Credits and Deficits. Funds provided by either a Federal Party or a state Permittee that are in excess of their funding obligations for a specific year shall be treated as a credit against future funding obligations. Any shortage of the funds provided by either a Federal Party or a state Permittee will be treated as a deficit to future funding obligations. These credits and deficits will be adjusted to 2003 dollars using the inverse of the Inflation Index. Any credits may be applied against future funding obligations until they are exhausted when converted to 2003 dollars. Any deficits shall be repaid in future funding obligations until full repayment occurs when converted to 2003 dollars. All credits must be used prior to the completion of the LCR MSCP. All deficits shall be repaid prior to the completion of the LCR MSCP. Exhibit A-3 hereto provides examples of the calculation.
Credits and Deficits. 12.2.7 If Contractor Found Not in Default or Excusable.
Credits and Deficits. If the unpaid balance of the Contract Sum exceeds the full cost of finishing the Work, including compensation for the A/E's services and expenses made necessary thereby, such excess shall be paid to the Contractor. If such cost exceeds the unpaid balance, the Contractor shall pay the difference to the Owner this obligation for payment shall survive the termination of the Contract.
