Financial Reconciliation. F-7.1 The Managing Entity shall submit reports that reflect the Managing Entity's actual operational cost and the actual service cost of the Network in accordance with Exhibit F2. The Managing Entity shall submit a final Managing Entity Monthly Expenditure Report annually no later than August 15. Payment for the final month of the fiscal year and carry forward shall not be approved until final reconciliation has been completed by the Department.
F-7.2 The Department will reconcile actual expenditures reported to the funds disbursed to the Managing Entity based on the properly completed Managing Entity Monthly Expenditure Reports and the Managing Entity Monthly Carry Forward Expenditure Reports, according to the following schedule: F-7.2.1 Quarterly, after September, 30, December 31, March 31, and June 30 each state fiscal year during desk reviews; and
Financial Reconciliation. Within 60 days after termination by either the Student or University or natural expiration of the Term of this contract, University will finalize and send to the Student’s account with the University Bursar notice of any credits to the Student’s account, outstanding amounts owed to the University, and/or refunds due to the Student pursuant to this contract.
Financial Reconciliation. (a) Within sixty (60) days after the end of each Calendar Quarter, commencing with first Calendar Quarter during which the Effective Date occurs (which shall include all periods since January 1, 2002, Adolor shall, using the GSK Report and the Adolor Report, prepare a reconciliation report for Adolor Products in the United States (the "Adolor Reconciliation Report") which ---------------------------- shall show the Development Expenses either Party may owe the other, the calculation of the Adolor Product Marketing Contribution, each Party's share of the Adolor Product Marketing Contribution, the reimbursements owed to GSK pursuant to Section 6.7.4(a), and the resulting net amount owed by Adolor to GSK or by GSK to Adolor as the case may be, in each case for Adolor Products in the United States. Within twenty (20) days after receipt by GSK of the Adolor Reconciliation Report, GSK or Adolor, as the case may be, shall pay the net amount shown therein to the other Party.
(b) Within sixty (60) days after the end of each Calendar Quarter, commencing with the first Calendar Quarter following the Effective Date, GSK shall, using the GSK Report and the Adolor Report, prepare a reconciliation report for GI Products in the United States (the "GSK --- Reconciliation Report") which shall show the Development Expenses either Party --------------------- may owe the other, the calculation of the GI Product Marketing Contribution, each Party's share of the GI Product Marketing Contribution, the reimbursements owed to Adolor pursuant to Section 6.7.4(b) and the resulting net amount owed by Adolor to GSK or by GSK to Adolor as the case may be, in each case for GI Products in the United ** = Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Financial Reconciliation. Within 60 days after termination by either the Student or CU Boulder or natural expiration of the Term of this contract, CU Boulder will finalize and send to the Student’s account with the University Bursar notice of any credits to the Student’s account, outstanding amounts owed to the University, and/or refunds due to the Student pursuant to this contract.
Financial Reconciliation. The Financial Reconciliation Process in Schedule 3.7 ("Financial Reconciliation Process") is incorporated by this reference.
Financial Reconciliation. After the end of the fiscal year, a financial reconciliation procedure will be conducted to reconcile accounting records maintained by the grantee and the Department of Labor’s original accounts. It may become necessary to revise funding levels in the new plan for a particular state when the reconciliation is completed.
Financial Reconciliation. At the completion or termination of the Services and before the final payment will be made, SUPPLIER shall, upon request by CITY, provide CITY with a financial reconciliation of funds paid by CITY and tasks completed or partially completed.
Financial Reconciliation. After the end of the Program Year, a financial reconciliation procedure will be conducted by the Regional Office to reconcile accounting records.
Financial Reconciliation. Within [***] days after the end of each Calendar Quarter, the Parties shall prepare a reconciliation report for such Calendar Quarter (the “Reconciliation Report”). The Reconciliation Report shall set forth, in reasonable detail, the following:
(A) a statement of each Party’s incurred portion of the Shared Expenses (such portion, a Party’s “Incurred Shared Expenses”);
(B) a statement of total Shared Expenses, calculated by adding each Party’s Incurred Shared Expenses (the “Total Shared Expenses”);
(C) a calculation for each Party of an amount equal to [***] percent [***] of the Total Shared Expenses less such Party’s Incurred Shared Expenses (such Party’s “Differential Expense”);
(D) a statement of any amount (the “Reconciliation Payment”) owed by one Party to the other Party so that the Parties effectively share equally the Shared Expenses for that Calendar Quarter.
Financial Reconciliation. (a) The Parties acknowledge and agree that Elan and BIMA shall continue to report, reconcile and make quarterly cash settlement payments for amounts due to each other pursuant to Exhibit B and other provisions of the Collaboration Agreement and the Related Documents (as defined in the Termination Agreement) (including all amounts due for development and other costs incurred with respect to the JCV Assay) with respect to the period ending December 31, 2012 and with respect to the period beginning on January 1, 2013 and ending on the last day of the month in which Closing occurs (such period beginning January 1, 2013, the “Stub Period”). Such reports, reconciliations and cash settlements will be made using the same procedures and methodologies used by Elan and BIMA for the most recent quarter close in 2012 prior to the Execution Date. (In the event the Closing does not occur on the last day of a month, Biogen Idec will have the same rights and obligations that BIMA would have had under the Collaboration Agreement and the Related Documents between the Closing Date and the end of such month for purposes of this Section 4.6(a).)
(b) Within sixty (60) days after the end of the Stub Period, Biogen Idec will prepare a reconciliation statement that sets forth the following amounts: (i) the aggregate amount paid or payable by BIMA to Elan for the Stub Period as described in Section 4.6(a); and (ii) an amount equal to the product of (A) the total number of units of inventory included in the Transferred Inventory and (B) the per unit price paid or payable by Elan to acquire such units from Biogen Idec and its Affiliates prior to the Closing Date (the “Closing Date Inventory Value”).
(c) The amount set forth under Section 4.6(b)(i) shall be payable by Biogen Idec within ninety (90) days after the end of the Stub Period and the amount set forth under Section 4.6(b)(ii) shall be payable to the extent and on the terms set forth in Section 4.8.
(d) If, after the preparation of the reconciliation statement pursuant to Section 4.6(b), either Party receives from a Third Party an invoice or claim for any costs or expenses included in gross-to-net sales accounting or that would qualify as a deduction from Net Sales under this Agreement (i.e., those set forth in clauses (i) through (ix) of Section 1.1(gg)) with respect to sales of TYSABRI prior to the end of the Stub Period, the Party who made the sales to which such costs or expenses relate shall bear one hundred percent (100%)...
