Common use of Servicing Standards and Activities Clause in Contracts

Servicing Standards and Activities. The Provider agrees to administer and service the Batch Receivables sold or contributed by the Provider in each Transferred Batch (i) to the extent consistent with the standards set forth in clauses (b) (i) through (iv) below, with the same care that it exercises in administering and servicing similar receivables for its own account, (ii) within the parameters of services set forth in paragraph (b) of this Exhibit VIII, as such parameters may be modified by mutual written agreement of the Purchaser and the Provider, (iii) in compliance at all times with applicable law and with the agreements, covenants, objectives, policies and procedures set forth in the Agreement, and (iv) in accordance with industry standards for servicing healthcare receivables unless such standards conflict with the procedures set forth in paragraph (b) of this Exhibit VIII in which case the provisions of paragraph (b) shall control. The Provider shall establish and maintain electronic data processing services for monitoring, administering and collecting the Batch Receivables in accordance with the foregoing standards and shall, within three (3) Business Days of the receipt of information, EOB's or other written matter into a Lockbox, post such information to its electronic data processing services.

Appears in 2 contracts

Samples: Healthcare Receivables Purchase and Transfer Agreement (Physicians Clinical Laboratory Inc), Healthcare Receivables Purchase and Transfer Agreement (Nu Tech Bio Med Inc)

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Servicing Standards and Activities. The Each Provider agrees to administer and service the Batch Receivables sold or contributed by the such Provider in each Transferred Batch (i) to the extent consistent with the standards set forth in clauses (b) (i) through (iv) below, with the same care that it exercises in administering and servicing similar receivables for its own account, (ii) within the parameters of services set forth in paragraph (b) of this Exhibit VIII, as such parameters may be modified by mutual written agreement of the Purchaser and the ProviderProviders, (iii) in compliance at all times with applicable law and with the agreements, covenants, objectives, policies and procedures set forth in the Agreement, and (iv) in accordance with industry standards for servicing healthcare receivables unless such standards conflict with the procedures set forth in paragraph (b) of this Exhibit VIII in which case the provisions of paragraph (b) shall control. The Provider Providers shall establish and maintain electronic data processing services for monitoring, administering and collecting the Batch Receivables in accordance with the foregoing standards and shall, within three (3) Business Days of the receipt deposit of informationany checks, other forms of cash deposits, EOB's or other written matter into a Lockbox, post such information to its electronic data processing services.

Appears in 1 contract

Samples: Healthcare Receivables Purchase and Transfer Agreement (Community Care of America Inc)

Servicing Standards and Activities. The Provider agrees Each provider and the Primary Servicer agree to administer and service the Batch Receivables sold or contributed by the Provider Providers in each Transferred Batch (i) to the extent consistent with the standards set forth in clauses (b) (ib)(i) through (iv) below, with the same care that it exercises in administering and servicing similar receivables for its own account, (ii) within the parameters of services set forth in paragraph (b) of this Exhibit VIII, as such parameters may be modified by mutual written agreement of the Purchaser and the ProviderPrimary Servicer, (iii) in compliance at all times with applicable law and with the agreements, covenants, objectives, policies and procedures set forth in the Agreement, and (iv) in accordance with industry standards for servicing healthcare receivables unless such standards conflict with the procedures set forth in paragraph (b) of this Exhibit VIII in which case the provisions of paragraph (b) shall control. The Provider Primary Servicer shall establish and maintain electronic data processing services for monitoring, administering and collecting the Batch Receivables in accordance with the foregoing standards and shall, within three (3) Business Days of the receipt deposit of informationany checks, EOB's other forms of cash deposits, or other written matter into a Lockbox, post such information to its electronic data processing services.

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement (Mim Corp)

Servicing Standards and Activities. The Provider Primary Servicer agrees to administer and service the Batch Receivables sold or contributed by the Provider Providers in each Transferred Batch (i) to the extent consistent with the standards set forth in clauses (b) (ib)(i) through (iv) below, with the same care that it exercises in administering and servicing similar receivables for its own account, (ii) within the parameters of services set forth in paragraph (b) of this Exhibit VIII, as such parameters may be modified by mutual written agreement of the Purchaser and the ProviderPrimary Servicer, (iii) in compliance at all times with applicable law and with the agreements, covenants, objectives, policies and procedures set forth in the Agreement, and (iv) in accordance with industry standards for servicing healthcare receivables unless such standards conflict with the procedures set forth in paragraph (b) of this Exhibit VIII in which case the provisions of paragraph (b) shall control. The Provider Primary Servicer shall establish and maintain electronic data processing services for monitoring, administering and collecting the Batch Receivables in accordance with the foregoing standards and shall, within three (3) Business Days of the receipt deposit of informationany checks, EOB's other forms of cash deposits or other written matter into a LockboxLockbox or Lockbox Account, post such information to its electronic data processing services.. (105) Parameters of Primary Servicing. The Primary Servicer Responsibilities shall be performed within the following parameters:

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement (Staff Builders Inc /De/)

Servicing Standards and Activities. The Provider Primary Servicer agrees to administer and service the Batch Receivables sold or contributed by the Provider Providers in each Transferred Batch (i) to the extent consistent with the standards set forth in clauses (b) (ib)(i) through (iv) below, with the same care that it exercises in administering and servicing similar receivables for its own account, (ii) within the parameters of services set forth in paragraph (b) of this Exhibit VIII, as such parameters may be modified by mutual written agreement of the Purchaser and the ProviderPrimary Servicer, (iii) in compliance at all times with applicable law and with the agreements, covenants, objectives, policies and procedures set forth in the Agreement, and (iv) in accordance with industry standards for servicing healthcare receivables unless such standards conflict with the procedures set forth in paragraph (b) of this Exhibit VIII in which case the provisions of paragraph (b) shall control. The Provider Primary Servicer shall establish and maintain electronic data processing services for monitoring, administering and collecting the Batch Receivables in accordance with the foregoing standards and shall, within three (3) Business Days of the receipt deposit of informationany checks, other forms of cash deposits, EOB's or other written matter into a Government Lockbox, post such information to its electronic data processing services.

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement (Five Star Quality Care Inc)

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Servicing Standards and Activities. The Provider Primary Servicer agrees to administer and service the Batch Receivables sold or contributed by the Provider Providers in each Transferred Batch (i) to the extent consistent with the standards set forth in clauses (b) (ib)(i) through (iv) below, with the same care that it exercises in administering and servicing similar receivables for its own account, (ii) within the parameters of services set forth in paragraph (b) of this Exhibit VIII, as such parameters may be modified by mutual written agreement of the Purchaser and the ProviderPrimary Servicer, (iii) in compliance at all times with applicable law and with the agreements, covenants, objectives, policies and procedures set forth in the Agreement, and (iv) in accordance with industry standards for servicing healthcare receivables unless such standards conflict with the procedures set forth in paragraph (b) of this Exhibit VIII in which case the provisions of paragraph (b) shall control. The Provider Primary Servicer shall establish and maintain electronic data processing services for monitoring, administering and collecting the Batch Receivables in accordance with the foregoing standards and shall, within three (3) six Business Days of the receipt deposit of informationany checks, EOB's other forms of cash deposits or other written matter into a Lockbox, post such information to its electronic data processing services.

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement (National Medical Health Card Systems Inc)

Servicing Standards and Activities. The Provider Primary Servicer agrees to administer and service the Batch Receivables sold or contributed by the Provider in each Transferred Batch (i) to the extent consistent with the standards set forth in clauses (b) (ib)(i) through (iv) below, with the same care that it exercises in administering and servicing similar receivables for its own account, (ii) within the parameters of services set forth in paragraph (b) of this Exhibit VIIIXII, as such parameters may be modified by mutual written agreement of the Purchaser Agent and the ProviderPrimary Servicer, (iii) in compliance at all times with applicable law and with the agreements, covenants, objectives, policies and procedures set forth in the Agreement, and (iv) in accordance with industry standards for servicing healthcare receivables unless such standards conflict with the procedures set forth in paragraph (b) of this Exhibit VIII XII in which case the provisions of paragraph (b) shall control. The Provider Primary Servicer shall establish and maintain electronic data processing services for monitoring, administering and collecting the Batch Receivables in accordance with the foregoing standards and shall, within three (3) Business Days of the receipt deposit of informationany checks, EOB's other forms of cash deposits or other written matter into a LockboxLockbox or Lockbox Account, post such information to its electronic data processing services.

Appears in 1 contract

Samples: Loan and Security Agreement (Atc Healthcare Inc /De/)

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