Governmental Entities Payment Mechanics Sample Clauses

Governmental Entities Payment Mechanics. (a) On or prior to the Initial Transfer Date, each of the Primary Servicer, the Provider, the Purchaser, and DH-2 shall have entered into the Depositary Agreement, and the Provider shall have caused the Lockbox Bank to establish the Provider Lockbox and the Provider Lockbox Account. The Provider shall prepare, execute and deliver to each Governmental Entity or its fiscal intermediary who is proposed to be an Obligor of Receivables, with copies to the Purchaser, on or prior to the Initial Transfer Date, a Notice to Governmental Entities addressed to each such Governmental Entity, which Notice to Governmental Entities shall provide that all checks, including any attached EOB's, from Governmental Entities on account of Receivables shall be sent to the Provider Lockbox and all wire transfers on account of Receivables shall be wired directly into the Provider Lockbox Account. (b) The Provider covenants and agrees that, on and after the Initial Transfer Date, all invoices to be sent to Governmental Entities (and, if provided by the Provider, return envelopes) shall set forth only the address of the Provider Lockbox as a return address for payment of Receivables and delivery of any EOB's attached to checks from Governmental Entities, and only the Provider Lockbox Account with respect to wire transfers for payment of Receivables. The Provider further covenants and agrees to instruct and notify each of the members of its accounting and collections staff to provide identical information in communications with Governmental Entities with respect to Collections, wire transfers and EOB's. (c) The Provider shall maintain its Provider Lockbox Account solely and exclusively for the receipt of payments on account of Receivables from Governmental Entities. The Provider shall take all actions necessary to ensure that no payments from any Person other than a Governmental Entity shall be deposited in the Provider Lockbox Account.
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Governmental Entities Payment Mechanics. (a) On or prior to the Initial Purchase Date, the Provider and the Purchaser shall have entered into the Depositary Agreement, and the Provider shall have caused the Lockbox Bank to establish the Provider Lockbox and the Provider Lockbox Account. The Provider shall prepare, execute and deliver to the Purchaser on or prior to the Initial Purchase Date, Notices to Governmental Entities addressed to each Governmental Entity or its fiscal intermediary who is an Obligor of Receivables, which Notice to Governmental Entities shall provide that all checks and EOB's from Governmental Entities on account of Receivables shall be sent to the Provider Lockbox and all wire transfers on account of Receivables shall be wired directly into the Provider Lockbox Account.
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Governmental Entities Payment Mechanics. (a) On or prior to the Initial Transfer Date, each of the Primary Servicer, the Providers, the Purchaser, and DH-2 shall have entered into the Depositary Agreement, and the Providers shall have caused the Lockbox Bank to establish the Provider Government Lockbox and the Provider Government Lockbox Account. Each Provider shall prepare, execute and deliver to the Purchaser on or prior to the Initial Transfer Date, Notices to Governmental Entities addressed to each Governmental Entity or its fiscal intermediary who is proposed to be a payor of Receivables, which Notices to Governmental Entities shall provide that all checks and EOB's from Governmental Entities on account of Receivables shall be sent to the Provider Government Lockbox and all wire transfers on account of Receivables shall be wired directly into the Provider Government Lockbox Account. (b) Each Provider covenants and agrees that, on and after the Initial Transfer Date, all invoices to be sent to Governmental Entities (and, if provided by such Provider, return envelopes) shall set forth only the address of the Provider Government Lockbox as a return address for payment of Receivables and delivery of EOB's, and only the Provider Government Lockbox Account with respect to wire transfers for payment of Receivables. Each Provider further covenants and agrees to instruct and notify each of the members of its accounting and collections staff to provide identical information in communications with Governmental Entities with respect to Collections, wire transfers and EOB's.
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Related to Governmental Entities Payment Mechanics

  • Governmental Entity “Governmental Entity” shall mean any federal, state, local or foreign court, arbitral tribunal, administrative agency or commission or other governmental or regulatory authority or administrative agency.

  • Required Consents; Authority All consents, approvals, authorizations and orders necessary for the execution and delivery by such Selling Stockholder of this Agreement and the Power of Attorney (the “Power of Attorney”) and the Custody Agreement (the “Custody Agreement”) hereinafter referred to, and for the sale and delivery of the Shares to be sold by such Selling Stockholder hereunder, have been obtained; and such Selling Stockholder has full right, power and authority to enter into this Agreement, the Power of Attorney and the Custody Agreement and to sell, assign, transfer and deliver the Shares to be sold by such Selling Stockholder hereunder; this Agreement, the Power of Attorney and the Custody Agreement have each been duly authorized, executed and delivered by such Selling Stockholder.

  • Governmental and Third Party Approvals The Credit Parties shall have received all material governmental, shareholder and third party consents and approvals necessary (or any other material consents as determined in the reasonable discretion of the Administrative Agent) in connection with the transactions contemplated by this Agreement and the other Loan Documents and the other transactions contemplated hereby and all applicable waiting periods shall have expired without any action being taken by any Person that could reasonably be expected to restrain, prevent or impose any material adverse conditions on any of the Credit Parties or such other transactions or that could seek or threaten any of the foregoing, and no law or regulation shall be applicable which in the reasonable judgment of the Administrative Agent could reasonably be expected to have such effect.

  • Consents and Approvals of Governmental Authorities No consent, approval, or authorization of, or declaration, filing, or registration with, any governmental or regulatory authority is required to be made or obtained by the Seller in connection with the execution, delivery, and performance of this Agreement or any of the other Acquisition Documents by the Seller.

  • Governmental Body “Governmental Body” shall mean any: (a) nation, state, commonwealth, province, territory, county, municipality, district or other jurisdiction of any nature; (b) federal, state, local, municipal, foreign or other government; or (c) governmental or quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or Entity and any court or other tribunal).