Quarterly Reconciliation. On a quarterly basis, Subrecipient will reconcile, review, and report the status of ITA funding activities with Training Providers to the County of Orange. A tracking form will be provided by the County of Orange. ITA processing will be the direct responsibility of the Subrecipient from July 1, 2024 through June 30, 2025.
Quarterly Reconciliation. Exxaro shall at the end of each quarter, reconcile the monthly invoices issued against the Services provided for the preceding quarter, so as to ensure the accuracy of the invoices issued in such period. To the extent that Tronox has been overcharged or undercharged for the provision of any Service, Exxaro shall reflect such sum as to Tronox’s credit or debit (as the case may be) in the following monthly invoice issued in terms of clause 9.2. Such figure shall be reflected clearly as a separate line item on the invoice as either a debit or credit with a brief explanation for the inclusion (“adjustment amount”). As regards credit amounts, Tronox shall pay the difference between the amount charged for Services under the monthly invoice and the amount reflected to its credit. Where an additional amount is indicated as a debit, Tronox shall pay the sum of the two figures. No interest shall be included in or levied on an adjustment amount.
Quarterly Reconciliation. Within * after the close of each Contract Quarter, the parties shall calculate the extent to which the * for such Contract Quarter exceeds or is below the Transfer Price paid by Wyeth for the Units used in calculating * with respect to such Contract Quarter. A reconciling adjustment which equals * shall be made and paid by the appropriate party within * thereafter.
Quarterly Reconciliation. Within thirty-(30) days of the last day of each calendar quarter, a quarterly reconciliation shall be calculated by multiplying the total number of kgs purchased by Reliant in such quarter by the cost/kg in the relevant Tier in Exhibit B, and subtracting such amounts invoiced Reliant during such quarter (the difference is the “the Quarterly Payment”). If the Quarterly Payment Amount is less than zero ($0.00), ASL shall credit Reliant that entire amount by way of a volume rebate in Kgs in the next invoice to Reliant for purchases.
Quarterly Reconciliation. For the purposes of calculating the Retail Brand and Retail Generic 4 Effective Rate Discount Guarantee, the aggregate guarantee will be calculated as below separately for 5 the MSN Program and the BHS Program: Amounts in the formula below will be calculated as of the 6 adjudication date for each claim and reported each quarter. The second through fourth quarters will also 7 include year-to-date calculations reported in a Quarterly Savings Calculations Report
Quarterly Reconciliation. In accordance with the delivery schedule determined pursuant to Section 4(b) above, Akcea will provide Ionis with a written report (the “Reconciliation Report”) for each of inotersen and IONIS-TTR-LRx. Each Reconciliation Report will set forth in a format to be agreed-upon by the Parties, the calculations of any Net Profit (or Loss) and each Party’s share of such Net Profit (or Loss), in each case, for inotersen and for IONIS-TTR-LRx. Such Reconciliation Report will include for the applicable Product the (i) total Net Revenue, (ii) total Net Sales (including in reasonable detail the deductions and allowances allowed in the calculation of Net Sales), (iii) the Expenses incurred by each Party, broken down by each cost category included in the definition of Expenses, (iv) total Net Profit (or Loss), and (v) the net payment due from one Party to the other Party such that the Parties share the Net Profit (or Loss) for the applicable Product in accordance with the then-applicable Profit/Loss Ratio. For clarity, in the event any expense falls within more than one expense category within the definition of Expenses, such expense will only be counted once in the calculation of Expenses and Net Profit (or Loss) in the manner each Party records expenses on its own books according to GAAP.
Quarterly Reconciliation. Licensor shall reconcile accounts each Quarterly Period and shall pay the Revenue Sharing Payment, Agency Payment, and Samsung Payment within one month following the end of the Quarterly Period. [TO FACILITATE TRANSACTING SUCH PAYMENTS, LICENSOR SHALL KEEP ACCOUNTING RECORDS ACCORDING TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES TO DOCUMENT ALL REVENUES OF LICENSOR AND TO ALLOCATE GROSS REVENUES AMONG REVENUES GENERATED WITH THE LICENSED SOFTWARE AND OTHER GROSS REVENUES.] Customer or its authorized agent or representative shall have the right, at its expense and upon at least forty-five (45) business days written notice to Licensor and during Licensor's normal business hours and no more often than once during any twelve (12) month period, to enter Licensor's premises for purposes of auditing all books of account, documents, records, papers, and files, whether in printed or electronic form, relating to Licensor's revenues from the Licensed Software, and Licensor shall make all such items available to Customer or its authorized agent or representative for that purpose. If such audit reveals that sufficient payments have not been paid by Licensor, then Licensor shall pay any additional amount found to be owed to Customer. Customer shall bear the expense of any such audit unless such audit reveals that the payments actually paid by Customer in any twelve (12) month period are less than what should have been paid to Customer by an amount greater than five percent (5%) of the amount actually paid, in which event the costs of such audit shall be borne by Licensor.
Quarterly Reconciliation. On a calendar quarterly basis after the end of each calendar quarter, each Party’s actual share of Operating Profit (Loss) will be calculated and reconciled as follows: the forecasted Actual Sales for the Licensed Product in the Profit Share Territory for the then current calendar year will be adjusted based on the actual sales booked for the recently-completed calendar quarter and the forecasted Actual Sales for all remaining calendar quarters. Then, each Party’s share of cumulative Operating Profit (Loss) for all of the completed calendar quarter(s) for such calendar year will be determined using a weighted average based on such newly-calculated forecasted Actual Sales and the actual Operating Profit (Loss) for all such completed calendar quarter(s) for such calendar year. The payment to be made by one Party to the other Party for such recently-completed calendar quarter shall reflect such reconciliation, so that each Party will receive its share of then-current cumulative Operating Profit (Loss). This calculation is illustrated by the example in Exhibit A.
Quarterly Reconciliation. Once every calendar quarter, or more frequently upon the mutual agreement of the parties, the parties shall meet, either in person or via teleconference, to reconcile and verify the accuracy of all payments or charges due in the previous calendar quarter, and otherwise discuss each party's performance pursuant to this Agreement.
Quarterly Reconciliation. Within ten (10) days after the end of each fiscal quarter (which shall be March 31st, June 30th, September 30th and December 31st of each calendar year), except for the fiscal quarter coinciding with the Authority’s fiscal year-end, and within thirty (30) days after the Authority’s fiscal year-end, the Authority shall provide to the City a detailed reconciliation of the actual out-of-pocket costs and expenses incurred by the Authority in the performance of the Services for such fiscal quarter based on the actual number of Streetlights serviced. If the reconciliation discloses an overpayment by the City for the previous fiscal quarter, the Authority shall credit the difference to the City against the next amounts that may become due under this Agreement. If the reconciliation shows an underpayment by the City for the previous fiscal quarter, the City shall remit the difference to the Authority within fifteen (15) business days of such reconciliation pursuant to the procedures set forth in Section 5.1.1; provided, however, that, in no event, shall the City be obligated to pay more in any given year than $8,024,000, excluding any payments for Extraordinary Maintenance. In no event shall the Authority perform any Services under this Agreement once the cumulative costs for a given year submitted by the Authority in the Quarterly Statements for such one year period equal the Annual Cap Amount unless the City has agreed in writing to pay the Authority for such costs above the Annual Cap Amount pursuant to the payment procedure set forth in this Agreement or the Authority has otherwise has identified and earmarked available sources of revenue to pay for those Services in excess of the Annual Cap Amount. In the event that the City determines that it, in good faith, believes that the reconciliation does not fully and accurately set out the actual out-of-pocket expenses of the Authority that the City is responsible to reimburse pursuant to this Agreement, it shall provide notice to the Authority within fifteen
