Audit Reimbursement Sample Clauses

Audit Reimbursement. To the extent that an audit by the District, the District’s independent auditors or any other party identifies costs, charges or expenses inaccurately or improperly attributed to the Bond Program by the Program Manager, the Program Manager agrees to remit the amount of the overpayment to the District upon demand. If such audit discloses an overcharge of five percent (5%) or more of the total amount invoiced to the District for any year audited, and such audit is correct, the Program Manager shall also pay the actual cost of such audit, which cost shall include fees and costs of attorneys or other professionals involved in the audit and, in the case of audits conducted by the District, shall include staff costs computed on the basis of two (2) times the direct payroll of the audit staff. If such audit identifies an underpayment to the Program Manager with respect to disputed or miscalculated amounts, the District shall promptly remit the amount of the underpayment to the Program Manager.
Sample 1
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Audit Reimbursement. To the extent that an audit by xxx Xxxxxxx, Xxxxxxxx, Xxxxxxxx’s independent auditors, or their designees disclose excess charges inaccurately or improperly attributed to this Project by the Program Manager, Program Manager agrees to remit the amount of the overpayment to the District upon demand. If such audit discloses an overcharge of five percent (5%) or more of the total amount invoiced to District for any year audited, Program Manager shall pay the actual cost of such audit, which cost, in the case of audits conducted by College or District using in house staff, shall be computed on the basis of two (2) times the direct payroll of the audit staff completing the audit and audit report. Should such audit disclose an underpayment to Program Manager, District shall promptly remit the amount of the underpayment to Program Manager upon receipt of a corrected Invoice for Payment from Program Manager.
Sample 1
Audit Reimbursement. In addition to the Examination and Audit rights set forth in Appendix A, Attachment 1 General Provisions – Information Technology, Effective 1/1/04, Contractor agrees to reimburse the State for the cost of any audit which finds that the provisioning of contracted IWTS services by call type or call volume is inaccurately reported by five percent (5%) as determined by the State or that rates applied to calls exceed those established in this Agreement by five percent (5%) as determined by the State. Any such audit shall be conducted by an experienced auditor and shall follow commercially reasonable and generally accepted accounting principles. The State may forward audit results showing call rate discrepancies to the CPUC. A follow up audit may be required at Contractor’s expense. Repeated and/or egregious violations may be grounds for Termination for Default as set forth in Appendix A, Attachment 1- General Provisions – Information Technology. The State agrees that the hourly rates charged for any such reimbursable audit shall be in accordance with industry standards. The State further agrees that it will not seek reimbursement for more than 2 audits per calendar year, assuming no follow-up audits are required. In no event shall Contractor’s total audit costs under this section exceed one hundred thousand dollars ($100,000) in any twelve-month period.
Sample 1
Audit Reimbursement. The Parties acknowledge and agree that, in furtherance of the Parties’ respective obligations under Section 5.2.5 of the Agreement, Seller shall engage KPMG LLP to perform, on behalf and at the expense of Buyer, the reasonably necessary audit services required to prepare the historical financial statements related to the Product Business as may be required to be included in any filing under the Securities Exchange Act of 1934 and the regulations promulgated thereunder, including Regulation S-X, to be reported on a current report on Form 8-K (and in any other filing required to be made by Buyer under applicable Law and) filed by Buyer in connection with the Closing. Seller shall use reasonable efforts to cooperate with KPMG LLP to facilitate KPMG LLP performing such audit services in a manner that allows Buyer to make such filings in accordance with timeframes required under applicable Law. Buyer shall promptly reimburse Seller for any audit fees and other out-of-pocket expenses incurred by Seller or its Affiliates in connection with such engagement.
Sample 1
Audit Reimbursement. By the Closing Date, Purchaser shall pay ------------------- to Ernst & Young LLP (on behalf of Sellers), full payment and reimbursement for all the fees and costs charged (or chargeable) by Ernst & Young LLP to Sellers in connection with an audit by Ernst & Young LLP regarding the business and operations with respect to the Towers for 1997 and the first six months of 1998, in an aggregate final amount of $122,000, which audit Sellers' arranged at Purchaser's request. At the Closing Purchaser shall deliver to MobileMedia Communications evidence of such payment (and which evidence may include a copy of the applicable invoices marked "paid" or similar notation).
Sample 1
Audit Reimbursement. In the event an audit by AtheroNova shows an underpayment, CardioNova shall pay AtheroNova the amounts underpaid. In addition, in the event the examination shows an underpayment of more than [***] for any quarter, CardioNova shall pay AtheroNova, in addition to the amounts underpaid, the costs of the audit and interest on any undisputed underpayments at the monthly rate of [***], compounded monthly.
Sample 1

Related to Audit Reimbursement

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Reimbursement of Fee Waivers and Expense Reimbursements If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses of the Fund for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by a Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) within three years after the year in which the Adviser waived or reduced investment advisory fees or reimbursed expenses, to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses Xxxxxxx has incurred at the time of the request;

  • Relocation Reimbursement In the event the Company changes the principal place of business at which the Executive performs his duties to a location that is outside of a 50 mile radius of Jenkintown, Pennsylvania, the Company shall reimburse the Executive for all reasonable relocation expenses, including but not limited to, temporary housing for the Executive and his family.

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

  • Expenses Reimbursement State Street shall be entitled to receive from the Fund on demand reimbursement for its cash disbursements, expenses and charges, excluding salaries and usual overhead expenses, as set forth in Schedule A.

  • Fees, Expenses and Reimbursement (a) So long as the Administrator provides Administrative Services to the Company, it shall be entitled to receive reasonable and customary fees for such services as well as out-of-pocket expenses as may be agreed to by the Administrator and the Company pursuant to a separate written agreement.

  • Compensation and Expense Reimbursement A. Client will pay the Company, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by Company on Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule is incorporated herein by reference.

  • Tax Reimbursement (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payments or distributions by Ceridian to or for the benefit of Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard to any payments required under this Section 7.04) (collectively, the "Payments") would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties are incurred by Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the "Excise Tax"), then Executive shall be entitled to receive an additional payment (a "Gross-Up Payment") in an amount such that, after payment by Executive of all taxes (and any interest or penalties imposed with respect to such taxes), including any income taxes and Excise Tax imposed upon the Gross-Up Payment, Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments.

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