Common use of Billing Practices Clause in Contracts

Billing Practices. Borrower and, to Borrower’s knowledge (after due inquiry and investigation), Property Manager have properly and legally billed all intermediaries and Third Party Payors for services rendered with respect to Borrower’s Individual Property and have maintained their records to reflect such billing practices. No funds relating to Borrower or Property Manager are now, or, to the knowledge of Borrower will be, withheld by any Third Party Payor. All billing practices of Borrower and, to Borrower’s knowledge (after due inquiry and investigation), Property Manager, including those with respect to all Third Party Payors, including the Third Party Payor Programs, if applicable, and private insurance companies, including managed care organizations, have been and will be in compliance with all applicable laws, regulations and policies of such Third Party Payors and Third Party Payor Programs in all material respects. No cost report indicates, and no audit has resulted in, any determination that Borrower or, to Borrower’s knowledge (after due inquiry and investigation), Property Manager was overpaid by the Medicare program by $50,000 or more in any of the most recent three fiscal years covered by such audit.