Payment by Customers Clause Samples
The 'Payment by Customers' clause defines the obligations and procedures for customers to pay for goods or services provided under the agreement. It typically outlines when payments are due, acceptable payment methods, and any consequences for late or missed payments, such as interest charges or suspension of service. By clearly specifying these terms, the clause ensures both parties understand the financial expectations and helps prevent disputes over payment timing or methods.
Payment by Customers a. Customers must make payment to Network Provider within thirty (30) business days (or less, if required by applicable state law) of Network’s receipt of a Clean Claim in order to obtain the benefit of the Contract Rate, except as set forth in paragraph 6 of this Section D below. Upon request, Network Provider shall furnish to Customer and/or Network all information reasonably required to verify the health care services provided and the charges for such services. Customers’ payments due under this Agreement shall be reduced by any and all applicable Benefit Program design deductibles, co-payments, and co-insurance amounts. Customers, (State of Illinois) are required to comply with the payment guidelines as published in the Illinois Workers’ Compensation Act, Section 4.2(d)(3).
b. Network Provider acknowledges that (a) Network’s arrangements with its Customers for access to the Contract Rate described in this Agreement may be deemed to be network “rental,” “lease,” or “sale” arrangements under some state or federal laws, and (b) some state or federal laws require specific disclosure of such arrangements. Accordingly, to the extent that the terms “rent,” “lease,” or “sale” apply to Network’s Customer arrangements as contemplated under this Agreement, Network and Network Provider agree that Network and its affiliates may lease, sell, rent or otherwise grant access to Network Provider’s Contract Rate to third parties, including other preferred provider organizations. Each Customer's entitlement to the Contract Rate under this Agreement is subject to such Customer's compliance with the applicable terms of this Agreement.
c. Nothing in this Agreement shall be construed as a waiver by any Customer of its right to review claims for medical necessity or appropriateness in accordance with the terms of its Benefit Program; and, in the event a conflict arises between the terms of this Agreement and the terms of a Benefit Program, the terms of the Benefit Program shall apply.
Payment by Customers. After Closing, any funds paid by any customer of the Company to any Seller or to the Company shall be deposited in the Company’s bank accounts, and Sellers shall take all steps the Purchaser may request to place the Purchaser’s designated manager(s) of the Company in control of all the Company’s bank accounts.
Payment by Customers. Company will render all invoices directly to Customers, and all invoice payments shall be made directly to the Company by Customers. Company shall have the sole right of credit approval or credit refusal for Customers in all cases. It is understood by Company that full responsibility for all collection rests with Company.
Payment by Customers. 7 10.02 Coupons..................................................... 8 10.03