HOSPITAL ACCOUNT Sample Clauses

HOSPITAL ACCOUNT. The term "Hospital Account" shall mean the bank account of Hospital established as described in Section 3.12 hereof.
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HOSPITAL ACCOUNT. Hospital has established and shall continue to maintain the bank account styled "Checking" at Bank of River Oaks (the "Hospital Account"). All funds, fees and revenues collected by Hospital from the provision of emergency health care services and treatment at the Facilities (including, without limitation, amounts received for reimbursement or indemnification from Blue Shield/Blue Cross, Aetna, and all other private insurance providers and third party payers (excluding Medicare, Medicaid, Thom and other government payers or their agents) or fiscal intermediaries for covered reimbursable emergency health care services and treatment provided at the Facilities ("Collected Fees") shall be deposited in the Hospital Account and held in trust by the Hospital in the Hospital Account for the sole account and benefit of ER. On a daily basis Hospital shall reconcile deposits made in the Hospital Account with the Collected Fees and remit to ER, within two (2) business days of receipt of EOB's (Explanation of Benefits) and deposits thereof, all such Collected Fees. Hospital shall not take any actions or omit to take any actions which might result in ER's not receiving the Collected Fees as provided herein, Furthermore, Hospital shall not withdraw any Collected Fees from or close the Hospital Account without ER's prior written consent. In furtherance of the foregoing, ER shall have full read-only. access to the Hospital Account for the purpose of verifying collection of Collected Fees by Hospital and payment of Collected Fees by Hospital to ER. In addition, ER shall have the right to audit the Hospital's books and records during normal business hours in order to verify the Hospital's proper payment of the Collected Fees to ER. [ER shall be responsible for making payment of any sublease payments payable by the Hospital to ER relating to the Location on behalf of Hospital from the Collected Fees paid to it by the Hospital
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HOSPITAL ACCOUNT. 16 A. COUNTY shall require the INTERMEDIARY to maintain an account, herein referred to as the 17 Hospital Account, for the purpose of depositing and disbursing Funds to Contracting Hospitals, as 18 specified in the MSI Hospital Agreement.
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HOSPITAL ACCOUNT. 17 COUNTY shall require the Intermediary to maintain a separate account, for each period of the 18 Agreement, herein referred to as the Hospital Account, for the purpose of depositing and disbursing 19 Funds to HOSPITAL, as specified in Exhibit A to the Agreement. The Intermediary shall thereafter 20 make the Periodic Interim Payments (PIP payments) as specified in Exhibit C to the Agreement. Any 21 other Accounts identified in this Exhibit B are for purposes of reference only and are defined in 22 COUNTY’s Agreement with Intermediary. 23
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HOSPITAL ACCOUNT. 15 COUNTY shall require the Intermediary to maintain an account, herein referred to as the Hospital 16 Account, for the purpose of depositing and disbursing Funds to HOSPITAL, as specified in Exhibit A to 17 this Agreement. The Intermediary shall thereafter make the Periodic Interim Payments (PIP payments) 18 as specified in Exhibit E to this Agreement. 19
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Related to HOSPITAL ACCOUNT

  • Capital Account (a) There shall be established for each Member on the books of the Company a Capital Account in accordance with Section 704 of the Code and the Treasury Regulations promulgated thereunder.

  • Capital Account Restoration No Limited Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership. The General Partner shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable year of the Partnership during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation.

  • Deficit Capital Account Upon the dissolution of the Company, any Member having a deficit balance in its Capital Account shall contribute to the Company the amount of cash or other assets (at their fair market value) necessary to bring the balance of such Member's Capital Account to zero after taking into account all allocations required by the regulations under Section 704(b) of the Code and all distributions of cash and other assets.

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Deficit Capital Accounts No Member will be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in the Member’s Capital Account.

  • Capital Accounts of the Partners A. The Partnership shall maintain for each Partner a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to this Agreement and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to this Agreement and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof.

  • Capital Account Deficits Loss shall not be allocated to a Limited Partner to the extent that such allocation would cause a deficit in such Partner’s Capital Account (after reduction to reflect the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6)) to exceed the sum of such Partner’s shares of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain. Any Loss in excess of that limitation shall be allocated to the General Partner. After the occurrence of an allocation of Loss to the General Partner in accordance with this Section 5.01(e), to the extent permitted by Regulations Section 1.704-1(b), Profit first shall be allocated to the General Partner in an amount necessary to offset the Loss previously allocated to the General Partner under this Section 5.01(e).

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

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