Deficit and Surplus Sample Clauses

Deficit and Surplus. In the event that the estimate by CNAC of the costs (C in (2) above) to administer the numbering resources in Canada is incorrect and CNAC overestimated the costs for the year, CNAC shall not be required to return any portion of the User Fee but shall apply any surplus to reduce the costs required to be funded in the next year. In the case where CNAC underestimated the costs for the year, CNAC shall have the right to levy a special charge on Service Users for the deficit amount (“Additional User Fee”) based upon the same proportionate share related to Service User used to calculate the last User Fee if funds are required for the continued operation of CNAC, however, CNAC will only utilize its right to levy an Additional User Fee only when it deems it necessary, and where appropriate such deficit amount will be added to costs to be recovered from Service Users during the next year. Any Additional User Fee invoiced to Service User is due within thirty (30) days of the invoice date no matter what payment plan Service User has selected.
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Deficit and Surplus. (1) The FNHA shall be solely responsible for any expenditure which it makes in excess of the Annual Federal Amount.

Related to Deficit and Surplus

  • In the Event of Forecasted Surpluses If the HSP is forecasting a surplus, the Funder may take one or more of the following actions: adjust the amount of Funding to be paid under Schedule A, require the repayment of excess Funding; adjust the amount of any future funding installments accordingly.

  • Extended Reporting Period If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Master Contract.

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