Common use of Financial Reductions Clause in Contracts

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the Funder, 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 Funder actions or inaction or the actions or inactions of persons acting on behalf of the Funder. If assessed, the financial reduction will be 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. If assessed, financial reductions will be assessed in respect of each Home for which a Report was late, incomplete or inaccurate.

Appears in 20 contracts

Samples: Service Accountability Agreement, Service Accountability Agreement, Service Accountability Agreement

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Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the FunderLHIN, 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 Funder either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the FunderLHIN. 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. If assessed, financial reductions will be assessed in respect of each Home for which a Report was late, incomplete or inaccurate.

Appears in 12 contracts

Samples: Service Accountability Agreement, Service Accountability Agreement, Service Accountability Agreement

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the FunderLHIN, 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 Funder LHIN actions or inaction or the actions or inactions of persons acting on behalf of the FunderLHIN. If assessed, the financial reduction will be 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. LONG-TERM CARE HOME SERVICE ACCOUNTABILITY AGREEMENT APRIL 1, 2019 - MARCH 31, 2022 If assessed, financial reductions will be assessed in respect of each Home for which a Report was late, incomplete or inaccurate.

Appears in 7 contracts

Samples: Service Accountability Agreement, Service Accountability Agreement, Service Accountability Agreement

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the FunderLHIN, 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 Funder LHIN actions or inaction or the actions or inactions of persons acting on behalf of the FunderLHIN. If assessed, the financial reduction will be 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. If assessed, financial reductions will be assessed in respect of each Home for which a Report was late, incomplete or inaccurate.

Appears in 2 contracts

Samples: Service Accountability Agreement, Service Accountability Agreement

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Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the FunderLHIN, 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 Funder either LHIN actions or inaction or the actions or inactions of persons acting on behalf of the FunderLHIN. 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. If assessed, financial reductions will be assessed in respect of each Home for which a Report report was late, incomplete or inaccurate.

Appears in 1 contract

Samples: Service Accountability Agreement

Financial Reductions. Notwithstanding any other provision of this Agreement, and at the discretion of the FunderLHIN, 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 Funder LHIN actions or inaction or the actions or inactions of persons acting on behalf of the FunderLHIN. If assessed, the financial reduction will be 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. If assessed, financial reductions will be assessed in respect of each Home for which a Report was late, incomplete or inaccurate.

Appears in 1 contract

Samples: Service Accountability Agreement

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