Common use of Collection of Certain Patient Receipts and Payment of Clinic Expenses Clause in Contracts

Collection of Certain Patient Receipts and Payment of Clinic Expenses. ROAII agrees to establish and maintain a bank account, which shall be referred to as the ROAII Operating Account, for the purpose of (a) depositing proceeds from the sale of ROAII's Accounts Receivable pursuant to Section 8.3 and (b) paying (i) any Service Fees owed pursuant to Article VIII of this Agreement, (ii) expenses which are solely the obligation of ROAII (Excluded Expenses), and (iii) compensation or distributions to Physician Owners, and the distributions shall be made in that order of payment. ROAII shall designate a Company employee as a signatory on the ROAII Operating Account. After the payment of any Service Fees owed pursuant to Article VIII of this Agreement, and expenses which are solely the obligation of ROAII, ROAII may withdraw amounts for distributions to Physician Owners.

Collection of Certain Patient Receipts and Payment of Clinic Expenses. ROAII GCOA agrees to establish and maintain a bank account, which shall be referred to as the ROAII GCOA Operating Account, for the purpose of (a) depositing proceeds from the sale of ROAIIGCOA's Accounts Receivable pursuant to Section 8.3 and (b) paying (i) any Service Fees owed pursuant to Article VIII of this Agreement, (ii) expenses which are solely the obligation of ROAII GCOA (Excluded Expenses), and (iii) compensation or distributions to Physician Owners, and the distributions shall be made in that order of payment. ROAII GCOA shall designate a Company employee as a signatory on the ROAII GCOA Operating Account. After the payment of any Service Fees owed pursuant to Article VIII of this Agreement, and expenses which are solely the obligation of ROAIIGCOA, ROAII GCOA may withdraw amounts for distributions to Physician Owners.

Collection of Certain Patient Receipts and Payment of Clinic Expenses. ROAII VERO II agrees to establish and maintain a bank account, which shall be referred to as the ROAII VERO II Operating Account, for the purpose of (a) depositing proceeds from the sale of ROAIIVERO II's Accounts Receivable pursuant to Section 8.3 and (b) paying (i) any Service Fees owed pursuant to Article VIII of this Agreement, (ii) expenses which are solely the obligation of ROAII VERO II (Excluded Expenses), and (iii) compensation or distributions to Physician Owners, and the distributions shall be made in that order of payment. ROAII VERO II shall designate a Company employee as a signatory on the ROAII VERO II Operating Account. After the payment of any Service Fees owed pursuant to Article VIII of this Agreement, and expenses which are solely the obligation of ROAIIVERO II, ROAII VERO II may withdraw amounts for distributions to Physician Owners.