Factoring. Subject to timely notice to RELIANT, PRONOVA may assign its claims for payment as part of a factoring agreement.
Factoring. Contractor shall not charge SoonerCare providers a percentage of the charges billed, or of the amount collected for Medicaid reimbursable services. Factoring is strictly prohibited under 42 CFR § 447.10(h). Payments to business agents are regulated by 42 CFR § 447.10(f) (1) (3). Contractor shall fully comply with the CFR regulations stated herein. Failure to abide by these provisions shall result in immediate termination of this Agreement. This provision shall survive termination or expiration of this Agreement.
Factoring. Seller may, upon notice to Buyer and subject to Buyer's consent which may not be unreasonably withheld, sell receivables to a Third Party or Affiliate.
Factoring. Carrier shall provide BROKER written notice of any assignment, factoring, or other transfer of its right to receive payments arising under this Contract at least thirty (30) days prior to such assignment, factoring, or other transfer taking legal effect as to BROKER’s payment obligations (BROKER shall not be obligated to honor any factoring, assignment or any other transfer of CARRIER’s right to receive any payments hereunder unless such notice is timely received). Such written notice shall include the name and address of factoring company, assignee/transferee, date, date assignment is to begin, and terms of the assignment, and shall be considered delivered upon receipt of such written notice by BROKER. BROKER shall have the right to ask for and CARRIER shall be obligated to furnish any further documentation BROKER requires in order to satisfy itself as to the authenticity and payment requirements of the factoring arrangement(s). BROKER’s payment obligations hereunder shall not be subject to more than one factoring/assignment agreement at any one time. No multiple assignments, factoring or other such transfers by the CARRIER shall be binding on BROKER. Any and all factoring agreements are taken subject to the terms of this Agreement regardless of when, or if BROKER receives a notice of assignment. CARRIER shall indemnify, release and hold BROKER and its CUSTOMER harmless from and against any and all lawsuits, claims, actions, damages (including reasonable attorneys’ fees, costs, liabilities, and liens) arising or imposed on BROKER in connection with any factoring/assignment or transfer of any account or right arising thereunder. If CARRIER wants to terminate a factoring arrangement, a written release from the CARRIER and the factoring company in a form satisfactory to BROKER’s counsel must be received by BROKER specifying the terms and date of release. CARRIER also releases and waives any and all right, claim or action against BROKER and its CUSTOMER for any amount due and owing under this Agreement where CARRIER has not complied with any one of the requirements of this section.
Factoring. Carrier shall provide Broker written notice of any assignment, factoring or other transfer of its right to receive payment arising under this Contract thirty (30) days prior to such assignment, factoring, or other transfer taking legal effect. Such written notice shall include the name and address of assignee/transferee, date; date assignment is to begin, terms of the assignment and shall be considered delivered upon receipt of such written notice by Xxxxxx. Carrier shall be allowed to have only one assignment, factoring or transfer legally effective at any one point in time and no multiple assignments, factoring or transfers by the Carrier shall be permitted. Xxxxxxx shall indemnify Broker against and hold Broker harmless from any and all lawsuits , claims, actions or damages (including reasonable attorney’s fees, obligation, liabilities and liens) arising or imposed in connection with the assignment or transfer of any account or right arising hereunder. Xxxxxxx also releases and waives any right, claim or action against Broker for the amount due and owing under this Contract where Xxxxxxx has not complied with the notice requirements of this section.
Factoring. CARRIER shall provide BROKER written notice of any assignment, factoring, or other transfer of its right to receive payments arising under this Contact thirty (30) days prior to such assignment, factoring, or other transfer taking legal effect. Such written notice shall include the name and address of assignee/transferee, date, date assignment is to begin, and terms of the assignment, and shall be considered delivered upon receipt of such written notice by BROKER. CARRIER shall be allowed to have only one assignment, factoring or transfer legally effective at any one point in time, and no multiple assignments, factoring or transfers by the CARRIER shall be permitted. CARRIER shall indemnify BROKER against and hold BROKER harmless from any and all lawsuits, claims, actions, damages, (including reasonable attorneys fees, obligations, liabilities and liens) arising or imposed in connection with the assignment or transfer of any account or right arising thereunder where the CARRIER has not complied with the notification assignment requirements of this section. CARRIER also releases and waives any right, claim or action against BROKER for amounts due and owing under this Agreement where CARRIER has not complied with the notice requirements of the section.
Factoring. Where We are unable to obtain sufficient funds from You to satisfy any payment due, We may assign the outstanding debt to a third party factoring company in accordance with clause 16.4. In this case Your payment obligations in respect of the assigned debt will be owed to the third party factoring company such that they can collect the debt from You in their own name, but all other rights and obligations under theses Terms of Use shall remain unaffected. Where an outstanding debt has been assigned, interest on late payments will be accrued in accordance with the Late Payment of Commercial Debts (Interest) Act 1998 as amended and supplemented by the Late Payment of Commercial Debts Regulations 2002 and We will be entitled to suspend further services.
Factoring. CARREIR shall provide BROKER written notice of any assignment, factoring, or other transfer of its right to receive payments arising under this Agreement at least THIRTY (30) days prior to any such assignment, factoring or other transfer taking legal effect as to BROKER’s payment obligation hereunder. BROKER shall not be obligated to honor any factoring, assignment or any other transfer of CARRIER’s right to receive payment hereunder unless such notice is timely received per the terms of this Agreement.
Factoring. Section 16.1 Carrier shall provide Shipper thirty (30) days prior written notice of any assignment, factoring, or other transfer of its right to receive payments arising under this Agreement and obtain Shipper’s written consent to such assignment, factoring, or other transfer prior to same taking legal effect. Such written notice shall include the name and address of assignee/transferee, date, date assignment is to begin, and terms of the assignment, and shall be considered delivered upon receipt of such written notice by Shipper.
Factoring. The Company and the Bank have in place appropriate and customary underwriting and risk management policies and procedures with respect to the factoring business conducted by the Bank and such factoring business has been and is being operated in all material respects in accordance with such policies and procedures and applicable Law.
