Adjustments in Payments Sample Clauses
The "Adjustments in Payments" clause defines the process for modifying payment amounts under a contract in response to specific events or changes in circumstances. This clause typically outlines scenarios such as changes in the scope of work, fluctuations in material costs, or the occurrence of unforeseen expenses, and details how payment amounts will be recalculated or settled between the parties. Its core practical function is to ensure fairness and flexibility in financial arrangements, allowing both parties to adapt to changing conditions without breaching the contract or incurring unexpected losses.
Adjustments in Payments. The terms of this Paragraph 5.3.3 override and control any and all other terms of this Agreement to the extent inconsistent with this Paragraph 5.3.
Adjustments in Payments. A. WCCLS may adjust payments if funding for payments noted in 5.B.1 is less than projected. WCCLS will reduce amounts paid to each Contractor in an amount proportionate to each library’s percentage of the total amount available for payment.
B. WCCLS shall notify the Contractors in writing of any adjustments under this Section after the County adopts the budget for the subsequent fiscal year. If reductions in revenue are necessary after the beginning of a fiscal year, County shall give sixty (60) days notification to Contractors, if possible.
Adjustments in Payments a. If any funds are expended by a Contractor or his subcontractor in violation of the Workforce Innovation and Opportunity Act regulations, the contract or conditions imposed by the CEO, the Board may make necessary adjustments in payments to the Contractor to recoup such expenditures.
b. The CEO may take back unexpended funds, which have been available in order to assure that they will be used in accordance with the purposes of the Act or to prevent further disallowed, unauthorized, or illegal expenditures.