Governmental Lockbox Account definition

Governmental Lockbox Account means the account established at the Collecting Bank by the Practice into which all proceeds of the Practice's Governmental Receivables are remitted.

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Governmental Lockbox Account means an account established at the Collecting Bank by ROAII into which all proceeds of ROAII's Governmental Receivables are remitted.

Governmental Lockbox Account shall have the meaning set forth in Section 2.5.

Examples of Governmental Lockbox Account in a sentence

All payments with respect to the Practice's Governmental Receivables are to be made directly to the Governmental Lockbox Account.
The Practice further agrees that it shall not during the term of this Agreement terminate, modify or amend in any manner the Lockbox Agreement applicable to the Governmental Lockbox Account.
The Governmental Lockbox Account shall be an account in the name of the Practice.
In the event MidSouth exercises this option, the Practice shall instruct each Account Debtor with respect to the Practice's Governmental Receivables to remit all such payments directly to such Governmental Lockbox Account pursuant to a Notification Letter.
All payments received by the Practice with respect to the Purchased Accounts Receivable shall be deposited into the respective Governmental Lockbox Account or Non-Governmental Lockbox Account.
In addition, Provider shall attach written instructions to each invoice directing that said invoice be paid to the Governmental Lockbox Account.
It is MidSouth's intention to utilize the -------------------------- Governmental Lockbox Account and Non-Governmental Lockbox Account procedure as provided in Section 6.2.6(a) and (b) unless circumstances change which would make the Governmental Lockbox Account and Non-Governmental Lockbox Account procedures inappropriate.
In the event IPS exercises this option, Provider shall instruct each Account Debtor in respect of Providers Governmental Receivables to remit all such payments directly to such Governmental Lockbox Account pursuant to a Notification Letter.
In addition, Provider shall attach written instructions to each invoice representing such Non-Governmental Receivables generated subsequent to the date of this Agreement instructing such third party payor or Account Debtor that payment of such invoice is to be paid to the Non- Governmental Lockbox Account.
The Practice shall not, so long as any Purchased Accounts Receivable remains outstanding, change or cancel such automatic transfer order at any time, or, without the prior written consent of MidSouth, change either the identity of Governmental Lockbox Account or the instructions to each Account Debtor on the related Governmental Receivable regarding making payments to such account.

More Definitions of Governmental Lockbox Account

Governmental Lockbox Account means an account established at the Collecting Bank by Princeton II into which all proceeds of Princeton II's Governmental Receivables are remitted.

Governmental Lockbox Account means an account established at the Collecting Bank by TOC into which all proceeds of TOC's Governmental Receivables are remitted.

Governmental Lockbox Account means an account established at the Collecting Bank by VERO II into which all proceeds of VERO II's Governmental Receivables are remitted.

Governmental Lockbox Account means the Company Governmental Lockbox Account.

Governmental Lockbox Account means an account established at the Collecting Bank by OSMC II into which all proceeds of OSMC II's Governmental Receivables are remitted.