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95-149 Ordinance
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95-149 Ordinance
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1/10/2014 3:25:20 PM
Creation date
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North Olmsted Legislation
Legislation Number
95-149
Legislation Date
10/17/1995
Year
1995
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(B) Customer charges - Customer shall supply Valley with fifteen (15) days written notice of <br />any and ali amendments of its cha?ge schedule(s). Customer warrants that its charges <br />are not, to the best of its knowledge, in violation of any law, regulation or rule and <br />Customer agrees to indemnify and hold Valley harmless with resped to any damages <br />relating to improper charges. <br />(C) Customer agrees to accept insurance assignments and recognize professional courtesy <br />billing. All policies and procedures for adjustments to accounts and write-offs shall be <br />determined by Valley. <br />SECTION 3- REPORTS. Each month commencing , Valley shall provide <br />Customer with a report containing the following information with respect to the immediately preceding <br />month: <br />(a) Amount of billings by Valley for Customer during the month; <br />(b) Amount of deposits to Customer's account by Valley during the month; <br />(c) Amount of refunds paid out during the month; <br />(d) Amount of automatic write-offs during the month; <br />(e) Amounts submitted to colfection by Valley for Customer during the month; <br />(o Current accounts receivable balance for Customer; and <br />(g) Upon the written request of Customer, an aggregate total of the information described in <br />(a) -(e) of this section for the current report month and preceding months, provided, <br />however, that such aggregate total shall not cover a period of more than twenty-four (24) <br />consecutive months or any period before commencement of Services hereunder. <br />SECTION 4- PAYMENT FOR SERVICES. Customer agrees to pay Valley a Service Fee equal to <br />percent L_°k) of the total of all Net Collections for Services (defined below) received <br />each month by Valley. Customer agrees to pay all Valley Service Fees before the end of the month <br />immediately following the month in which the Services were rendered, and all delinquent service fees <br />sha11 bear interest at the rate of one percent (1 %) a month until fully paid. Upon the teRnination of this <br />Agreement as provided hereunder, at its option, Valley shall continue to provide the Services described <br />hereunder, but only at the same Service Fee with respect to all Services which were first billed before <br />the termination date. The rate of the Service Fee described above may be adjusted by Valley to be <br />effective on any Anniversary Date of the contract by giving Customer ninety (90) days advance wntten <br />notice. "Anniversary Date" shall be defined as the month and day this Agreement is signed by <br />Customer. For the purposes of this Section, the term „Net Collections for Services" shall mean gross <br />collections minus refunds paid out with respect to Services for which Valley had or has billing <br />responsibility. <br />SECTION 5- TERM AND TERMINATION OF AGREEMENT. This Agreement shall be effective on the <br />date specified above and shall continue in effect until terminated in accordance with the terms hereof. <br />Either party may terminate this Agreement upon the provision of sixty (60) days advance wr+tten notice <br />to the other party. Either party may terminate this Agreement immediately upon the provision of written <br />notice to the other party if the other party materially breeches this Agreement and does not cure such <br />breach within thirty (30) days of receipt of written notice of such breach, which notice clearly describes <br />the breach. <br />2 <br />
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