Revenue Cycle Management; Payment of Expenses; Management Fee Sample Clauses

Revenue Cycle Management; Payment of Expenses; Management Fee. Manager shall provide or arrange for the provision of such revenue cycle management services as are determined by Manager to be reasonably necessary to attempt to collect in a timely manner all charges resulting from Practice's provision of services, devices and supplies to patients in connection with the operation of the Practice, including charges from the practice of medicine. All Gross Revenues collected shall be deposited in a Practice Account. In order to facilitate the payment of fees and expenses hereunder, Practice shall direct the applicable bank, through written authorization, to transfer on a daily basis all money deposited into the Practice Account to a Manager Account, which funds shall be deemed to be transferred from Practice to Manager in order to fulfill Manager's obligations under this Agreement. From the Gross Revenues collected and transferred from the Practice Account to the Manager Account, Manager shall cause to be made all appropriate refunds to patients and Payors and other such adjustments. From the remaining Net Collections, Manager shall cause to be paid all Practice Expenses and all expenses of the Practice that do not constitute Practice Expenses (which shall be the responsibility of Manager to pay). If, after payment of the Practice Expenses and all of Manager's expenses, a balance of Net Collections remains, then and in that event, Manager shall retain such balance as its management fee for the management assistance and services provided by Manager under this Agreement; provided, however, that the parties agree that the management fee shall not be less than $150,000 each month; and provided further, the parties agree that the management fee shall not exceed the fair market value of such services, and any amount received by Manager in excess of such fair market value shall be held by Manager for the benefit of Practice. Practice and Manager agree that fair market value of the services provided by Manager hereunder will change from time to time based on current comparable management fees. PROVIDED, HOWEVER, that during the first four full months of the term of this Agreement, Manager shall be entitled to retain from the Net Collections each month such amounts necessary to reimburse itself for its actual out of pocket expenses reasonably incurred in the initial set-up and organization of Practice. Practice acknowledges that these expenses incurred by Manager are expenses that Practice would otherwise have incurred and Practice...
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Related to Revenue Cycle Management; Payment of Expenses; Management Fee

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • Asset Management Fee The fee payable to the Advisor for day-to-day professional management services in connection with the Company and its investments in Assets pursuant to Section 3.01(a) of this Agreement.

  • Base Management Fee The Base Management Fee will be calculated at an annual rate of 2.0% of the Company’s gross assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters (and, in the case of our first quarter, our gross assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the Adviser. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser will determine. The base management fee for any partial month or quarter will be appropriately prorated.

  • Asset Management Fees (i) Except as provided in Section 8.03(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Construction Management Fee The Construction Management Fee for the Project shall be either a ☒Lump Sum or ☐Not-To-Exceed Fee of Fifty-One Thousand, Four Hundred Fifty-Six Dollars and Twenty-Three Cents ($51,456.23). NOTE: Allowances will be on a Not-To-Exceed basis. All unused funds will be returned to the School District at the time of construction closeout. Fee will be paid only on cost of work for these items. Exhibit C- Project Assignment Page 2 of 4

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

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