Common use of Maximum Service Fees Payable Clause in Contracts

Maximum Service Fees Payable. (a) Contract Value and Maximum Contract Value Estimated Total Contract Value Contingency Value Maximum Supplies Value Maximum Contract Value Volume June 1, 2021 – December 31, 2021 $77,980.00 $23,394.00 $5,000.00 $106,374.00 175 Cataract Surgeries (b) The approved estimated total contract value and the contract procedure volumes indicated as achievable should in no way be taken to be a representation, warranty or guarantee by AHS that the Facility will have sufficient insured procedures or capacity to achieve the stated maximum funding payable during the term of the Agreement. (c) The maximum contract value indicated above includes a 30% contingency amount. No portion of the contingency may be billed without prior written approval from AHS and AHS is not required to pay any amount of the contingency billed by the Operator in the absence of such prior approval. (d) During the Term, the Cataract Surgical volume allocated above is to be applied against the waitlisted patients of the Ophthalmologic surgeon(s) affiliated with your facility, who do not yet have a surgical date booked upon the Effective Date of this Agreement. It is anticipated that the Operator will have completed 25% of its allocated surgical volumes by the end of the first quarter, 50% by the end of the second quarter and 75% by the end of the third quarter of each fiscal year during the Term. Using the Operator’s monthly invoices, AHS will provide the Operator with a report for each quarter of the Term summarizing the total volume of surgeries performed by the Operator during the applicable quarter. If any of these reports reveal that the Operator is failing to achieve the desired completion ratio, AHS reserves the right to reallocate the remaining surgical volume allocated to the Operator to another contracted facility having sufficient capacity for that fiscal year.

Maximum Service Fees Payable. (a) Contract Value and Maximum Contract Value Estimated Total Contract Value Contingency Value Maximum Supplies Value Maximum Contract Value Volume June 1, 2021 – December March 31, 2021 2022 $77,980.00 $23,394.00 $5,000.00 $106,374.00 175 Cataract Surgeries (b) The approved estimated total contract value and the contract procedure volumes indicated as achievable should in no way be taken to be a representation, warranty or guarantee by AHS that the Facility will have sufficient insured procedures or capacity to achieve the stated maximum funding payable during the term of the Agreement. (c) The maximum contract value indicated above includes a 30% contingency amount. No portion of the contingency may be billed without prior written approval from AHS and AHS is not required to pay any amount of the contingency billed by the Operator in the absence of such prior approval. (d) During the Term, the Cataract Surgical volume allocated above is to be applied against the waitlisted patients of the Ophthalmologic surgeon(s) affiliated with your facility, who do not yet have a surgical date booked upon the Effective Date of this Agreement. It is anticipated that the Operator will have completed 25% of its allocated surgical volumes by the end of the first quarter, 50% by the end of the second quarter and 75% by the end of the third quarter of each fiscal year during the Term. Using the Operator’s monthly invoices, AHS will provide the Operator with a report for each quarter of the Term summarizing the total volume of surgeries performed by the Operator during the applicable quarter. If any of these reports reveal that the Operator is failing to achieve the desired completion ratio, AHS reserves the right to reallocate the remaining surgical volume allocated to the Operator to another contracted facility having sufficient capacity for that fiscal year.