Budget Deficit Sample Clauses
The Budget Deficit clause defines how situations are handled when actual expenses exceed the allocated budget for a project or agreement. Typically, this clause outlines the responsibilities of the parties involved, such as whether additional funding must be provided, costs must be reduced, or if certain activities must be scaled back to stay within budget. Its core practical function is to establish clear procedures and accountability for managing overspending, thereby preventing disputes and ensuring financial discipline throughout the duration of the agreement.
Budget Deficit. The amount, if any, by which the POS Plan Costs exceeds the POS Plan Budget for any calendar year.
Budget Deficit. If the Actual Costs exceed the Budget during any Year, the amount of this excess will be referred to as the Budget Deficit. IPA's share of the Budget Deficit shall be [ ** ] of the Budget Deficit, but not to exceed [ ** ] of the Budget. In the event of a Budget Deficit, PacifiCare shall pay IPA the Withhold Amount, less IPA's share of the Budget Deficit. If IPA's share of the Budget Deficit is greater than the Withhold Amount for the Initial Term, the difference between these amounts (the "Additional Payable Amount") shall be payable by IPA to PacifiCare within thirty (30) days from receipt of the calculation.
Budget Deficit this is the difference between the amount of money the government spends and the amount it receives in taxation and other revenue.
Budget Deficit. The amount, if any, by which the Out-of-Network Costs exceed the POS Plan Budget for any calendar year.