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Common use of Payments from the Account Clause in Contracts

Payments from the Account. From the funds collected and deposited by the Retail Business Manager in the Account, the Retail Business Manager shall pay in the following order of priority and in accordance with applicable requirements under law or contract: (i) any refunds owed to patients by the Practice; (ii) funds to be deposited into the Professional Practice Account pursuant to Section 3.9(d) hereof; (iii) any unpaid or past due compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof; (iv) all Dispensary Expenses; (v) the current Base Management Fee compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof; (vi) the current Supplemental Management Fee compensation owed to Retail Business Manager pursuant to Section 5.2 hereof; and (vii) all Shareholder Expenses.

Appears in 2 contracts

Samples: Retail Business Management Agreement (Eyemasters Inc), Retail Business Management Agreement (Eye Care Centers of America Inc)

Payments from the Account. From the funds collected and deposited by the Retail Business Manager in the Account, the Retail Business Manager shall pay in the following order of priority and in accordance with applicable requirements under law or contract: (i) any refunds owed to patients by the Practice; (ii) funds to be deposited into the Professional Practice Account pursuant to Section 3.9(d) hereof; (iii) all Dispensary Expenses; (iv) any unpaid or past due compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof; (iv) all Dispensary Expenseshereof ; (v) the current Base Management Fee compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof; (vi) the current Supplemental Management Fee compensation owed to Retail Business Manager pursuant to Section 5.2 hereof; and (vii) all other Shareholder ExpensesExpenses and Interest Expense.

Appears in 1 contract

Samples: Retail Business Management Agreement (Eyemasters Inc)

Payments from the Account. From the funds collected and deposited by the Retail Business Manager in the Account, the Retail Business Manager shall pay in the following order of priority and in accordance with applicable requirements under law or contract: (i) any refunds owed to patients by the Practice; (ii) funds to be deposited into the Professional Practice Account pursuant to Section 3.9(d) hereof; (iii) any unpaid or past due compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof;, (iv) all Dispensary Expenses; (v) the current Base Management Fee compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof; (vi) the current Supplemental Management Fee compensation owed to Retail Business Manager pursuant to Section 5.2 hereof; and (vii) all Shareholder Expenses.

Appears in 1 contract

Samples: Retail Business Management Agreement (Eye Care Centers of America Inc)