Common use of DEPOSIT OF NET PRACTICE REVENUES Clause in Contracts

DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, of which Manager shall be the owner and from which Manager shall have the sole right to make withdrawals to pay Practice Expenses and Incentive Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.

DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, of which Manager shall be the owner and from which Manager shall have the sole right to make withdrawals to pay Practice Expenses and Incentive Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 5.1 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b5.2(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.

DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, of which Manager or Parent shall be the owner and from which Manager or Parent shall have the sole right to make withdrawals to pay Practice Expenses and Incentive Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate identify Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.