Termination of Collection Efforts Sample Clauses

Termination of Collection Efforts. If active collection efforts with respect to any account have been unsuccessful for 120 days or more, Intermedix shall have the right to terminate collection efforts with respect to such account and close the account as an unpaid debt. In addition, Intermedix may terminate or suspend collection efforts if Provider has supplied Intermedix with incomplete or inaccurate billing and/or patient information. In either event, Intermedix shall upon termination or suspension, immediately forwarded to Provider all records of Intermedix collection efforts, at no charge to Provider, and cease all collection activity. Article Four Compensation
Sample 1
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Termination of Collection Efforts. Buyer's obligations under this Paragraph 14.8(c) shall commence on the Closing Date and end on the first anniversary of the Closing Date (the "COLLECTION PERIODS"). At any time during the Collection Period, Seller may instruct Buyer to terminate its efforts to collect any Medicare Receivable, whereupon Buyer shall promptly transmit to Seller all records (including any Hospital Records) pertaining to such Medicare Receivable. With respect to any Government Receivables which have not been collected by the end of the Collection Period or with respect to which Seller has instructed Buyer to terminate its collection efforts, Seller and its Affiliates shall be free to institute such collection efforts with respect thereto (including, without limitation, instituting legal proceedings) as they in their sole discretion shall determine.
Sample 1

Related to Termination of Collection Efforts

  • Application of Collections On each Payment Date, all collections for the related Collection Period shall be applied by the Servicer as follows:

  • Application to Repayment Amounts (i) Subject to clause (ii) of this Section 5.2(c), the first proviso to Section 5.2(a)(i) and the first proviso to Section 5.2(a)(ii), (A) each prepayment of Term Loans required by Sections 5.2(a)(i) and (ii) (other than in connection with a Debt Incurrence Prepayment Event) shall be allocated to the Classes of Term Loans outstanding, pro rata, based upon the applicable remaining Repayment Amounts due in respect of each such Class of Term Loans (excluding any Class of Term Loans that has agreed to receive a less than pro rata share of any such mandatory prepayment and taking into account any reduction in the amount of any required Excess Cash Flow payment to any Class of Term Loans that have been subject to a Section 13.6(g) transaction), shall be applied pro rata to Lenders within each Class, based upon the outstanding principal amounts owing to each such Lender under each such Class of Term Loans and shall be applied to reduce such scheduled Repayment Amounts within each such Class in accordance with Section 5.2(d)(ii) and (B) each prepayment of Term Loans required by Section 5.2(a)(i) in connection with a Debt Incurrence Prepayment Event shall be allocated to any Class of Term Loans outstanding as directed by the Borrower (subject to the requirement that the proceeds of any Specified Debt Incurrence Prepayment Event shall in all cases be applied to prepay or repay the applicable Refinanced Indebtedness), shall be applied pro rata to Lenders within each such Class, based upon the outstanding principal amounts owing to each such Lender under each such Class of Term Loans and shall be applied to reduce such scheduled Repayment Amounts within each such Class in accordance with Section 5.2(d)(ii); provided that, with respect to the allocation of such prepayments under clause (A) above only, between an Existing Term Loan Class and Extended Term Loans of the same Extension Series, the Borrower may allocate such prepayments as the Borrower may specify, subject to the limitation that the Borrower shall not allocate to Extended Term Loans of any Extension Series any such mandatory prepayment under such clause (A) unless such prepayment is accompanied by at least a pro rata prepayment, based upon the applicable remaining Repayment Amounts due in respect thereof, of the Term Loans of the Existing Term Loan Class, if any, from which such Extended Term Loans were converted or exchanged (or such Term Loans of the Existing Term Loan Class have otherwise been repaid in full).

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