Interim Settlement. CMS and EOHHS shall determine an interim settlement based on 3 months of claims run-out beyond the end of Demonstration Year 1 and an incurred but not reported (IBNR) estimate. For the purpose of the interim settlement, the Contractor will jointly provide to CMS and EOHHS the following within 120 calendar days following the end of each Demonstration Year: A complete and accurate report of Actual Non-Service Expenditures for Enrollees in the Demonstration Year; A complete and accurate report of Actual Service Expenditures, based on category of services, for Enrollees based on claims incurred for the Demonstration Year, including 3 months of claims run-out; The Contractor‘s best estimate of any claims incurred but not reported (XXXX) for claims run-out beyond 3 months and any IBNR completion factors by category of service; A complete and accurate report of Part D revenue and expenditure, as required under 42 C.F.R. 423.514(a)(1); A complete and accurate report reflecting any recoveries from other payors outside of claims adjudication that are not reflected in the reported Actual Service Expenditures, including those pursuant to coordination of benefits, third party liability, rebates, supplemental payments, adjustments in claims paid, adjustments from providers including adjustments to claims paid, and Enrollee contributions to care (as described in Section 4.4.3.); A complete and accurate report of net reinsurance costs that are included in the reported Actual Non- Service Expenditures; Encounter Data, as required under Section 2.17 of this Contract, unless otherwise permitted by CMS and MassHealth; and A completed electronic funds transfer authorization agreement. CMS and EOHHS shall provide the Contractor with an interim reconciliation under the risk corridor arrangement within one-hundred fifty (150) calendar days following the end of the Demonstration Year, unless otherwise permitted by CMS. Any balance due between the Contractor and CMS and EOHHS shall be paid within sixty (60) days of the Contractor receiving the Interim Reconciliation from CMS and EOHHS. The Contractor shall provide any additional information upon request from CMS and EOHHS necessary to calculate Total Adjusted Expenditures.
Interim Settlement. Within ten (10) calendar days following the Closing Date, Sellers will deliver to Buyer a good-faith estimate of the Closing Date Value, such estimate to be calculated in the manner set forth in Schedule 2.02. On the basis of such good-faith estimate of the Closing Date Value, and without being subject to any challenge or dispute on the part of Buyer, and without any loss of Buyer's rights under Section 2.04(d), the parties will determine whether Sellers or Buyer is required to make a payment to the other. The party so required hereunder to make a payment to the other shall pay, within five (5) Business Days following the date on which such payment amount is determined (the "Interim Settlement Date"), one hundred percent (100%) of such amount to be paid, plus interest on the amount so paid at the Interest Rate from and including the Closing Date to but excluding the date of payment (the "Interim Settlement Amount"). The amounts, if any, required to be paid by either party under Section 2.05, including the interest payments thereunder, shall be adjusted accordingly to take into account the interim settlement payment made under this Section 2.08.
Interim Settlement. 24 2.09 Co-Issue................................................................24 ARTICLE III Closing, Transfers and Related Items
Interim Settlement. The Companies agree to deliver to PaineWebber Interim Settlement Shares for the Reset Date that occurred on June 30, 1998, PROVIDED, HOWEVER, that such Interim Settlement Shares need not be delivered pursuant to an effective registration statement covering any sale of such Interim Settlement Shares by PaineWebber, PROVIDED FURTHER that if such Interim Settlement Shares are not the subject of an effective registration statement covering all sales of such Interim Settlement Shares by PaineWebber by August 28, 1998, the Companies shall deliver cash collateral to PaineWebber on such date in an amount equal to the Interim Settlement Amount for the Reset Date that occurred on June 30, 1998. Any cash collateral delivered by the Companies to PaineWebber pursuant to this Section shall be subject to the provisions of Section 5.1 of the PPAM Agreement. PaineWebber acknowledges that the Companies' obligations to deliver Interim Settlement Shares to PaineWebber under Section 5.1 of the PPAM Agreement with respect to the Reset Date occurring on June 30, 1998, shall be satisfied upon the full performance by the Companies of all their respective obligations under this Letter Agreement. For the avoidance of doubt, such satisfaction is only with respect to the obligations of the Companies arising with respect to the Reset Date occurring on June 30, 1998, and in no way affects the obligations of the Companies with respect to future Reset Dates.
Interim Settlement. If the amount of the interim Purchase Price as set forth on the Interim Closing Statement exceeds the amount of the Estimated Purchase Price paid at Closing, then, within five (5) days after the Interim Settlement Date, Buyer shall pay to Seller the amount of such difference. If the amount of the interim Purchase Price as set forth on the Interim Closing Statement is less than the Estimated Purchase Price paid at Closing, then Seller shall pay to Buyer, within five (5) days after the Interim Settlement Date, the amount of such difference. Any post-Closing payment made pursuant to this Section 3.6(c) shall be made by means of a wire transfer of immediately available funds to a bank account designated by the Party receiving the funds.
Interim Settlement. The rates are regulated as part of the interim settlement in accordance with the regulation provision governing supplements that is incorporated into the interim settlement protocol agreed between YS and the NHO for the General Industry Agreement/the Engineering Industry Agreement.
Interim Settlement. Where Flectat has received from the trustees of its Premiums Trust Fund an amount representing an interim profit of Flectat in respect of its participation as a member of the Syndicate for the 2012 underwriting year of account and the Reinsured receives from Flectat (pursuant to the terms of the 2012 Flectat LLQS) an ‘Interim Settlement Amount’ (as defined in the 2012 Flectat LLQS), the Reinsured shall pay to the Reinsurer an amount by way of interim settlement (“CBL/OSIL Interim Settlement Amount”), reasonably determined by the Reinsurer to be attributable to the business reinsured under this Treaty of the amount of the ‘Interim Settlement Amount’ (as defined in the 2012 Flectat LLQS). If the CBL/OSIL Interim Settlement Amount (or the aggregate of all CBL/OSIL Interim Settlement Amounts, if more than one) paid to the Reinsurer as provided in this paragraph exceeds the amount due to the Reinsurer (before taking account of the CBL/OSIL Interim Settlement Amount(s) paid to the Reinsurer) as shown in the statement of account prepared by or on behalf of the Reinsurer as referred to in paragraph (iii)a below, the Reinsurer shall, forthwith upon providing to the Reinsured such statement of account, pay to the Reinsured an amount equal to the excess.
Interim Settlement. On each Interim Settlement Date, if the Forward Price exceeds the closing price of the Paired Shares on such Interim Settlement Date, then on the Business Day following the Fifth Exchange Trading Day thereafter the Companies shall deliver Cash Collateral to UBS in an amount equal to the Interim Settlement Amount to a Cash Collateral Account of UBS; provided, however, that with the prior written consent of UBS and without affecting the Forward Price (e.g., as if Cash Collateral had been delivered), the Companies may deliver, in lieu of such Cash Collateral, Paired Shares to Warburg Dillon Read LLC for the account of UBS equal to 125% of the Interim Settlement Shares; provided, further, that no such Paired Shares may be delivered unless they are subject to a registration statement complying with Section III.A 4. above. If either Cash Collateral or Interim Settlement Shares is delivered pursuant to Section IV, then during the period between each Interim Settlement Date or between the final Interim Settlement Date and the Maturity Date, the Interim Settlement Amount shall be recalculated and the amount of Cash Collateral (or Interim Settlement Shares, as the case may be) shall be adjusted to equal such recalculated Interim Settlement Amount on a bi-weekly basis.
Interim Settlement. (a) If, on the last Exchange Business Day of any calendar quarter following the month in which the Trade Date occurs, the Closing Price for such date MULTIPLIED BY the Number of Shares as of such date exceeds the Aggregate Forward Amount as of such date, Share Seller shall deliver or cause to be delivered to Share Purchaser no later than the close of business in New York on the third Exchange Business Day following such date a number of Shares ("SELLER INTERIM SETTLEMENT SHARES") equal to the amount of such excess DIVIDED BY such Closing Price, rounded to the nearest whole Share.
(b) If such Closing Price MULTIPLIED BY such Number of Shares is less than such Aggregate Forward Amount, Share Purchaser shall deliver to or as directed by Share Seller no later than the close of business in New York on the third Exchange Business Day following such date a number of Shares ("PURCHASER INTERIM SETTLEMENT SHARES") equal to the amount of such shortfall DIVIDED BY such Closing Price, rounded to the nearest whole Share; PROVIDED that Share Purchaser shall not be required to deliver Shares in excess of the Maximum Deliverable Shares. With respect to any Purchaser Interim Settlement Shares so delivered, Share Seller represents that it is not taking such Purchaser Interim Settlement Shares with a view to the distribution thereof within the meaning of the Securities Act, it being understood that this representation shall not limit the right of Share Seller to sell or cause the sale of such Shares as contemplated in this Agreement and the Collateral Agreement. Share Seller acknowledges and agrees that such Purchaser Interim Settlement Shares cannot be resold unless registered under the Securities Act or in a transaction exempt from or not subject to the registration requirements of the Securities Act. Share Seller acknowledges that certificates with respect to such Purchaser Interim Settlement Shares delivered to or as directed by Share Seller pursuant to this provision may bear a legend to such effect.
Interim Settlement. If the insured makes an interim settlement based on Actual Cash Value, the Insurer is liable for a subsequent claim based on Replacement Cost only if the property is replaced within one hundred and eighty (180) days from the date of loss, subject always to the terms and conditions of this policy.
