Collected Fees definition
Examples of Collected Fees in a sentence
InterPayments shall pay to Affiliate Partner the Affiliate Partner Fees not later than the 30th day of each month following the first full month of Collected Fees after this Agreement is executed by the parties.
InterPayments reserves the right to withhold and retain or pro-rate compensation payable to Affiliate Partner against all Collected Fees due to non- payment by customers, including, without limitation, failure to pay at the time of the last day of the prior month or remittance of a check to InterPayments with insufficient funds to cover amounts due.
The "Hospital Fee' will be, (a) for the period beginning on September 1, 2008 and ending on January 31, 2009, an amount equal to 4% of the monthly Collected Fees received by ER; and (b) for the period beginning on February 1, 2009 and continuing for the remainder of the Term, an amount equal to 7% of the monthly Collected Fees received by ER..
ER shall be entitled to retain from the Collected Fees amanagement fee equal to one hundred percent (100%) of the Net Operating Profit from the Facilities (the "Management Fee"): "Net Operating Profit" will be defined as gross revenues collected less the Hospital Fee (as defined herein).
InterPayments shall pay Affiliate Partner the percentage of the Collected Fees that is set forth in the Affiliate Order Form (if not in Affiliate Order Form, in Schedule A in the case of Joint Customers and on Schedule B in the case of Specified Joint Customers).
Hospital shall not take any actions or omit to take any actions which might result in ER's not receiving the Collected Fees as provided herein, Furthermore, Hospital shall not withdraw any Collected Fees from or close the Hospital Account without ER's prior written consent.
The City agrees to reimburse HSE its reasonable fees in administering the billing, collection, and remittance of the Collected Fees within 30 days of HSE providing written notice (including by email) to the City of HSE’s fees for administering the Collected Fees.
On a daily basis Hospital shall reconcile deposits made in the Hospital Account with the Collected Fees and remit to ER, within two (2) business days of receipt of EOB's (Explanation of Benefits) and deposits thereof, all such Collected Fees.
In the event the City modifies the Collected Fees, the City agrees to notify HSE no later than 90 days prior to the new fee’s effective date so that HSE can update its ▇▇▇▇▇▇▇▇.
HSE is solely acting as City’s billing agent for collection of the Collected Fees and shall not be responsible for any collections disputes or bad debt expenses related to the Collected Fees.