Common use of Receipt of Collections After Termination Clause in Contracts

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b) or 6.2 (d), Professional Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Business Manager to the extent of all outstanding obligations to Professional Business Manager by the Practice pursuant to this Agreement; for Management Services already rendered; (ii) Professional Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a); (iii) the Professional Business Manager shall deduct from such cash collections any other amounts owed to Professional Business Manager under this Professional Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.367.3, the Practice specifically acknowledges and agrees that if this Professional Retail Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b76.2(b) or 6.2 (d), Professional Retail Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Retail Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Retail Business Manager to the extent of all any outstanding obligations to Professional Retail Business Manager by the Practice pursuant to this Agreement; Retail Business Management Agreement for Management Services already rendered; (ii) Professional Retail Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a67.2(a);; and (iii) the Professional Retail Business Manager shall deduct from such cash collections any other amounts owed to Professional Retail Business Manager under this Professional Retail Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Retail Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Retail Business Manager in carrying out the post termination procedures and transactions contemplated herein; and. (iv) Professional Retail Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Retail Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b) or 6.2 (d), Professional Retail Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Retail Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Retail Business Manager to the extent of all any outstanding obligations to Professional Retail Business Manager by the Practice pursuant to this Agreement; Retail Business Management Agreement for Management Services already rendered; (ii) Professional Retail Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a); (iii) the Professional Retail Business Manager shall deduct from such cash collections any other amounts owed to Professional Retail Business Manager under this Professional Retail Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Retail Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Retail Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Retail Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b) or 6.2 (d), Professional Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Business Manager to the extent of all outstanding obligations to Professional Business Manager by the Practice pursuant to this Agreement; Agreement for Management Services already rendered; (ii) Professional Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a); (iii) the Professional Business Manager shall deduct from such cash collections any other amounts owed to Professional Business Manager under this Professional Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the ------------------------------------------ provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b) or 6.2 (d), Professional Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Business Manager to the extent of all outstanding obligations to Professional Business Manager by the Practice pursuant to this Agreement; for Management Services already rendered; (ii) Professional Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a); (iii) the Professional Business Manager shall deduct from such cash collections any other amounts owed to Professional Business Manager under this Professional Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Business Management Agreement terminates pursuant to Sections Section 6.1, 6.2(b) or 6.2 (d6.2(d), Professional Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Business Manager to the extent of all outstanding obligations to Professional Business Manager by the Practice pursuant to this Agreement; Agreement for Management Services already rendered; (ii) Professional Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a); (iii) the Professional Business Manager shall deduct from such cash collections any other amounts owed to Professional Business Manager under this Professional Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the ------------------------------------------ provisions of this Section SECTION 6.3, the Practice specifically acknowledges and agrees that if this Professional Business Management Agreement terminates pursuant to Sections SECTION 6.1, 6.2(b6.2(B) or 6.2 (d6.2(D), Professional Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Business Management Agreement is terminated, it being understood that: (i) such cash collections will represent compensation to Professional Business Manager to the extent of all outstanding obligations to Professional Business Manager by the Practice pursuant to this Agreement; for Management Services already rendered; (ii) Professional Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(aSECTION 6.2(A); (iii) the Professional Business Manager shall deduct from such cash collections any other amounts owed to Professional Business Manager under this Professional Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b) or 6.2 (d6.2(d), Professional Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Business Manager to the extent of all outstanding obligations to Professional Business Manager by the Practice pursuant to this Agreement; Agreement for Management Services already rendered; (ii) Professional Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a); (iii) the Professional Business Manager shall deduct from such cash collections any other amounts owed to Professional Business Manager under this Professional Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Retail Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b) or 6.2 (d), Professional Retail Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Retail Business Management Agreement is terminated, it being understood that (i) such cash collections will represent compensation to Professional Retail Business Manager to the extent of all any outstanding obligations to Professional Retail Business Manager by the Practice pursuant to this Agreement; Retail Business Management Agreement for Management Services already rendered; (ii) Professional Retail Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a);; and (iii) the Professional Retail Business Manager shall deduct from such cash collections any other amounts owed to Professional Retail Business Manager under this Professional Retail Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Retail Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Retail Business Manager in carrying out the post termination procedures and transactions contemplated herein; and. (iv) Professional Retail Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.

Receipt of Collections After Termination. In effectuating the provisions of this Section 6.3, the Practice specifically acknowledges and agrees that if this Professional Business Management Agreement terminates pursuant to Sections 6.1, 6.2(b) or 6.2 (d6.2(d), Professional Business Manager shall continue for a period not to exceed ninety (90) days to exclusively collect and receive on behalf of the Practice all cash collections from accounts receivable in existence at the time this Professional Business Management Agreement is terminated, it being understood that: (i) such cash collections will represent compensation to Professional Business Manager to the extent of all outstanding obligations to Professional Business Manager by the Practice pursuant to this Agreement; for Management Services already rendered; (ii) Professional Business Manager shall not be entitled to collect accounts receivable after the termination date if this Agreement is terminated pursuant to Section 6.2(a); (iii) the Professional Business Manager shall deduct from such cash collections any other amounts owed to Professional Business Manager under this Professional Business Management Agreement, including, without limitation, ten percent (10%) of such cash collections as its Management Fee during any period after the termination of this Professional Business Management Agreement while such collections are taking place and any reasonable costs incurred by Professional Business Manager in carrying out the post termination procedures and transactions contemplated herein; and (iv) Professional Business Manager shall remit remaining amounts from such collection activities, if any, to the Practice.