Misdirected Payments, Etc. Seller and Purchaser covenant and agree to remit, with reasonable promptness, to the other any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the other. In addition, and without limitation, in the event of a determination by any governmental or third-party payor that payments to Seller or the Hospital resulted in an overpayment or other determination that funds previously paid by any program or plan to Seller or the Hospital must be repaid, Seller shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered prior to the Effective Time and Purchaser shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered after the Effective Time. In the event that, following the Effective Time, Purchaser suffers any offsets against reimbursement under any third-party payor or reimbursement programs due to Purchaser, relating to amounts owing under any such programs by Seller or any of its Affiliates, Seller shall promptly upon demand from Purchaser pay to Purchaser the amounts so billed or offset. In the event that, following the Effective Time, Seller suffers any offsets against reimbursement under any third-party payor or reimbursement programs due to Seller, relating to amounts owing under any such programs by Purchaser or any of its Affiliates, Purchaser shall promptly upon demand from Seller pay to Seller the amounts so billed or offset.
Misdirected Payments, Etc. Sellers and Buyer covenant and agree to remit to the other, with reasonable promptness (within five (5) business days after receipt) to the other any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the other. In addition, and without limitation, in the event of a determination by any governmental or third-party payor that payments to the Sellers or the Hospital resulted in an overpayment or other determination that funds previously paid by any program or plan to the Sellers or the Hospital must be repaid, Sellers shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered prior to the Effective Time and Buyer shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered after the Effective Time. In the event that, following Closing, Buyer suffer any offsets against reimbursement under any third-party payor or reimbursement programs due to Buyer, relating to amounts owing under any such programs by Sellers or any of their Affiliates, Sellers shall promptly upon demand from Buyer pay to Buyer the amounts so billed or offset.
Misdirected Payments, Etc. The Company and Buyer covenant and agree to remit, with reasonable promptness, to the other any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the other.
Misdirected Payments, Etc. Buyer and the Seller covenant and agree to remit, with reasonable promptness, to the other any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the other. In addition, and without limitation, in the event of a determination by any governmental or third-party payor that payments to Seller or the Facility resulted in an overpayment or other determination that funds previously paid by any program or plan to Seller or the Facility must be repaid, Seller shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered prior to the Closing Date and the Buyer shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered after the Closing Date. In the event that, following Closing, the Buyer suffers any offsets against reimbursement under any third-party payor or reimbursement programs due to the Seller, relating to amounts owing under any such programs by Seller or any of its Affiliates, Seller shall immediately upon written demand from the Buyer pay to the Buyer the amounts so billed or offset.
Misdirected Payments, Etc. 40 9.8. Use of Controlled Substance Permits................................................ 40 9.9. Loss Experience.................................................................... 40 9.10. Net Worth Covenant................................................................. 40 ARTICLE 10.
Misdirected Payments, Etc. Shareholder covenants and agrees to remit, with reasonable promptness, to the Company any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the Company. In addition, and without limitation, in the event of a determination by any governmental or third-party payor that payments to Shareholder or the Company resulted in an overpayment or other determination that funds previously paid by any program or plan to Shareholder or the Company must be repaid, Shareholder shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered prior to the Effective Time and the Company shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered after the Effective Time. In the event that, following the Effective Time, the Company suffers any offsets against reimbursement under any third-party payor or reimbursement programs due to the Company, relating to amounts owing under any such programs by Shareholder or any of its Affiliates or the Company, Shareholder shall promptly upon demand from the Company pay to the Company the amounts so billed or offset.
Misdirected Payments, Etc. Each Seller and each Buyer covenant and agree to remit, with reasonable promptness, to the other any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the other.
Misdirected Payments, Etc. Each of Sellers and Buyers shall remit to the other with reasonable promptness any payments received, which payments are on or in respect of accounts or notes receivable owned by and due to (or are otherwise payable to) the other. In addition, if any Government Reimbursement Program or other Person determines that funds previously paid or credited to any of Sellers, any other Affiliate of Sellers, or the Facilities in respect of services rendered prior to the Closing Date have resulted in an overpayment or must be repaid, Sellers shall be responsible for, and reimburse Buyers for, the repayment of said monies (and the defense of such actions) subject to the provisions and limitations of Article 11. Subject to the provisions and limitations of Article 11, if any Buyer suffers any deduction to or offset against amounts due such Buyer of funds previously paid or credited to any Seller, any Affiliate of Sellers, or the Facilities in respect of services rendered prior to the Closing Date, Sellers shall pay immediately to such Buyers the amounts so billed or offset upon demand.
Misdirected Payments, Etc. Following the Closing, Buyer and Seller covenant and agree to remit, with reasonable promptness, to the other any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the other party or its subsidiaries; provided, that any customer payments deposited in Seller’s bank accounts following the Closing in respect of accounts receivable owed to Buyer shall be remitted by Seller to Buyer no later than twenty-one (21) calendar days following deposit.
Misdirected Payments, Etc. Seller covenants and agrees to remit, with reasonable promptness, to the Partnership any payments received, which payments are on or in respect of accounts or notes receivable owned by (or are otherwise payable to) the Partnership or the Hospital. In the event of a determination by any governmental or third-party payor that payments to Seller, the Hospital or the Partnership resulted in an overpayment or other determination that funds previously paid by any program or plan to Seller, the Hospital or the Partnership must be repaid, Seller shall not be responsible for repayment of said monies (or defense of such actions) even if such overpayment or other repayment determination was for services rendered prior to the Effective Time and the Partnership shall be responsible for repayment of said monies (or defense of such actions) if such overpayment or other repayment determination was for services rendered after the Effective Time.
