Loans to Practice Account. In the event that funds are required to be advanced by Company to provide for working capital for the operation of the Practice, such funds shall be reimbursed to Company from the Practice Account as soon as available. Any loan amounts which are not repaid to Company within thirty (30) days from disbursement by Company shall bear interest at the rate of eight percent (8%) on the unpaid balance until repaid. Any amounts advanced shall be reimbursed to Company solely from the Practice Account from funds generated from the Practice, and Doctor shall incur no liability for repayment other than from such funds.
Appears in 4 contracts
Samples: Facilities and Management Services Agreement (MySkin, Inc.), Facilities and Management Services Agreement (MySkin, Inc.), Facilities and Management Services Agreement (MySkin, Inc.)
