Common use of Governmental Entities Payment Mechanics Clause in Contracts

Governmental Entities Payment Mechanics. (a) On or prior to the Initial Transfer Date, each of the Primary Servicer, the Provider, the Purchaser, and DH-2 shall have entered into the Depositary Agreement, and the Provider shall have caused the Lockbox Bank to establish the Provider Lockbox and the Provider Lockbox Account. The Provider shall prepare, execute and deliver to each Governmental Entity or its fiscal intermediary who is proposed to be an Obligor of Receivables, with copies to the Purchaser, on or prior to the Initial Transfer Date, a Notice to Governmental Entities addressed to each such Governmental Entity, which Notice to Governmental Entities shall provide that all checks, including any attached EOB's, from Governmental Entities on account of Receivables shall be sent to the Provider Lockbox and all wire transfers on account of Receivables shall be wired directly into the Provider Lockbox Account.

Appears in 2 contracts

Samples: Healthcare Receivables Purchase and Transfer Agreement (Nu Tech Bio Med Inc), Healthcare Receivables Purchase and Transfer Agreement (Physicians Clinical Laboratory Inc)

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Governmental Entities Payment Mechanics. (a) On or prior to the Initial Transfer Date, each of the Primary Servicer, the ProviderProviders, the Purchaser, Healthco-4, and DH-2 the Lockbox Bank shall have entered into the Depositary Agreement, and the Provider Providers shall have caused the Lockbox Bank to establish the Provider Lockbox and the Provider Lockbox Account. The Each Provider shall prepare, execute and deliver to each Governmental Entity or its fiscal intermediary who is proposed to be an Obligor of Receivables, with copies to the Purchaser, on or prior to the Initial Transfer Date, a Notice Notices to Governmental Entities addressed to each such Governmental EntityEntities, which Notice Notices to Governmental Entities shall provide that all checks, including any attached EOB's, checks from Governmental Entities on account of Receivables shall be sent to the Provider Lockbox and all wire transfers on account of Receivables shall be wired directly into the Provider Lockbox Account.

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement (Mim Corp)

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Governmental Entities Payment Mechanics. (a) On or prior to the Initial Transfer Date, each of the Primary Servicer, the ProviderProviders, the Purchaser, and DH-2 shall have entered into the Depositary Agreement, and the Provider Providers shall have caused the Lockbox Bank to establish the Provider Government Lockbox and the Provider Government Lockbox Account. The Each Provider shall prepare, execute and deliver to the Purchaser on or prior to the Initial Transfer Date, Notices to Governmental Entities addressed to each Governmental Entity or its fiscal intermediary who is proposed to be an Obligor a payor of Receivables, with copies to the Purchaser, on or prior to the Initial Transfer Date, a Notice to Governmental Entities addressed to each such Governmental Entity, which Notice Notices to Governmental Entities shall provide that all checks, including any attached checks and EOB's, 's from Governmental Entities on account of Receivables shall be sent to the Provider Government Lockbox and all wire transfers on account of Receivables shall be wired directly into the Provider Government Lockbox Account.

Appears in 1 contract

Samples: Healthcare Receivables Purchase and Transfer Agreement (Community Care of America Inc)

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