Common use of Seller’s Cost Reports Clause in Contracts

Seller’s Cost Reports. Seller, at its expense, shall prepare and timely file all terminating and other cost reports required or permitted by law to be filed under the Government Payment Programs or other third party payor programs and the State Health Agency for periods ending on or prior to the Closing Date, or as a result of the consummation of the transactions described herein (the “Cost Reports”). Buyer shall provide Seller with access to all records and data necessary for completion of Cost Reports. Buyer shall forward to Seller any and all correspondence relating to Cost Reports within five (5) business days after receipt by Buyer. Buyer shall remit any receipts of funds relating to Cost Reports within ten (10) business days after receipt by Buyer and shall forward to Seller any demand for payments within five (5) business days after receipt by Buyer. Seller shall retain all rights to the Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reports. Such rights shall include the right to appeal any determinations by Government Payment Programs relating to Cost Reports. Seller shall retain the originals of Cost Reports, correspondence, work papers and other documents relating to Cost Reports; provided, however, that Seller shall make certain that the Hospital Businesses retain copies of such Cost Reports, correspondence, work papers and other documents in order that they are available to Buyer following the Closing Date.

Seller’s Cost Reports. Seller, at its expense, shall Sellers will timely prepare and timely file all terminating and other cost reports required or permitted by law relating to be filed under the Government Payment Programs or other third party payor programs and the State Health Agency Sellers for periods ending on or prior to the Closing Date, Date or required as a result of the consummation of the transactions described herein Transaction set forth herein, including terminating cost reports for the Medicare, AHCCCS and CHAMPUS programs (the “"Sellers Cost Reports”). Buyer shall provide Seller with access to all records ") and data necessary for completion of Cost Reports. Buyer shall forward to Seller Purchasers copies of the Sellers Cost Reports, including attachments and schedules. Purchasers shall forward to BHHS any and all correspondence relating to Sellers Cost Reports within five (5) business days after receipt by BuyerPurchasers. Buyer Except as otherwise provided herein, Purchasers shall remit any receipts of funds relating to Sellers Cost Reports promptly after receipt by Purchasers and shall forward to BHHS any demand for payments within ten three (103) business days after receipt by Buyer and shall forward to Seller any demand for payments within five (5) business days after receipt by BuyerPurchasers. Seller Sellers shall retain all rights to the government agency settlements and to Sellers Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reports. Such rights shall include the right to appeal any Medicare determinations by Government Payment Programs relating to government agency settlements and Sellers Cost Reports. Seller Sellers shall retain the originals of Sellers Cost Reports, correspondence, work papers and other documents relating to Sellers Cost Reports; provided, however, that Seller shall make certain that Reports and the Hospital Businesses retain copies of such Cost Reports, correspondence, work papers and other documents in order that they are available to Buyer following the Closing Dategovernment agency settlements.

Seller’s Cost Reports. Seller, at its expense, shall Seller will prepare and timely file all terminating and other cost required reports required or permitted by law relating to be filed under the Government Payment Programs or other third party payor programs and the State Health Agency Seller for periods ending on or prior to the Closing Date, Date or required as a result of the consummation of the transactions described herein set forth herein, including terminating cost reports for the Medicare program (the “Seller Cost Reports”) and financial reports to the DPW or DHMH (the “State Reports”). Seller shall indemnify and hold Buyer shall provide harmless from and against any liability from Seller’s failure to timely file the Seller with access to all records and data necessary for completion of Cost Reports and/or the State Reports. Buyer shall use its reasonable efforts to forward to Seller any and all correspondence relating to Cost Reports the Seller’s business activities within five fifteen (515) business days after receipt by Buyer. Buyer shall will remit any receipts of funds relating to Cost Reports within ten (10) Seller business days activities after receipt by Buyer and shall will use its reasonable efforts to forward to Seller any demand for payments within five (5) business days after receipt by Buyer. Seller shall retain all rights and liabilities relating to the Seller Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reportsand the State Reports. Such rights shall include the right to appeal any Medicare or Medicaid determinations by Government Payment Programs relating to the Seller Cost ReportsReports or other matters. Seller shall retain the originals of Seller Cost Reports, State Reports, correspondence, work papers and other documents relating to Seller Cost Reports and State Reports; provided, however, that Seller shall make certain that the Hospital Businesses retain copies of such Cost Reports, correspondence, work papers and other documents in order that they are available to Buyer following the Closing Date.

Seller’s Cost Reports. Seller, at its expense, shall prepare and timely file all terminating and other cost reports required or permitted by law to be filed under the Government Payment Programs or other third party payor programs and the State Health Agency for periods ending on or prior to the Closing Date, or as a result of the consummation of the transactions described herein (the “Cost Reports”). Buyer shall provide Seller with access to all records and data necessary for completion of Cost Reports. Buyer shall forward to Seller any and all correspondence relating to Cost Reports within five (5) business days after receipt by BuyerXxxxx. Buyer shall remit any receipts of funds relating to Cost Reports within ten (10) business days after receipt by Buyer Xxxxx and shall forward to Seller any demand for payments within five (5) business days after receipt by BuyerXxxxx. Seller shall retain all rights to the Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reports. Such rights shall include the right to appeal any determinations by Government Payment Programs relating to Cost Reports. Seller shall retain the originals of Cost Reports, correspondence, work papers and other documents relating to Cost Reports; provided, however, that Seller shall make certain that the Hospital Businesses retain copies of such Cost Reports, correspondence, work papers and other documents in order that they are available to Buyer following the Closing Date.