Common use of Misapplied Payments Clause in Contracts

Misapplied Payments. In the event the parties mutually determine in good faith that a payment described hereunder was misapplied, then the party erroneously receiving the payment shall remit the same to the party properly entitled to the payment within ten (10) business days after said determination is made.

Appears in 3 contracts

Samples: Management Services Agreement (CNL Healthcare Properties, Inc.), Management Services Agreement (CNL Healthcare Properties, Inc.), Management Services Agreement (CNL Healthcare Properties, Inc.)

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Misapplied Payments. In the event the parties mutually determine in good faith that a any payment described hereunder was misappliedmisapplied by the parties, then the party which erroneously receiving the received said payment shall remit the same to the party properly entitled to the payment other within ten (10) business days after said determination is made.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (CNL Healthcare Properties, Inc.)

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Misapplied Payments. In the event the parties Parties mutually determine in good faith that a any payment described hereunder was misappliedmisapplied by the Parties, then the party Party which erroneously receiving the received said payment shall remit the same to the party properly entitled to the payment other within ten (10) business days after said determination is made.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Five Star Quality Care Inc)

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