Governmental Account Debtor definition

Governmental Account Debtor means any Account Debtor that is a Governmental Authority, including, without limitation, Medicare and Medicaid.

Governmental Account Debtor means an account debtor making payments under Medicare, Medicaid and TRICARE and any other health care program operated by or financed in whole or in part by any foreign or domestic federal, state or local government.

Governmental Account Debtor means the United States government or a political subdivision thereof, or any state, county or municipality or department, agency or instrumentality thereof, that is responsible for payment of an Account, or any agent, administrator, intermediary or carrier for the foregoing.

Examples of Governmental Account Debtor in a sentence

• Each Borrower shall, within sixty (60) days after the Closing Date, execute with each applicable depository institution a Deposit Account Restriction Agreement and such other agreements related to each bank account of Borrowers for which collections of Accounts from a Governmental Account Debtor are held as Administrative Agent may require.

• In addition to the other rights and remedies set forth in this SECTION 8, each of Parent and its Subsidiaries hereby acknowledges and agrees that, upon the occurrence and continuance of an Event of Default, the Lender Group shall have the right to seek and obtain an immediate court order directing any Governmental Account Debtor to make all future payments on their Accounts directly to a Cash Management Account owned by Agent.

• No payment from any Governmental Account Debtor shall be delivered to any Lockbox.

• Borrowers and their Subsidiaries hereby agree that upon receipt of any payment from a Governmental Account Debtor, such Borrower or Subsidiary shall, on a daily basis (or such other periodic basis as Agent may otherwise agree to in writing) immediately transfer all such Collections to a Cash Management Account owned by Agent.

More Definitions of Governmental Account Debtor

Governmental Account Debtor means an account debtor making payments under Medicare, Medicaid, TRICARE and any other health care program operated by or financed in whole or in part by any federal, state or local government (but specifically excluding Medicare Advantage plans).

Governmental Account Debtor means an account debtor of Borrower or its Subsidiaries making payments directly to Borrower or its Subsidiaries under Medicare, Medicaid, TRICARE and any other health care program operated by or financed in whole or in part by any federal, state or local government (but specifically excluding Medicare Advantage plans).

Governmental Account Debtor shall have the meaning given in the definition of Ineligible Accounts.

Governmental Account Debtor means an Account Debtor that is a Government Reimbursement Program.

Governmental Account Debtor means any Account Debtor which is (a) the United States of America acting under the Medicare program established pursuant to the Social Security Act or any other program established by federal law requiring that payments for healthcare goods or services be made to the providers or suppliers of such services (including, without limitation, CHAMPUS as set forth in Title 10 U.S.C. Section 1071 et seq.), (b) any state or the District of Columbia responsible for administering such state’s (or district’s) Medicaid program adopted pursuant to Title XIX of the Social Security Act or (c) any agent, carrier, administrator or intermediary for any of the foregoing.

Governmental Account Debtor shall have the meaning given in the ----------------------------- definition of Ineligible Accounts.

Governmental Account Debtor means any Account Debtor that is Medicaid or VA.