Purchase Confirmation. Upon payment, to the Hospital of the Net Proceeds, Hospital shall be deemed to have granted, transferred and assigned the related Account to IFS and title to the Account and related servicing rights and proceeds shall pass to IFS. Payment of the Net Proceeds shall be deemed conclusive evidence of the Purchase of the related Account. Upon making a Purchase and funding of the Purchase Price, IFS shall deliver to the Hospital a Purchase Confirmation in its standard form. The Purchase Confirmation shall be controlling absent manifest error. During the term of its ownership of an Account, IFS shall have the right to demand and collect all amounts due under such Account.
Appears in 3 contracts
Sources: Patient Account Purchase Agreement, Patient Account Purchase Agreement (Integrated Financial Systems Inc), Patient Account Purchase Agreement (Integrated Financial Systems Inc)