Common use of Over and under payments Clause in Contracts

Over and under payments. a) If it has been determined that the Province has made an overpayment, it will be deducted from the next scheduled payment. b) If it has been determined that the Province has made an underpayment, it will be added to the next scheduled payment. c) For greater certainty, in the final Fiscal Year for which Funds are payable under the Agreement, any overpayment or underpayment will be addressed through the final payment, or second instalment, as provided for in Schedule “C”.

Over and under payments. a) If it has been determined that the Province has made an overpayment, it that overpayment will be deducted from the next scheduled payment. b) If it has been determined that the Province has made an underpayment, it that underpayment will be added to the next scheduled payment. c) For greater certainty, in the final Fiscal Year for which Funds are payable under the Agreement, any overpayment or underpayment will be addressed through the final payment, or second instalment, as provided for in Schedule “C”.