Billing and Collecting Clause Samples
The "Billing and Collecting" clause outlines the procedures and responsibilities related to invoicing and payment collection between parties. It typically specifies how and when invoices should be issued, the acceptable methods of payment, and the timeframes within which payments must be made. For example, it may require the service provider to send monthly invoices and the client to pay within 30 days of receipt. This clause ensures that both parties have a clear understanding of the financial processes, reducing the risk of payment disputes and facilitating smooth financial transactions.
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Billing and Collecting. For Microsoft-generated Merchandising Listings, FairMarket will be responsible for billing and collection of Merchandising Fees, using the same procedures as for Listing Fees and Transaction Fees as set forth in Section 5.1(b). For purposes of this Agreement, fees charged by Microsoft for Microsoft-generated Merchandising Listings will be considered Listing Fees for purposes of revenue calculations and billing and collections. For the purposes of this Agreement, Microsoft-generated Category Sponsorships will be treated as "Advertising Fees" and shall be treated in accordance with the terms of Section 5.2.
Billing and Collecting. Genoptix shall be responsible for, and solely entitled to, billing and collection of all charges for Genoptix services and Medical Group's Professional Services furnished at the Laboratory under this Agreement.
Billing and Collecting. MidSouth shall, on behalf of the Practice, ---------------------- ▇▇▇▇ patients and Third Party Payor Programs and collect the fees for medical services rendered by the Practice regardless of when or where such services are rendered. All ▇▇▇▇▇▇▇▇ for Technical Employees' and Physician Employees' services shall be made in the name of and under the provider number of the Practice. The Practice hereby appoints MidSouth for the term hereof to be its true and lawful attorney-in-fact, for the following purposes: (i) to ▇▇▇▇ patients in the Practice's name and on its behalf; (ii) to collect Accounts Receivable resulting from billing in the Practice's name and on its behalf; (iii) to receive payments and prepayments from Third Party Payor Programs; (iv) to take possession of and endorse in the name of the Practice (and/or in the name of an individual physician, the payment intended for purpose of payment of a ▇▇▇▇) any notes, checks, money orders, insurance payments and other instruments received in payment of Accounts Receivable; and (v) at the direction of the Management Team to initiate the institution of legal proceedings in the name of the Practice to collect any Accounts Receivable and monies owed to the Practice, to enforce the rights of the Practice as creditors under any Contract or in connection with the rendering of any service, and to contest adjustments and denials by governmental agencies (or its fiscal intermediaries) as third party payors. All adjustments made for uncollectible accounts, professional courtesies and other activities that do not generate a collectible fee shall be performed in a reasonable and consistent manner approved by the Management Team.
Billing and Collecting. General partner shall be responsible, on behalf of the Company and as its agent, for billing and collecting payments for all Center related services, services rendered by the Center to its patients (including collections from Medicare, Medicaid, insurance companies, HMOs, PPOs, and other third-party payors), with all such billing and collecting to be done in the name of the Center. General Partner shall maintain complete and accurate records of all fees, chages and ▇▇▇▇▇▇▇▇ of all services contemplated hereby. A schedule of fees for all of the Center’s charges shall be proposed by the General Partner with the approval of the Company. The General Partner shall comply with all applicable laws and regulations; and all applicable rules and regulations of insurance companies and other third-party payors in discharging its duties to ▇▇▇▇ and collect payments hereunder.
Billing and Collecting. LECSTAR shall perform all accounting functions pertaining to the payment for all Service(s) and Product Package(s)
Billing and Collecting. 11 6.3 Payment.............................................................11 6.4 Statements.........................................................11
Billing and Collecting. 3.1. All Imaging Scans performed at the Covered PET Centers which are read and interpreted by Radiologist under this Agreement will be billed by the Company (or the entity that is conducting its medical practice at any such imaging center, or which otherwise owns, operates or manages any such imaging center) exclusively in its (or their) own name and with its (or their) own provider number, to the patient (or its insurer) for both the professional and technical components for the Services relating thereto in accordance with the requirements or preferences of such patient or insurer or, if none exists, in the manner determined by the Company. All revenues, reimbursements, and other payments received by the Company (or any such entity) in payment of all of the aforementioned bills will be the sole and exclusive property of the Company (or such entity) and Radiologist will execute and deliver to the Company all forms of assignment or other required confirmations or instruments necessary to enable the Company (or such entity) to collect such payments or other revenues. In the event that any such revenues, reimbursements, or other payments for such Services are received by Radiologist (or any entity with which Radiologist is affiliated), Radiologist will promptly remit such funds to the Company (or such entity), together with back-up documentation with respect thereto.
3.2. Radiologist is a participant in various third party payment plans and programs including, without limitation, Medicare, Medicaid, health maintenance organizations and preferred provider organizations. Radiologist hereby agrees to cooperate fully with the Company and to provide assistance to the Company, and the entity that is conducting its medical practice at the Covered PET Center, or which otherwise owns, operates or manages any such imaging center, with respect to complying with all requirements for properly submitting reimbursement and payment claims in accordance with all payor requirements for professional and technical billing for the Services.
Billing and Collecting. A. The normal method of collecting will be by Pre-Payment or pre-approved Invoicing with terms to be set forth at the time of contract. In this instance IPVC will give the Agent prior credit approval before extending these terms to the customer. If it is determined by IPVC that the customer is a credit risk, the TPMA has the option of posting a Letter of Credit, with IPVC on behalf of the customer, or asking the customer to post a Letter of Credit directly with IPVC.
B. IPVC will, at the end of a thirty-day period, provide the TPMA with a compilation of accrued charges. Dependent on the cycle of payment, IPVC will forward to the TPMA a complete listing of all revenues credited to the Agent with the associated calculation of the TPMA's royalty. In no case will the royalty be held by IPVC for longer than thirty (30) days after either the two weeks or month-ending account receivable cycle.
Billing and Collecting. A. Collecting will be prepaid based on estimated usage. Licensing fees will be with terms of Net 30 days. IPVC must accept TPMD's prior credit approval before credit approval is extended to the customer. TPMD agrees that all items will be made payable to a Lock box, (Appendix C) or shall be required to post a Letter or of Credit with IPVC on behalf of the customer, or the customer shall post a Letter of Credit directly with IPVC for the full purchase price including shipping and handling of the TrueConnect Gateway prior to shipping and installation.
B. IPVC will, at the end of a thirty-day period, provide TPMD with a detailed invoice. IPVC will also forward to TPMD a complete listing of all revenues credited to TPMD with the associated calculation of TPMD's commission and/or revenues owed TPMD. Every effort will be made as it pertains to processing daily ban lock box activity for the purpose of crediting the TPMD. Funds held by IPVC at the end of the month, the Bank=s regular statement covering the deposits to and withdrawals from the TPMD=s accounts is to be mailed to the TPMD.
Billing and Collecting. Upon approval of CLL, Phoenix shall and be responsible for preparing the billing of and collecting from patients and payers (as hereinafter defined) for the professional and/or global components for all Vascular Laboratory Services provided at the Vascular Laboratories.