Common use of Declining Collections Clause in Contracts

Declining Collections. (a) If for any reason Provider’s monthly Collections decline below the average monthly Base Collections, Dental Cooperative shall, upon Provider’s request, make available consulting services through the Professional Standards Committee (or their designees) to review practice operations and to recommend remedial actions to restore profitability. Provider shall pay the actual cost of such consulting services. (b) Outside professional review of the Dental Practice, at Provider’s expense, shall be required by Dental Cooperative under either of the following conditions: (i) The amount of Provider’s monthly Collections for any month is less than sixty percent (60%) of the average monthly Base Collections. (ii) The amount of Collections during any consecutive three (3)-month period shall not be less than eighty percent (80%) of three times the average monthly Base Collections. (c) If, as a result of the outside review provided under (a) or (b), the Professional Standards Committee determines, in its sole discretion, that the declines in Provider’s Collections cannot be reasonably remediated, Dental Cooperative may notify Provider that it is in breach of this Agreement, which breach will constitute an event of default under this Agreement and will result in termination of this Agreement.

Declining Collections. (a) If for any reason Provider’s 's monthly Collections decline below the average monthly Base Collections, Dental Cooperative shall, upon Provider’s 's request, make available consulting services through the Professional Standards Committee (or their designees) to review practice operations and to recommend remedial actions to restore profitability. Provider shall pay the actual cost of such consulting services. (b) Outside professional review of the Dental Practice, at Provider’s 's expense, shall may be required by Dental Cooperative under either of the following conditions: (i) The amount of Provider’s 's monthly Collections for any month is less than sixty percent (60%) of the average monthly Base Historic Collections. (ii) The amount of Collections during any consecutive three (3)-month period shall not be less than eighty percent (80%) of three times the average monthly Base Historic Collections. (c) If, as a result of the outside review provided under (a) or (b), the Professional Standards Committee determines, in its sole discretion, that the declines in Provider’s 's Collections cannot be reasonably remediated, Dental Cooperative may notify Provider that it is in breach of this Agreement, which breach will constitute an event of default under this Agreement and will result in termination of this Agreement and will discharge any future obligation of Dental Cooperative to make payments to Provider hereunder or under the Member Agreement.