Common use of Accounting for Accounts Receivable Clause in Contracts

Accounting for Accounts Receivable. (a) Attached hereto as Exhibit 11.5 is a schedule of Kindred’s A/Rs listing by Resident the amount due as of , 201 . As soon as reasonably possible but not later than fifteen (15) Business Days after the Closing Date, Kindred shall provide New Operator with a schedule of Kindred’s A/Rs listing by Resident the amounts due as of the Effective Time. (b) For a period of six (6) months following the Effective Time or until Kindred receives payment of all accounts receivable attributable to the operation of the Facility on or before the Effective Time, whichever is sooner, New Operator shall provide Kindred (no less frequently than monthly) with (i) an accounting setting forth all amounts received by New Operator during the preceding month with respect to New Operator’s A/Rs and Kindred’s A/Rs using the same format of schedule as that provided by Kindred pursuant to Section 11.5(a), and (ii) copies of all remittance advices relating to such amounts received and any other reasonable supporting documentation as may be required for Kindred to determine the New Operator’s A/Rs and the Kindred’s A/Rs that have been paid. New Operator shall deliver such accounting to Kindred at the following physical and email addresses: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: Raye ▇▇▇ ▇▇▇▇ (▇▇▇▇.▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇) and ▇▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇). (c) For a period of six (6) months following the Effective Time or until Kindred receives payment of all accounts receivable attributed to the operation of the Facility prior to the Closing Date, whichever is sooner, Kindred shall provide New Operator (no less frequently than monthly) with (i) an accounting setting forth all amounts received by Kindred with respect to New Operator’s A/Rs and Kindred’s A/Rs using the same type of schedule as that provided by Kindred pursuant to Section 11.5(a), and (ii) copies of all remittance advices relating to such amounts received and any other reasonable supporting documentation as may be required for New Operator to determine the New Operator’s A/Rs and Kindred’s A/Rs that have been paid. Kindred shall deliver such accounting to New Operator at the following address: , Attention: . (d) On two (2) occasions during the period of one (1) year following the Effective Time, New Operator and Kindred shall, upon reasonable notice and during normal business hours, have the right to inspect all cash receipts of the other party in order to confirm the other party’s compliance with the obligations imposed on it under this Article XI. Notwithstanding the foregoing, if such information can be transmitted through electronic mail, then New Operator and Kindred may satisfy their obligations under this Section 11.5 in that manner. (e) To enable Kindred to close its books with respect to the period ending on the Closing Date, New Operator will permit appropriate personnel of Kindred reasonable access to the Facility, in a manner that does not materially interfere with the operation of the Facility, for a period of no more than five (5) Business Days after the Closing Date. During that period, New Operator will permit certain individuals employed by Kindred immediately before the Closing Date to provide reasonably necessary assistance to Kindred in its closing of the books. Those individuals are the persons previously employed by Kindred in following positions: Executive Director; Business Office Manager; Accounts Receivable Assistant; Accounts Payable Coordinator; Payroll Benefits Coordinator and MDS Coordinator. (f) Any amounts to be paid by one party to the other under this Article XI shall be made by electronic transfer using the following wire instructions: (i) If to Kindred (ii) If to New Operator

Accounting for Accounts Receivable. (ai) Attached hereto as Exhibit 11.5 is At least five (5) days prior to Closing, Transferor shall deliver to Transferee a schedule of KindredTransferor’s A/Rs R, listing by Resident the amount due to Transferor (which Schedule shall be attached hereto as of , 201 Schedule 6.10(f)(i). As soon as reasonably possible possible, but not later than fifteen (15) Business Days after the Closing Date, Kindred Transferor shall provide New Operator Transferee with a schedule of KindredTransferor’s A/Rs R, listing by Resident the amounts due to Transferor as of the Effective Time. (bii) For a period of six twelve (612) months following the Effective Time or until Kindred Transferee receives payment of all accounts receivable attributable to the operation of the Facility on or before the Effective TimeTransferee’s A/R, whichever is sooner, New Operator Transferor shall provide Kindred Transferee (no less frequently than monthly) with (iA) an accounting setting forth all amounts received by New Operator during the preceding month Transferor with respect to New Operator’s A/Rs and Kindred’s A/Rs the Accounts Receivable using the same format type of schedule as that provided by Kindred Transferor pursuant to Section 11.5(a6.10(f)(i), and (iiB) copies of all remittance advices relating to such amounts received and any other reasonable supporting documentation as may be requested by Transferee to determine Transferee’s A/Rs and Transferor’s A/Rs that have been paid. Transferor shall deliver such accounting to Transferee at the following address: _________________________________________. (iii) For a period of twelve (12) months following the Effective Time or until Transferor receives payment of all Transferor’s A/Rs, whichever is sooner, Transferee shall provide Transferor (no less frequently than monthly) with (A) an accounting setting forth all amounts received by Transferee with respect to Accounts Receivable using the same type of schedule as that provided by Transferor pursuant to Section 6.10(f)(ii), and (B) copies of all remittance advices relating to such amounts received and any other reasonable supporting documentation as may be required for Kindred Transferor to determine the New OperatorTransferee’s A/Rs and the KindredTransferor’s A/Rs that have been paid. New Operator Transferee shall deliver such accounting to Kindred Transferor at the following physical and email addressesaddress: ▇▇▇ ▇▇c/o American Health Partners, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: Raye ▇▇▇ ▇▇▇▇ (▇▇▇▇.▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇) and ▇▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇). (c) For a period of six (6) months following the Effective Time or until Kindred receives payment of all accounts receivable attributed to the operation of the Facility prior to the Closing Date, whichever is sooner, Kindred shall provide New Operator (no less frequently than monthly) with (i) an accounting setting forth all amounts received by Kindred with respect to New Operator’s A/Rs and Kindred’s A/Rs using the same type of schedule as that provided by Kindred pursuant to Section 11.5(a), and (ii) copies of all remittance advices relating to such amounts received and any other reasonable supporting documentation as may be required for New Operator to determine the New Operator’s A/Rs and Kindred’s A/Rs that have been paid. Kindred shall deliver such accounting to New Operator at the following address: , Attention: . (div) On two (2) occasions during the period of one (1) year period following the Effective Time, New Operator Transferor and Kindred Transferee shall, upon reasonable notice and during normal business hours, have the right to inspect all cash receipts of the other party Party in order to confirm the other partyParty’s compliance with the obligations imposed on it under this Article XISections 6.10 and 6.11. Notwithstanding the foregoing, if such information can be transmitted through electronic mail, then New Operator Transferor and Kindred Transferee may satisfy their obligations under this Section 11.5 6.10 in that manner. (ev) To enable Kindred Transferor to close its books with respect to the period ending on the Closing Date, New Operator Transferee will permit appropriate personnel of Kindred Transferor reasonable access to the Facility, in a manner that does not materially interfere with the operation of the Facility, for a period of no more than five thirty (530) Business Days days after the Closing Date. During that period, New Operator Transferee will permit certain individuals employed by Kindred Transferor or its Affiliate immediately before the Closing Date to provide reasonably necessary assistance to Kindred Transferor in its closing of the books. Those individuals are the persons previously employed by Kindred Seller or Transferor in following positions: Executive Director; Business Office Manager; Accounts Receivable Assistant; Accounts Payable Coordinator; and Payroll Benefits Coordinator and MDS Coordinator. (fvi) Any amounts to be paid by one party Transferor to the other Transferee under this Article XI VI shall be made by electronic transfer using the following wire instructions: (i) If to Kindred (ii) If to New Operatorinstructions set forth on Exhibit 6.10(f).