Financial Settlements. All financial transactions between the parties related to this Agreement, including without limitation the proration of passenger and cargo revenue, shall be settled through the Airline Clearing House (“ACH”) unless otherwise agreed, as long as both parties are members of ACH. Should one or both parties cease to be a member of ACH, settlement shall be determined by the accounting personnel of each party in accordance with procedures to be mutually determined.
Financial Settlements. All Financial awards, settlements, and rulings on grievances shall be paid within 45 calendar days of the final award/ruling and/or execution of the settlement.
Financial Settlements. Plan Sponsor acknowledges and agrees that Claims Administrator may, from time to time, enter into financial settlements with providers for, among other reasons, routine claims adjustments, delayed rate adjustments, cost rate adjustments and incentive program adjustments. As such, the outcome of these settlements could result in an additional charge or credit being issued to Plan Sponsor during or after the applicable Contract Term. The parties understand and agree that any such charge or credit shall not result in a corresponding adjustment to amounts paid or not paid by Members in connection with claims relating to the settlement.
Financial Settlements. (a) With respect to each calendar quarter following the Reinsurance Closing Date, the Parties will effect a financial settlement as contemplated in the reports to be provided pursuant to this Section 5.1(a), Schedule C.1 (for calendar quarters ending prior to the Administrative Transfer Date) and Schedule C.2 (for calendar quarters ending on or after the Administrative Transfer Date), as applicable (collectively, the “Quarterly Settlement Reports”); provided, however, that the first such Quarterly Settlement Report will cover the period from the Reinsurance Effective Date through the end of the first calendar quarter after the Reinsurance Closing Date. The Ceding Company will prepare and deliver to the Reinsurer the Quarterly Settlement Report for each calendar quarter ending prior to the Administrative Transfer Date, and the Reinsurer will prepare and deliver to the Ceding Company the Quarterly Settlement Report for each calendar quarter ending on or after the Administrative Transfer Date. Contemporaneously with the Quarterly Settlement Reports prepared and delivered by a Party hereunder, such Party will also deliver to the other Party (the “Receiving Party”) data and information reasonably supporting the Party’s Quarterly Settlement Report determinations contemplated in Schedule C.1 or Schedule C.2, as applicable, in each case, as soon as reasonably practicable, but in any event such Quarterly Settlement Reports, data and information must be delivered to the Receiving Party not later than fifteen (15) Business Days after the end of each calendar quarter during the Term. If a Quarterly Settlement Report reflects a balance due to the Ceding Company, the amount shown as due will be paid by the Reinsurer within five (5) Business Days after the delivery of the Quarterly Settlement Report to the Receiving Party. If a Quarterly Settlement Report reflects a balance due to the Reinsurer, the amount shown as due will be paid by the Ceding Company within five (5) Business Days after the date on which the Quarterly Settlement Report was delivered to the Receiving Party. All settlements of account between the Ceding Company and the Reinsurer will be made in cash or its equivalent. Any disputes concerning amounts due pursuant to this subsection (a) will be resolved in accordance with the procedures set forth in Article XII.
(b) For purposes of Section 5.1(a), a payment will be considered overdue on the date which is fifteen (15) Business Days after the date such payme...
Financial Settlements. 15.1 [The financial settlements between the Contractor and the Investor shall be based on the invoices to be issued along with the progress of the performance of the Subject Matter of the Contract [monthly] [upon the completion of each of the stages listed in Appendix 4 hereto]. [Upon the Final Acceptance of the Subject Matter of the Contract, the Contractor shall be entitled to issue a final invoice reduced by the Retained Amount to be released on the principles set out in Article XIX of the Contract.]]. / [The payment of the full remuneration due to the Contractor under this Contract, subject to the Retained Amounts, shall be made after the Final Acceptance.]
15.2 The Contractor shall issue invoices to the Investor in accordance with a document prepared by the Project Manager and approved by the Investor specifying the amount due to be paid [in a given calendar month] [at a given stage].
15.3 The Investor is required to make the payment under an invoice issued by the Contractor within [thirty (30)] days of the date of issue of the invoice.
Financial Settlements. For due performance of the Agreement, PCO undertakes to pay the Seller a price in the amount of PLN ... (say: ... 00/100) net (hereinafter: the "Price").
Financial Settlements. The total amount for Contract services provided in paragraph 1.1. is EUR 1307,00 (one thousand three hundred seven euro, 00 cents). Taxes shall be applied according to the law and regulations of the Republic of Latvia. Payment for the Services shall be made as follows:
Financial Settlements
