Common use of Payments of Amounts Owed Clause in Contracts

Payments of Amounts Owed. 1. If CMS owes the ACO Shared Savings or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, CMS shall pay the ACO in full within 30 Days after the date on which the relevant settlement report is deemed final, except that CMS shall not make any payment of Shared Savings if the Agreement or Agreement Performance Period is terminated by CMS pursuant to Section 17.02, and CMS may reduce amounts owed to the ACO under the Agreement by amounts owed by the ACO under the Agreement or any other CMS program or initiative. 2. If the ACO owes CMS Shared Losses or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, the ACO shall pay CMS in full within 30 Days after the relevant settlement report is deemed final, unless the settlement report is deemed final on or after January 1, 2023, in which case the ACO shall pay CMS in full within 30 Days after the date of a demand letter. 3. If CMS does not timely receive payment in full, the remaining amount owed will be considered a delinquent debt subject to the provisions of Section 12.06.

Payments of Amounts Owed. 1. If CMS owes the ACO Shared Savings or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, CMS shall pay the ACO in full within 30 Days after the date on which the relevant settlement report is deemed final, except that CMS shall not make any payment of Shared Savings if the Agreement or Agreement Performance Period is terminated by CMS pursuant to Section 17.02, and CMS may reduce amounts owed to the ACO under the Agreement by amounts owed by the ACO under the Agreement or any other CMS program or initiative. 2. If the ACO owes CMS Shared Losses or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, the ACO shall pay CMS in full within 30 Days after the relevant settlement report is deemed final, unless the settlement report is deemed final on or after January 1, 2023, in which case the ACO shall pay CMS in full within 30 Days after the date of a demand letter. 3. If CMS does not timely receive payment in full, the remaining amount owed will be considered a delinquent debt subject to the provisions of Section 12.06.

Payments of Amounts Owed. 1. If CMS owes the ACO Shared Savings or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, CMS shall pay the ACO in full within 30 Days after the date on which the relevant settlement report is deemed final, except that CMS shall not make any payment of Shared Savings if the Agreement or Agreement Performance Period is terminated by CMS pursuant to Section 17.02, and CMS may reduce amounts owed to the ACO under the Agreement by amounts owed by the ACO under the Agreement or any other CMS program or initiative. 2. If the ACO owes CMS Shared Losses or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, the ACO shall pay CMS in full within 30 Days after the relevant date of a demand letter. 3. If the ACO owes CMS Shared Losses or Other Monies Owed as a result of a final settlement report, or revised settlement report is deemed finalupon reopening, unless the settlement report is deemed final on or after January 1, 2023, in which case the ACO shall pay CMS in full within 30 Days after the date of a demand letterrelevant settlement report is deemed final. 34. If CMS does not timely receive payment in full, the remaining amount owed will be considered a delinquent debt subject to the provisions of Section 12.06.