ARCs and RRCs Measurement Period and Reconciliation True-Up Sample Clauses

ARCs and RRCs Measurement Period and Reconciliation True-Up. The period for determining ARCs and RRCs will be performed on a calendar month basis commencing upon the beginning of Contract Year Three for each applicable Service Tower for which the Commonwealth receives Services. Commencing upon the beginning of Contract Year Three, at the end of every calendar month thereafter, the Commonwealth and the Vendor shall reconcile the Commonwealth’s actual consumption of Resource Units for such calendar month against the Baselines applicable to such calendar month, and Vendor shall calculate ARCs and/or RRCs, as applicable for each Resource Unit, as set forth in this Schedule. Vendor shall ensure that all actual usage of Resource Units are measured and reported in accordance with the Resource Measurement provisions of this Schedule. The Commonwealth shall pay ARCs and Vendor shall credit (or refund if the Term has ended) RRCs in accordance with the terms and conditions of the Agreement. Vendor shall complete its analysis and reporting of actual consumption of Resource Units to the Commonwealth no later than fifteen (15) days following the end of the calendar month in which the Services were delivered. In the event that there is discovery of inaccuracies in the measurement or reporting of actual Resource Unit usage, which discovery occurs after the ninety (90) day period following the end of such calendar month, the maximum amount of ARCs allowable will be limited to the quantities that have been reported by Vendor and received by the Commonwealth during the ninety (90) day period following the end of the calendar month.
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Related to ARCs and RRCs Measurement Period and Reconciliation True-Up

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  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

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