Collections Not Part of a Transferred Batch. On each Settlement Date, and provided that (i) the Provider shall have paid all amounts then due and owing to the Purchaser under this Agreement, (ii) the Provider shall have deposited all amounts required in accordance with Section 5.11, and (iii) no Event of Termination shall have occurred and be continuing, the Purchaser shall pay or turn over, as the case may be, to the Provider any and all cash collections or other cash or non-cash proceeds received by the Purchaser during the immediately preceding Settlement Period with respect to Accounts that are not part of any Transferred Batch.
Appears in 2 contracts
Sources: Healthcare Receivables Purchase and Transfer Agreement (Nu Tech Bio Med Inc), Healthcare Receivables Purchase and Transfer Agreement (Physicians Clinical Laboratory Inc)