Common use of Per Procedure Payments Clause in Contracts

Per Procedure Payments. Medical Center shall pay to GKF a per procedure payment of * for the use of the Equipment. A procedure shall be defined as a single patient treatment session that may include one or more isocenters during that session. Medical Center shall be billed monthly for the actual number of procedures performed during the first and second half of the month, respectively. Medical Center shall pay the procedures invoiced within thirty (30) days after being invoiced. Interest shall begin to accrue at the rate of 1-1/2% per month on all invoices remaining unpaid after 45 days.

Appears in 1 contract

Samples: Lease Agreement (American Shared Hospital Services)

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Per Procedure Payments. Medical Center shall pay to GKF a per procedure payment of * as specified in Exhibit 2 for the use of the Equipment. A procedure "procedure" shall be defined as a single patient treatment session that may include one or more isocenters during that session. Medical Center shall be billed monthly on the fifteenth (15th) and the last day of each month for the actual number of procedures performed during the first and second half of the month, respectively. Medical Center shall pay for the procedures invoiced within thirty (30) days after being invoiced. Interest shall begin to accrue at the rate of 1-1/2% per month on all invoices remaining unpaid after 45 days.

Appears in 1 contract

Samples: Lease Agreement (American Shared Hospital Services)

Per Procedure Payments. Medical Center shall pay to GKF a per procedure payment of * $8,500 for the use of the Equipment. A procedure shall be defined as a single patient treatment session that may include one or more isocenters during that session. Medical Center shall be billed monthly for the actual number of procedures performed during the first and second half of the month, respectively. Medical Center shall pay the procedures invoiced within thirty (30) days after being invoiced. Interest shall begin to accrue at the rate of 1-1/2% per month on all invoices remaining unpaid after 45 days.

Appears in 1 contract

Samples: Lease Agreement (American Shared Hospital Services)

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Per Procedure Payments. Medical Center shall pay to GKF a per procedure payment of * for the use of the Equipment. A procedure shall be defined as a single patient treatment session that may include one or more isocenters during that session. Medical Center shall be billed monthly on the fifteenth (15th) and the last day of each month for the actual number of procedures performed during the first and second half of the month, respectively. Medical Center shall pay the procedures invoiced within thirty (30) days after being invoiced. Interest shall begin to accrue at the rate of 1-1/2% per month on all invoices remaining unpaid after 45 days.

Appears in 1 contract

Samples: Lease Agreement (American Shared Hospital Services)

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