Insufficient Funds in Account. During the Term of this Agreement, Business Manager shall advance sufficient funds to cover all expenses and obligations only if, and to the extent that, the amount of such advances, plus accrued interest thereon, does not exceed the reasonably collectable value of the Practice's accounts receivable as determined by Business Manager in its reasonable discretion plus any amounts borrowed by Business Manager pursuant to Section 5.4. Business Manager may, however, elect from time to time to advance additional funds to the Practice at its discretion. Any of such advances shall be deemed loans to the Practice to be repaid by the Practice along with interest at six percent (6%) per annum. Any of such advanced amounts which have not been paid to Business Manager pursuant to Section 3.10(a)(i) on the date of termination of this Agreement shall become due and payable on the date of such termination.
Insufficient Funds in Account. During the Term of this Agreement, Business Manager shall advance sufficient funds to cover all Practice Expenses and Shareholder Expenses only if, and to the extent that, the amount of such advances, plus accrued interest thereon, does not exceed the reasonably collectable value of the Practice's accounts receivable as determined by Business Manager in its reasonable discretion plus any amounts borrowed by Business Manager pursuant to Section 5.4 and minus the accrued Management Fee. Business Manager may, however, elect from time to time to advance additional funds to the Practice at its discretion. Any of such advances shall be deemed loans to the Practice to be repaid by the Practice along with interest at six percent (6%) per annum. Any of such advanced amounts which have not been paid to Business Manager pursuant to Section 3.10(a)(i) on the date of termination of this Agreement shall become due and payable on the date of such termination.
Insufficient Funds in Account. Seller understands that it is responsible for ensuring that the Estimated Payment amount is available in the Account each business day/week/month or advising Parkside prior to each daily/weekly/monthly withdrawal of a shortage of funds. Seller will be responsible for any fees incurred by Parkside as a result of a rejected electronic check or ACH debit attempt (if no prior notice was provided) and such rejection may be result in event of default as defined with Section D. Parkside is not responsible for any overdrafts or rejected transactions that may result from Parkside’s debiting any amount authorized under the terms of the Agreement. Seller acknowledges that the foregoing ACH authorization is a fundamental condition to induce Parkside to accept the Agreement. As such, such authorization is intended to be irrevocable.
