Provider Relief Fund definition
Examples of Provider Relief Fund in a sentence
Each Group Company (i) has used and administered all funds received from the Provider Relief Fund in accordance with the CARES Act and all applicable terms and conditions, (ii) uses its own TIN to b▇▇▇ and collect for the services it furnishes; and (iii) has not transferred or distributed any funds received from the Provider Relief Fund to any equity holder of any Group Company or any Affiliate of any such Person.
Without limiting the foregoing, the Group Companies have incurred and contemporaneously documented in reasonable detail (which such documentation will be in the possession of Seller and readily available to Buyer immediately following the Closing) COVID-19 attributable expenses and/or COVID-19 attributable losses for which the funds received from the Provider Relief Fund may be used in accordance with the CARES Act and all applicable terms and conditions.
Except as set forth in Schedule 5.6 attached hereto, Existing Operator has not received Paycheck Protection Program SBA Loans, as defined below, and CARES Act Provider Relief Fund monies, as defined below (collectively the “Pandemic Funds”), which have been released by the Federal government in response to the COVID-19 pandemic.
Further, Seller shall remain solely responsible for: (i) the submission of any documentation to HHS (or other Governmental Authority) to substantiate that Provider Relief Fund Payments were used for authorized health care-related expenses or lost revenue attributable to coronavirus; and (ii) retaining the original documentation for three (3) years, or the applicable time period, after the date of submission of the final expenditure report, in accordance with 2 CFR 200.333.
To date, One Million Nine Hundred Fifty-Seven Thousand Three Hundred Forty-Nine Dollars ($1,957,349.00) of such Provider Relief Fund Payments remains unexpended and on the Seller’s balance sheet.
In addition, funds provided pursuant to this Award may not be used for costs or expenses that have been or will be covered or reimbursed by funding provided under any other federal program or state program, including, but not limited to, the Paycheck Protection Program, the Economic Injury Disaster Loan program, the CARES Act Provider Relief Fund.
If HHS (or other applicable Governmental Authority) demands any such HHS Payback of Provider Relief Fund Payments from the Hospital the Seller agrees to promptly pay back the full liability on behalf of the Buyer.
Accordingly, the Seller agrees that the HHS Paybacks of Provider Relief Fund Payments, or any similar payment made from the Provider Relief Fund program arising out of the CARES Act shall as between the Parties hereto remain the exclusive liability of Seller.
Except as set forth on Schedule 5.27(d), Comfort Care has not applied for any additional payments from the CARES Act Provider Relief Fund other than the PRF Payments already received.
Queen City has complied with, and continues to comply with, in all material respects, all aspects of the Provider Relief Fund program under the CARES Act, including any applicable reporting and auditing requirements.