Common use of Final Settlement of Reimbursement Obligation Clause in Contracts

Final Settlement of Reimbursement Obligation. Within thirty (30) days of the end of the Subsidy Period or the early termination of this Agreement, the Provider shall report to the District the value of the Recruited Physician's accounts receivable as of the end of the Subsidy Period or the early termination date. Upon receipt of the report of the value of the Recruited Physician's accounts receivable, the District will calculate the amount of the Income Subsidy it paid to the Provider. The Provider shall repay the amount of the Income Subsidy, if any, by making monthly payments of principal and interest to the District over a forty-eight (48) month period and bearing interest at the prime rate, as published in the Wall Street Journal on the last day of the Subsidy Period, plus one percent per annum. The Provider shall execute a promissory note in favor of the District evidencing the repayment obligation set forth above. The monthly payment due on the promissory note shall be forgiven for each month that the Recruited Physician maintains a full-time practice in compliance with all terms and conditions of this Agreement.

Final Settlement of Reimbursement Obligation. Within thirty (30) days of the end of the Subsidy Period or the early termination of this Agreement, the Provider Physician shall report to pay the District the value of the Recruited Physician's accounts receivable as of the end of the Subsidy Period or the early termination date. Upon receipt of the report of the value of the Recruited Physician's accounts receivable, the District will calculate the amount of the Income Subsidy it paid to the ProviderPhysician. The Provider Physician shall repay the amount of the Income Subsidy, if any, by making monthly payments of principal and interest to the District over a fortyforty‑eight-eight (48) month period and bearing interest at the prime rate, as published in the Wall Street Journal on the last day of the Subsidy Period, plus one percent per annum. The Provider Physician shall execute a promissory note in favor of the District evidencing the repayment obligation set forth above. The monthly payment due on the promissory note shall be forgiven for each month that the Recruited Physician maintains a full-time full‑time practice in compliance with all terms and conditions of this Agreement.

Final Settlement of Reimbursement Obligation. Within thirty (30) days of the end of the Subsidy Period or the early termination of this Agreement, the Provider shall report to the District the value of the Recruited Physician's accounts receivable as of the end of the Subsidy Period or the early termination date. Upon receipt of the report of the value of the Recruited Physician's accounts receivable, the District will calculate the amount of the Income Subsidy it paid to the Provider. The Provider shall repay the amount of the Income Subsidy, if any, by making monthly payments of principal and interest to the District over a forty-eight forty‑eight (48) month period and bearing interest at the prime rate, as published in the Wall Street Journal on the last day of the Subsidy Period, plus one percent per annum. The Provider shall execute a promissory note in favor of the District evidencing the repayment obligation set forth above. The monthly payment due on the promissory note shall be forgiven for each month that the Recruited Physician maintains a full-time full‑time practice in compliance with all terms and conditions of this Agreement.

Final Settlement of Reimbursement Obligation. Within thirty (30) days of the end of the Subsidy Period or the early termination of this Agreement, the Provider Physician shall report to pay the District the value of the Recruited Physician's accounts receivable as of the end of the Subsidy Period or the early termination date. Upon receipt of the report of the value of the Recruited Physician's accounts receivable, the District will calculate the amount of the Income Subsidy it paid to the ProviderPhysician. The Provider Physician shall repay the amount of the Income Subsidy, if any, by making monthly payments of principal and interest to the District over a forty-eight (48) eight- month period and bearing interest at the prime rate, as published in the Wall Street Journal on the last day of the Subsidy Period, plus one percent per annum. The Provider Physician shall execute a promissory note in favor of the District evidencing the repayment obligation set forth above. The monthly payment due on the promissory note shall be forgiven for each month that the Recruited Physician maintains a full-time practice in compliance with all terms and conditions of this Agreement.