Incurred and Paid definition

Incurred and Paid means, in relation to an Eligible Expenditure, an Eligible Expenditure that the Initial Recipient has paid for;
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Incurred and Paid means an Eligible Cost for goods and/or services that have been paid for by the Proponents;
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Incurred and Paid means, in relation to an Eligible Expenditure, that the Proponent has paid for;
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Examples of Incurred and Paid in a sentence

  • Accordingly, These Terms change that and allow the CEC to reimburse the Recipient for Incurred and Paid Costs that are (1) incurred during the Agreement Term; (2) invoiced within the required timeframes of this Agreement; (3) made in accordance with the Agreement’s Budget; and (4) actual and allowable expenses under this Agreement.

  • Estimate of Claims Incurred and Paid in the Same Fiscal Year Month Incurred Additional Months Until End of Fiscal Year The IBNR factor does not apply to supplemental payments since these payments are calculated and paid once per year with no retroactive adjustments.

  • You must not use any part of the Funding for: (1) purchasing capital equipment (other than as specified in the Purposes), (2) your legal fees in relation to the Contract, (3) Costs Incurred or Costs Incurred and Paid by you in the delivery of the Purposes prior to the period referred to in the Contract.

  • If a force majeure event frustrates the performance of this Agreement, Canada and by extension, the Delivery Organization, will only be liable for its proportionate share of the Eligible Expenditures Incurred and Paid to the date of the occurrence of the event.

  • If a force majeure event frustrates the performance of this Agreement, Canada will only be liable for its proportionate share of the Eligible Expenditures Incurred and Paid to the date of the occurrence of the event.

  • The amount that has already been Incurred and Paid will then be subtracted from the Anticipated Incurred Claim amount to determine the Claim Reserve.

  • Notice is received by a party: (l) when it is delivered to the party personally; (2) on the date shown on the return receipt if mailed by registered or certified mail, return receipt requested, to the party's address specified below, and signed on behalf of the party; or (3) three business days after its deposit in the United States mail, with first-class postage affixed, addressed to the party's address specified below.

  • The Incurred and Paid dates represent the essence of the Stop Loss coverage.

  • The Aggregate Benefit Maximum Eligible Expenses per Covered Person applies only to Eligible Expenses Incurred and Paid for the following Covered Benefits:1 [Medical, excluding prescription drugs covered under a Prescription Drug Plan; Prescription Drug Plan.] as provided by this Policy.

  • We are limited under the Policy to reimbursing you for Losses under this Policy that are Incurred and Paid by you as self-insurer of the Plan.


More Definitions of Incurred and Paid

Incurred and Paid means, in relation to an Eligible Expenditure, an Eligible Expenditure that the Ultimate Recipient has paid for.
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Incurred and Paid means, an Eligible Expenditure, that said Eligible Expenditure has been paid for by the Proponent.
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Related to Incurred and Paid

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly owned Subsidiaries, whether by purchase, merger, amalgamation or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, or a product or a product candidate of, any Person; provided that:

  • Material Acquisition means any (a) acquisition of property or series of related acquisitions of property that constitutes assets comprising all or substantially all of an operating unit, division or line of business or (b) acquisition of or other investment in the Capital Stock of any Subsidiary or any person which becomes a Subsidiary or is merged or consolidated with the Borrower or any of its Subsidiaries, in each case, which involves the payment of consideration by the Borrower and its Subsidiaries in excess of $100,000,000 (or the equivalent in other currencies).