Purchase Price and Payment Method Sample Clauses

Purchase Price and Payment Method. 3.1 The purchase price for the Object of Purchase amounts to 3.2 The purchase price shall be payable en bank working day in Frankfurt am Main (“Bank Working Day”) after the day on which the notary public confirms to the Buyer pursuant to Sec. 3.3 that the following requirements have been met: a) The notary public has received the municipality’s waiver with respect to statutory rights of pre-emption and all permits necessary for the performance of this Agreement. b) The notary public has been notified by the Land Registry of the registration of the priority notice pursuant to Sec. 000 XXX (Xxxxxx Civil Code) in favour of the Buyer in accordance with Sec. 15.2 of this Agreement. In relation to the priority notice, only such encumbrances shall be effective or rank higher that have been registered with the Buyer’s consent or whose registration has been taken over by the Buyer or whose cancellation pursuant to the following para. c) is ensured. c) The notary public is provided with all deletion documents for any encumbrances which are not acquired, which rank prior or equal to the priority notice or are effective in relation to it, for which the notary public may only be given fiduciary instructions by creditors that are not in conflict with this Agreement; the redemption amount may not exceed the purchase price minus EUR 92,000.00. The Parties hereby jointly authorise the notary public to request, to accept and to use the documentation regarding the discharge of encumbrances, also according to Sec. 875 (2) BGB, in the name and on behalf of all parties to this Agreement and involved in the financing of the purchase price. The Seller shall bear the costs of deleting the land charges as well as of any and all encumbrances that it does not acquire. The notary public is further provided with the confirmations of the real property lien holder (Grundpfandgläubiger) pursuant to which any securities from the Object of Purchase and/or the lease agreements (such as lease assignments, pledges) have been cancelled upon receipt of the amount specified in the trust condition (Treuhandauflage) by reassignment (Rückabtretung) or otherwise. d) There are no obstacles to the registration of the transfer of ownership to the Buyer in accordance with the terms of this Agreement, with the exception of aa) the potentially still outstanding clearance certificate to be furnished by the tax office with respect to the property acquisition tax, bb) the outstanding application to the court ...
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Purchase Price and Payment Method. 1. The Company’s fiscal year 2021 (January 1 to December 31, 2021) achieved revenues of about RMB 131.79 million and net loss of about RMB 1.83 million, and the Company expects to achieve revenues of more than RMB 190 million and net profit of more than RMB 9.5 million in fiscal year 2022 (January 1 to December 31, 2022). Based on a valuation report issued by Beijing Ningbanghonghe Assets Valuation Firm on April 18, 2022, the Company’s valuation is RMB 160,298,650 (Report No. Ningbanghonghe [2022] AL414). 2. Party A will transfer 20% of the Company’s equity (corresponding to the Target Company’s subscribed capital of RMB 20 million, paid-up capital of RMB 5.43 million) to Party B and ensure that Party B appoints a new executive director. Party A will be appointed by Party B as the Chief Operation Officer of the Target Company and will continue to hold 25% of the equity interests of the Target Company. Party A will not hold other positions at Party B or Party C. While Party B holds 75% (Including 55% of acquired equity on June 14, 2022) of the equity interests of the Target Company, Party B is entitled to appoint at least two-thirds of the members of the board of directors of the Target Company. Given the third party valuation report (Report No. Ningbanghonghe [2022] AL414) noted above, the parties mutually agree that the equity transfer consideration shall be RMB 20 million which shall be paid by Party C through shares.
Sample 1
Purchase Price and Payment Method. 1. The Company’s fiscal year 2021 (January 1 to December 31, 2021) achieved revenues of about XXX 00 million and net profit of about RMB 4.95 million, and the Company expects to achieve revenues of more than RMB 100 million in fiscal year 2022 (January 1 to December 31, 2022). Based on the above financial data, Parties A and B negotiated to determine the company’s valuation at RMB 158 million. 2. The Transferors will transfer 40% of the Company’s equity (corresponding to the Target Company’s subscribed, paid-up capital of RMB 5,239,764) to Party B, and ensure that the Transferee appoints at least two-thirds of the Company’s board members. Based on the Company’s valuation of XXX 000 million, the equity transfer consideration is RMB 63.2 million, which consideration shall be paid by Party C in the form of share issuance. 3. Within 5 days after the execution of this agreement, the Transferors shall promptly register/file the equity transfer and the amendment to the articles of association with the industrial and commercial authorities and ensure that the Transferee appoints at least two-thirds of the Company’s board members. After the completion of the above modification registration, Party C will issue the number of its ordinary shares (the “Shares”) in value of the equity transfer consideration. The parties agreed that the per share issuance price shall be equal to 110% of the average of the Nasdaq closing price of the ordinary shares of Party C (Nasdaq: EJH) for twenty consecutive trading days preceding January 11, 2022, which average is $1.55, and therefore, the per share issuance price should be $1.705. As a result, Party C will issue a total of 5,823,363 ordinary shares to Party A (the exchange rate between RMB and USD used hereby was 6.3653:1 by reference to People’s Bank of China’s foreign exchange trading RMB/USD mid-rate on January 10, 2022). The “Closing Date” of this Agreement shall be the date of completion of the issuance of the Shares. 4. Party C shall pay the consideration for the transfer of equity of the Target Company by issuing EJH ordinary shares to the Transferors or their designated person(s). Such Shares are “restricted securities” under U.S. federal and state securities laws that are not registered under U.S. securities laws. Under these laws, the Transferors must hold the securities indefinitely until the securities are registered under U.S. securities laws or an exemption to registration is available. Party C is under no obligation ...
Sample 1
Purchase Price and Payment Method. 3.1 Party A agrees to transfer 100% of its shares of the target company to Party B under the conditions set out in this Agreement, and the total price for the shares is RMB 1,800,000. 3.2 Party B shall pay the purchase price in cash as follows: Within 15 days after the execution and effectiveness of this Agreement, the entire purchase price, i.e. RMB 1,800,000, shall be paid.
Sample 1
Purchase Price and Payment Method. 1. The Company's fiscal year 2021 (January 1 to December 31, 2021) achieved revenues of about RMB 5,680,000 and net profit of about RMB 1,510,000, and the Company expects to achieve revenues of more than RMB 7,580,000 and net profit of more than RMB 2,000,000 in fiscal year 2022 (January 1 to December 31, 2022). According to the Asset Evaluation Report (Report No. Ningbanghonghe [2022] AY255) issued by Beijing Ningbanghonghe Assets Valuation Firm on June 6, 2022, the Target Company is valued at RMB 39,201,647. 2. Party A will transfer 100% of the Company's equity (corresponding to the Target Company's subscribed capital of RMB10 million, paid-up capital of XXX 0 million) to Party B and Party B will appoint the new executive director. Party A will be hired by Party B as the Chief Operation Officer of the Target Company. The Target Company shall become a subsidiary of Party B, and the personnel and financial operation rights shall be vested in Party B. Based on the third party valuation report referenced above, the parties mutually agree that the equity transfer consideration is RMB 38 million which shall be paid by Party C through issuance of its ordinary shares.
Sample 1
Purchase Price and Payment Method. The total purchase price for the Purchased Assets (the "Purchase Price") shall be an amount determined and paid as follows: 2.1.1. Purchaser shall pay $250,000 to Seller at Closing. 2.1.2. After the Closing Purchaser shall pay to Seller such sum or sums as shall be determined in accordance with the following provisions: (a) Within 100 days after the end of each of Purchaser's fiscal years beginning with the fiscal year ending October 31, 1997 and ending with the fiscal year ending October 31, 2001 (the "Earnout Period"), Purchaser shall pay to Seller, net of advances received for quarters occurring during such fiscal year (or, as the case may be, Seller shall pay to Purchaser any amounts owed to Purchaser by Seller due to aggregate advances received by Seller in excess of the amount payable by Purchaser for such fiscal year), an amount (the "Earnout Payment") equal to 33.3 percent of the net income before taxes, goodwill amortization and interest expense of Purchaser for such fiscal year from the operation of the Madison, Indiana and Carrollton, Kentucky branch offices acquired by Purchaser pursuant to this Agreement (and any additional offices included pursuant to subsection 2.1.2(c) below). Within 45 days after the end of each fiscal quarter of Purchaser during the Earnout Period Purchaser shall advance to Seller, as refundable advances to be applied against the Earnout Payment that will be owed for the applicable fiscal year, an amount reasonably estimated by Purchaser to be the Earnout Payment amount that will be attributable to such fiscal quarter based on the results of Purchaser's operations during such quarter. (b) Within 100 days after the end of the period beginning November 1, 2001 and ending February 28, 2002 (the "Stub Period"), Purchaser shall pay to Seller an amount equal to 33.3 percent of the net income before taxes, goodwill amortization and interest expense of Purchaser for such Stub Period from the operation of the Madison, Indiana and Carrollton, Kentucky branch offices acquired by Purchaser pursuant to this Agreement (and any additional offices included pursuant to subsection 2.1.2(c) below). (c) For purposes of this Agreement, the "Earnout Territory" means and includes the geographic territory within a 10-mile radius of Seller's office location in Madison, Indiana, and within a 10-mile radius of Seller's office location in Carrollton, Kentucky. Purchaser shall be free to open, close and relocate offices in the Earnout Territory, and ...
Sample 1
Purchase Price and Payment Method. 4.1 Both Parties agree that Party A shall pay Party B a purchase price for the Acquisitions hereunder. On an arm’s-length basis, the two Parties hereby determine the price as XXX 00 per IC Card (including auxiliary software) (the “Purchase Price”). 4.2 Both Parties agree that the two Parties may consult with each other in December each year to adjust the pricing method based on the principle of fair market value. Such new pricing method shall come into force on January 1 of the coming year. 4.3 By the time when placing an order to Party B, Party A shall pay in advance 30% of the Purchase Price for the products and software to be purchased. Party A shall pay off the balance of the Purchase Price within five days after such products or software are sold to its customers by Party A. 4.4 If requested by Party B, Party A shall pay in advance a higher percentage of the Purchase Price.
Sample 1
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Purchase Price and Payment Method. The total purchase price for the Purchased Assets (the "Purchase Price") shall be $850,000.00, and shall be satisfied by Buyer at the Closing by paying to Seller $850,000 by wire transfer of immediately available funds to an account designated in writing by Seller no later than 48 hours prior to the Closing Date.
Sample 1
Purchase Price and Payment Method 
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Related to Purchase Price and Payment Method

  • Purchase Price and Payment The total Purchase Price for the Property is the amount of the successful bid for the Cabin/Home Site at public auction plus the Maximum Value of the Personal Property.

  • Purchase Price and Payment Terms The aggregate purchase price (the “Purchase Price”) shall be Ninety One Million Dollars ($91,000,000), subject to adjustment as provided in Section 1.3 and Section 1.7. Of the Purchase Price, Six Million Nine Hundred Thousand Dollars ($6,900,000) shall be paid by Purchaser’s delivery of 150,000 shares of the common stock, par value $0.001 per share, of Purchaser’s Parent, which shares (the “Purchaser’s Parent Equity”) are valued at Six Million Nine Hundred Thousand Dollars ($6,900,000) (the “Purchaser’s Parent Equity Value”) based upon the price paid by others for similar shares contemporaneously with the Closing. At the Closing, Purchaser shall deliver to Sellers an amount in cash equal to the Purchase Price, minus (i) the Escrow Funds, minus (ii) the aggregate amount of Debt of the Company and its Subsidiaries (disregarding any intercompany Debt) outstanding as of the Closing Date (including any interest, penalties, charges or other fees accrued thereon), minus (iii) Sellers’ Transaction Expenses, minus (iv) the Purchaser’s Parent Equity Value, minus (v) the Off-Balance-Sheet LC Adjustment Amount, all as set forth in the funds flow memorandum attached hereto as Schedule 1.2 (the “Funds Flow Memorandum”) (such amount, the “Closing Cash”). At the Closing, Purchaser shall deliver (w) the Closing Cash by wire transfer of immediately available funds to an account identified by Frost as set forth in the Funds Flow Memorandum, (x) copies of the certificates representing the Purchaser’s Parent Equity to Sellers, (y) the Escrow Funds to the Escrow Agent as contemplated by Section 1.5 below, and (z) to the Company’s lenders and the persons entitled thereto (as shown on the Funds Flow Memorandum) all amounts of the Debt and Sellers’ Transaction Expenses subtracted to determine the Closing Cash. At the Closing, Sellers shall pay and satisfy in full the Excluded Liability set forth in clause (d) of Schedule 1.4.

  • Purchase Price and Payment Date Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • Price and Payment Unless stated otherwise, the Charges are exclusive of value added tax (VAT) or any equivalent sales tax in any applicable jurisdiction. Unless stated otherwise, the Supplier shall invoice for the Charges monthly in arrears and all such invoices shall be accompanied by a statement setting out the Services and/or Goods supplied in the relevant month in sufficient detail to justify the Charges charged. Subject to clause 4.4 below, the British Council shall, unless agreed otherwise by the parties in writing, pay each of the Supplier’s valid and accurate invoices by automated transfer into the Supplier’s nominated bank account no later than 30 days after the invoice is received. Where there is an end client, the British Council shall not be obliged to pay any invoice to the extent that it has not received payment relating to that invoice from the end client. If the British Council fails to pay any sum properly due and payable (other than any sum disputed in good faith) by the due date for payment, the Supplier may charge interest on the amount of any such late payment at the rate of 4% per annum above the official bank rate set from time to time by the Bank of England. Such interest will accrue from the date on which payment was due to the date on which payment is actually made. The parties hereby acknowledge and agree that this rate of interest is a substantial remedy for any late payment of any sum properly due and payable Where the Supplier enters into a Sub-Contract, the Supplier shall: pay any valid invoice received from its subcontractor within 30 days following receipt of the relevant invoice payable under the Sub-Contract; and include in that Sub-Contract a provision requiring the counterparty to that Sub-Contract to include in any Sub-Contract which it awards provisions having the same effect as clause 4.6.1 of this Agreement.

  • Price and Payments 4.1. Prices are as stated in NEVION’s acknowledgement. All quotations are on ex works (factory) terms (as defined in INCOTERMS ®2010) and are exclusive of carriage, insurance, VAT or other charges and duties and also exclude any applicable fees or royalties. The price will include the licence fee for the Customer’s right to use any Software where a software licence is included with the Equipment unless otherwise stated in a quote or licence agreement. 4.2. The Customer is responsible for arranging transport and providing NEVION with timeous transport instructions. 4.3. Unless expressly stated in the order confirmation, receipt of payment in full in cleared funds is a condition precedent to NEVION’s obligation to ship Equipment or supply Services under a Contract. 4.4. Where payment terms require a letter of credit to be issued in favour of NEVION, the Customer shall arrange for an unconditional irrevocable letter of credit to be issued, and if required by NEVION, confirmed, by a first class bank or financial institution approved by NEVION and otherwise on terms as NEVION shall specify. 4.5. Where credit terms have been agreed, should the Customer fail to make payment in full by the due date, without prejudice to any other right or remedy available to NEVION, NEVION may: (a) terminate the Contract or suspend any further deliveries (whether under the same Contract or not) in accordance with condition 11; (b) appropriate any payment made by the Customer as it sees fit; (c) charge a monthly fee of 1.5%; (d) charge storage for any undelivered Equipment at its current rates;

  • Price and Payment Terms 3.1 In consideration of the provision of the Services by Provider as may be requested by the Trust pursuant to a SOW, and subject to the terms of this Agreement, the Trust will pay Provider the Agreement Amount or Fees set forth in each SOW for the Services expressly authorized in each such SOW. 3.2 Where the Services are provided on a time and materials basis, the fees payable for the Services shall be calculated in accordance with Provider's fee rates for the Provider Personnel set forth in the applicable SOW and Provider shall issue invoices to the Trust monthly in arrears for its fees for time for the immediately preceding month, together with a detailed breakdown of allowable expenses for such month incurred in accordance with this Agreement. The parties agree that after the initial 12 months of the Term, for Services provided on a time and materials basis, Provider may increase its standard fee rates specified in the applicable SOW upon written notice to the Trust; provided, that: Provider provides the Trust written notice of such increase at least 90 days prior to the effective date of such increase; such increases occur no more frequently than once per contract year of the Term; and the amount of such increase shall not exceed the lesser of: (a) the percentage rate of increase for the immediately preceding 12-month period in the Consumer Price Index, All Urban Consumers, United States, All Items (1982 - 1984 = 100), as published by the Bureau of Labor Statistics of the United States Department of Labor or, if such index is not available, such other index as the parties may agree most closely resembles such index; or (b) three percent (3%). 3.3 Where Services are provided for a fixed Agreement Amount, the total fees for the Services shall be the amount set out in the applicable SOW. The total Agreement Amount shall be paid to Provider in installments, as set out in the SOW, with each installment being conditional on Provider achieving the corresponding Project Milestone. On achieving a Project Milestone in respect of which an installment is due, Provider shall issue invoices to the Trust for the fees that are then payable, together with a detailed breakdown of allowable expenses incurred in accordance with this Agreement. 3.4 The Agreement Amount or Fees shall be payable in accordance with the Price and Payment Terms set forth in each SOW for the Services expressly authorized in each such SOW. The Trust’s obligation to make payments or disbursements to Provider is conditioned on the following: Provider is not in breach of any of the terms or conditions of this Agreement; Provider has submitted properly documented reimbursement requests and invoices; Provider has produced or provided all necessary documents and reports as may be required by this Agreement; The Services are performed pursuant to an SOW issued and executed by the Trust; The Services are performed fully in accordance with the SOW and this Agreement. 3.5 The Trust will not reimburse Provider for any cost or expense that is contrary to this Agreement or any restriction or limitation contained in any applicable law, rule, regulation or policy. 3.6 Provider shall ensure that all prices, terms, and warranties included in this Agreement are comparable to, or better than, the equivalent terms being offered by the Provider to any present customer meeting the same qualifications or requirements as the Trust. 3.7 By submitting any invoice or request for reimbursement, Provider is representing that the Services or costs identified in the invoice or request for reimbursement are within the approved SOW, and that such costs and expenses are allowable, allocable, and reasonable in accordance with this Agreement and all applicable laws, rules, regulations, and policies. 3.8 By paying all or a portion of any invoice or request for reimbursement, the Trust does not waive its ability to challenge any invoice or reimbursement for failing to comply with this Agreement.

  • Contract Price and Payment In consideration of the Contractor's due and proper performance of its obligations under the Contract, the Contractor may charge the Authority or, as the case may be, any Beneficiary the Contract Price in accordance with this Clause 6. The only sums payable by the Authority or any Beneficiary to the Contractor for the provision of the Services shall be the Contract Price. All other costs, charges, fees and expenses of whatever kind arising out of or in connection with the Contract shall be the responsibility of the Contractor. In accordance with the Contract, where the Contractor is required to provide Deliverables, the Authority or any Beneficiary shall be entitled to withhold payment of the Contract Price pending receipt and acceptance of the Deliverables in accordance with the Specification. Unless otherwise agreed in writing by the Authority or any Beneficiary and the Contractor, within 15 days of the end of each calendar month, the Contractor shall invoice the Authority or, as the case may be, any Beneficiary for any Services provided by the Contractor in that calendar month. Such invoice shall be rendered on the Contractor's own invoice form clearly marked with the Authority’s or the Beneficiary's order number (if any). Invoices must show the period to which they relate and the aspects of the Services for which payment is claimed together with the agreed charging rates and any other details the Authority or the Beneficiary may require. Failure to provide such information will entitle the Authority or the Beneficiary to delay payment of the Contract Price until such information is provided. Subject to Clauses 6.3 and 6.6, the Authority or any Beneficiary shall pay any invoice submitted by the Contractor in accordance with Clause 6.4 within 30 days of receipt by the Authority or the Beneficiary of such invoice. The Authority or the Beneficiary shall pay such invoice(s) by BACS (Bank Automated Clearing System) if it so chooses or any alternate means as agreed between the Authority or the Beneficiary and the Contractor. The Authority and any Beneficiary shall be entitled to deduct from any monies due or to become due to the Contractor any monies owing to the Authority or the Beneficiary from the Contractor. Where the performance of the Contractor does not meet the required standard then a deduction as set out in the Specification or as agreed by the Parties may be made. Except where otherwise stated in the Order, the Contract Price is exclusive of VAT which shall be payable, if applicable, by the Authority or any Beneficiary in addition to such Contract Price. The invoice provided to the Authority or any Beneficiary by the Contractor in accordance with Clause 6.4 shall show the VAT calculations separately. The Contractor will keep accurate books and records in relation to the provision of the Services in accordance with sound and prudent financial management. All such books and records shall be made available to the Authority at regular intervals of not less than quarterly. In the event of the Authority or any Beneficiary breaching Clause 6.5, the Contractor shall be entitled to charge interest on the outstanding amount owed by the Authority or such Beneficiary in accordance with the Late Payment of Commercial Debts (Interest) Act 1998. Subject to Clauses 6.12 and 6.13, the Contract Price shall not be subject to any increase whatsoever by the Contractor during the Contract Period. In the event that the Contract is varied under Clauses 22 or 23 in such a way as to affect the Contract Price and if agreement between the Parties cannot be reached on the adjustment to the Contract Price within 3 months both Parties shall jointly act to resolve the dispute in accordance with Clause 24. If the adjusted Contract Price is not so agreed or certified until after such variation has taken effect, the Authority or any Beneficiary shall continue to pay the Contractor at the rate current prior to the variation but shall pay to the Contractor or be entitled to recover from the Contractor as the case may be such sum if any as is equal to the difference between the amount which should have been paid in accordance with the adjusted Contract Price and the amount which was actually paid. In the event that the Contract ends or is terminated otherwise than at the end of a complete year, the sum payable by the Authority or any Beneficiary under Clause 6 shall be one twelfth of the annual sum which would otherwise have been payable for the complete year for each completed month.

  • Purchase Price and Method of Payment The purchase price for the Property is Sixteen Million Five Hundred Thousand DOLLARS and No CENTS ($16,500,000.00) adjusted, if required, as provided in Sections 5 and 14 and payable as follows: (a) Two Hundred Fifty Thousand DOLLARS and No CENTS ($250,000.00) xxxxxxx money deposit (the “First Xxxxxxx Money Deposit”) paid by Buyer to Xxxxxx & Xxxxx LLC (the “Escrow Agent”) within five (5) business days following receipt, by Buyer, of a copy of this Contract dated and signed by Seller. The First Xxxxxxx Money Deposit shall be held in trust by the Escrow Agent subject to such agent’s standard form of escrow agreement (the “Escrow Agreement”) which Seller and Buyer shall join in and execute and disbursed as set forth below. (b) Seven Hundred Fifty Thousand DOLLARS and No CENTS ($750,000.00) xxxxxxx money deposit (the “Second Xxxxxxx Money Deposit”) (collectively the First Xxxxxxx Money Deposit and the Second Xxxxxxx Money Deposit are referred to herein as the “Xxxxxxx Money Deposits” and are to be held pursuant to the terms of the Escrow Agreement) paid by Buyer to the Escrow Agent within three (3) business days following the expiration of the Inspection Period (as hereinafter defined) in the event Buyer elects not to terminate this Contract by written notice to Seller prior to expiration of the Inspection Period. (c) The balance of Fifteen Million Five Hundred Thousand DOLLARS and No CENTS ($15,500,000.00) shall be payable in cash, by completed bank wire transfer of federal funds to an account designated by Seller, or by way of a cashier’s check issued by a state or national banking institution located in Orange County, Florida, it being understood that the precise amount of cash payable at closing to complete payment of the cash portion of the purchase price may vary depending upon the applicable adjustments and prorations, including, but not limited to, the adjustment to the purchase price pursuant to Sections 5 and 14 below.

  • Notice and Payment A. Any notice required to be given under this Agreement shall be in writing and delivered personally to the other designated party at the above stated address or mailed by certified, registered or Express mail, return receipt requested or by Federal Express. B. Either party may change the address to which notice or payment is to be sent by written notice to the other under any provision of this paragraph.

  • INVOICE AND PAYMENT A. Grantee will request payment using the State of Texas Purchase Voucher (Form B-13) on a monthly basis and acceptable supporting documentation for reimbursement of the required services/deliverables. Additionally, the Grantee will submit the Financial Status Report (FSR-269A) and the Match Certification Form (B-13A). Vouchers, supporting documentation, Financial Status Reports, and Match Certification Forms should be mailed or emailed to the addresses below. Department of State Health Services Claims Processing Unit, MC 1940 0000 Xxxx 00xx Xxxxxx P.O. Box 149347 Austin, TX 00000-0000 FAX: (000) 000-0000 EMAIL: xxxxxxxx@xxxx.xxxxx.xxx, Xxx.xxxxxxxxxxxxxx@xxxx.xxxxx.xxx & XXXXxxxxxxx@xxxx.xxxxx.xxx B-13, B-13A, and supporting documentation should be sent to: xxxxxxxx@xxxx.xxxxx.xxx, Xxx.xxxxxxxxxxxxxx@xxxx.xxxxx.xxx & XXXXxxxxxxx@xxxx.xxxxx.xxx FSRs should be sent to: xxxxxxxx@xxxx.xxxxx.xxx, Xxx.xxxxxxxxxxxxxx@xxxx.xxxxx.xxx, XXXXxxxxx@xxxx.xxxxx.xxx & XXXXxxxxxxx@xxxx.xxxxx.xxx B. Grantee will be paid on a monthly basis and in accordance with Attachment B, Budget. C. System Agency reserves the right, where allowed by legal authority, to redirect funds in the event of financial shortfalls. System Agency will monitor Xxxxxxx’s expenditures on a quarterly basis. If expenditures are below that projected in Grantee’s total Contract amount, Xxxxxxx’s budget may be subject to a decrease for the remainder of the Term of the Contract. Vacant positions existing after ninety days may result in a decrease in funds. X. Xxxxxxx may request a one-time working capital advance not to exceed 12% of the total amount of the Contract funded by System Agency. All advances must be expended by the end of the Contract term. Advances not expended by the end of the Contract term must be refunded to System Agency. X. Xxxxxxx will repay all or part of advance funds at any time during the Contract’s term. However, if the advance has not been repaid prior to the last three months of the Contract term, the Grantee must deduct at least one-third of the remaining advance from each of the last three months’ reimbursement requests. If the advance is not repaid prior to the last three months of the Contract term, System Agency will reduce the reimbursement request by one- third of the remaining balance of the advance.

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