. to the bank where such depository account is located, VFD may withdraw all monies daily from said bank account for processing at a central location to be used for payment of the P.C.'s expenses, including the administrative services fee set forth in Section 5.4 hereof and any amounts advanced to the P.C. pursuant to Section 5.6 hereof. Said processing will consist of establishing and maintaining a book account for the P.C. showing all fee collections and expense disbursements made by VFD at the P.C.'s request. VFD will provide the P.C. with periodic financial statements for the Practice reflecting such processing.

Billing and Collection Agent. VFD The Manager shall serve as billing and collection agent for the P.C. in connection with the Practice. VFD The Manager shall establish a depository bank account on behalf of the Practice and will deposit into such account collected fees generated from the Practice. As provided for in standing instructions issued by the P.C. to the bank where such depository account is located, VFD the Manager may withdraw all monies daily from said bank account for processing at a central location to be used for payment of the P.C.'s expenses, including the administrative services fee set forth in Section 5.4 hereof and any amounts advanced to the P.C. pursuant to Section 5.6 hereof. Said processing will consist of establishing and maintaining a book account for the P.C. showing all fee collections and expense disbursements made by VFD the Manager at the P.C.'s request. VFD The Manager will provide the P.C. with periodic financial statements for the Practice reflecting such processing.