Payment of Operational Expenses. As more fully set forth in Article IV, each Operational Expense shall be paid out of Practice Revenues and the Company shall have the authority to pay each such Operational Expense from the Company Lockbox Account.
Payment of Operational Expenses. The Management Company shall pay, on behalf and in the name of the P.C., all Operational Expenses, as defined herein, as they fall due, out of Net Practice Revenues; provided, however, that the Management Company may, in the name of and on behalf of the P.C., contest in good faith any claimed Operational Expenses as to which there is any dispute regarding the nature, existence or validity of such claimed Operational Expenses.
Payment of Operational Expenses. Following the Amendment Effective Date, the Parties shall discuss and agree upon reasonable procedures for paying, reimbursing and/or reconciling the Operational Expenses to be incurred and paid by each Party according to the above subparagraphs of this Paragraph 7, which procedures are intended to ensure that each Party will incur and bear its appropriate allocation (as set forth in subparagraph (f) above) of the Annual Commercial Expense Budget for the particular calendar year. Such procedures shall be subject to modification from time to time by mutual written agreement of Otsuka and BMS, as needed or appropriate to ensure accurate and efficient sharing of the Operational Expenses incurred in accordance with the terms of this Paragraph 7.
Payment of Operational Expenses
