Common use of Financial Reductions Clause in Contracts

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if any of the Reports are received after the due date, are incomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) if received within 7 days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars ($250.00), and (2) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if any of the Reports are received after the due date, are incomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) if received within 7 days Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars ($250.00), and; (2) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if any of the Reports are received after the due date, are incomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1i) if received within 7 days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1i) a reduction of 0.02 percent (0.02%) of the Funding; or (2ii) two hundred and fifty dollars ($250.00), ; and (2ii) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if any of the Reports are received after the due date, are incomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) if received within 7 days Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars ($250.00), and (2) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if any of the Reports are received after the due Reportsarereceivedafterthedue date, are incompleteareincomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial thefinancial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) if received within 7 days Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars twohundredandfiftydollars ($250.00), and; (2) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if any of the Reports are received after the due Reportsarereceivedafter thedue date, are incompleteareincomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) if received within 7 days Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars hundredandfiftydollars ($250.00), and; (2) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if in any of the Reports are following circumstances: its CAPS is received after the due date; its CAPS is incomplete; the quarterly performance reports are not provided when due; or financial or clinical data requirements are late, are incompleteincomplete or inaccurate, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHINinaction. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) : if received within 7 days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars ($250.00), and (2) ; and for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if any of the Reports are received after the due date, are incomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) : if received within 7 days Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars ($250.00), and (2) ; for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if in any of the Reports are following circumstances: its CAPS is received after the due date; its CAPS is incomplete; the quarterly performance reports are not provided when inaccurate, are incomplete, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: (1) : if received within 7 days Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars ($250.00), and (2) ; and for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.

Financial Reductions. Notwithstanding any other provision provIsIon of this Agreement, and at the discretion of the LHIN, the HSP may be subject to a financial reduction if in any of the Reports are following circumstances: (1) its CAPS is received after the due date; (2) its CAPS is incomplete; (3) the quarterly performance reports are not provided when due; or (4) financial or clinical data requirements are late, are incompleteincomplete or inaccurate, or are inaccurate where the errors or delay were not as a result of either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the LHIN. If assessed, the financial reduction will be taken from funding designated for this purpose in Schedule B as follows: ({1) if received within 7 days Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of (1) a reduction of 0.02 percent (0.02%) of the Funding; or (2) two hundred and fifty dollars ($250.00), ; and (2) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial reduction.