Common use of Collections and Payments Clause in Contracts

Collections and Payments. Management Services Provider shall, on behalf of Professional Entity, ▇▇▇▇ patients and collect the professional fees for Clinical Dental Care rendered on behalf of Professional Entity as follows: 1. The Management Services Provider shall deposit into one or more bank accounts chosen by Professional Entity in Professional Entity’s name, all funds, fees and revenues generated from Clinical Dental Care. All funds in the designated bank accounts shall be the property of the Professional Entity, and the Professional Entity shall have the right to access all funds in those accounts at any time. 2. Management Services Provider is authorized to: (i) pay all costs and expenses incurred by Professional Entity, and (ii) pay itself its Management Fee after the payments of other costs and expenses. After payment of the costs and expenses and of its Management Fee, Management Services Provider shall be required to return or distribute to the Professional Entity any amount remaining thereafter at least monthly or more frequently if required by law. 3. All ▇▇▇▇▇▇▇▇ for Clinical Dental Care or other professional services rendered on behalf of Professional Entity shall be made by Management Services Provider in the name of the Professional Entity or in the name of the Owner(s) or the Dentist Employees. Management Services Provider shall render or cause its designee to render such ▇▇▇▇▇▇▇▇ in a timely and accurate manner. 4. The Management Services Provider shall deliver to Professional Entity, no later than the [insert date] of each month, a full accounting of all ▇▇▇▇▇▇▇▇ and collections for the prior calendar month and all funds collected by Management Services Provider for services of Professional Entity. 5. Professional Entity shall inform Management Services Provider of all amounts collected by Professional Entity resulting from Clinical Dental Care or other professional services performed during the term of this Agreement. 6. Professional Entity shall: (i) cooperate with Management Services Provider or its designee in billing and collection activities; (ii) provide all information necessary to ▇▇▇▇ and collect for all Professional Entity * This is an example management services agreement that the Dental Board has reviewed and deemed compliant with the Dental Laws, as defined herein. Other agreements, or variations of provisions herein, also may be compliant. However, if provisions of this example agreement are excerpted and incorporated in an agreement with provisions that are not compliant, then that agreement may not comply with the Dental Laws. services; and (iii) execute all documents, instruments and agreements reasonable or necessary to ▇▇▇▇ and collect for services provided by Professional Entity through its Owner(s) and Dentist Employees.

Collections and Payments. Management Services Provider shall, on behalf of Professional Entity, ▇▇▇▇ patients and collect the professional fees for Clinical Dental Care rendered on behalf of Professional Entity as follows: 1. The Management Services Provider shall deposit into one or more bank accounts chosen by Professional Entity in Professional Entity’s name, all funds, fees and revenues generated from Clinical Dental Care. All funds in the designated bank accounts shall be the property of the Professional Entity, and the Professional Entity shall have the right to access all funds in those accounts at any time. 2. Management Services Provider is authorized to: (i) pay all costs and expenses incurred by Professional Entity, and (ii) pay itself its Management Fee after the payments of other costs and expenses. After payment of the costs and expenses and of its Management Fee, Management Services Provider shall be required to return or distribute to the Professional Entity any amount remaining thereafter at least monthly or more frequently if required by law. 3. All ▇▇▇▇▇▇▇▇ for Clinical Dental Care or other professional services rendered on behalf of Professional Entity shall be made by Management Services Provider in the name of the Professional Entity or in the name of the Owner(s) or the Dentist Employees. Management Services Provider shall render or cause its designee to render such ▇▇▇▇▇▇▇▇ in a timely and accurate manner. * This is an example management services agreement that the Dental Board has reviewed and deemed compliant with the Dental Laws, as defined herein. Other agreements, or variations of provisions herein, also may be compliant. However, if provisions of this example agreement are excerpted and incorporated in an agreement with provisions that are not compliant, then that agreement may not comply with the Dental Laws. Revised May 2020. 4. The Management Services Provider shall deliver to Professional Entity, no later than the [insert date] of each month, a full accounting of all ▇▇▇▇▇▇▇▇ and collections for the prior calendar month and all funds collected by Management Services Provider for services of Professional Entity. 5. Professional Entity shall inform Management Services Provider of all amounts collected by Professional Entity resulting from Clinical Dental Care or other professional services performed during the term of this Agreement. 6. Professional Entity shall: (i) cooperate with Management Services Provider or its designee in billing and collection activities; (ii) provide all information necessary to ▇▇▇▇ and collect for all Professional Entity * This is an example management services agreement that the Dental Board has reviewed and deemed compliant with the Dental Laws, as defined herein. Other agreements, or variations of provisions herein, also may be compliant. However, if provisions of this example agreement are excerpted and incorporated in an agreement with provisions that are not compliant, then that agreement may not comply with the Dental Laws. services; and (iii) execute all documents, instruments and agreements reasonable or necessary to ▇▇▇▇ and collect for services provided by Professional Entity through its Owner(s) and Dentist Employees.