Reconciliation Amount Sample Clauses

Reconciliation Amount. If and only if the actual usage during the previous Month was in excess of the Pre-Xxxx Amount from the previous month’s Invoice then the Reconciliation Amount is calculated by the following formula: previous month’s actual EUC times the previous months rate minus previous month’s Pre Xxxx Amount.
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Reconciliation Amount. As defined in Section 3.1(d) of this Agreement.
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Reconciliation Amount. 10.1 At any time between 20 and 40 Business Days after the end of each Service Year, Council’s Representative will carry out a reconciliation of the Fees and other amounts paid against the Services provided, the Delivered Material delivered to the Disposal Facility and the Service Prices.
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Reconciliation Amount. At the end of each three-month anniversary during the Term, beginning on the Effective Date, CRD shall calculate the “Reconciliation Amount” as follows: Revenues (as such term is defined in the Employment Agreement), if any, up to, but not in excess of $525,000, plus the Remainder, if any, minus $600,000. By way of example only, if Revenues equal $525,000 and the Remainder equals $800,000, then the Reconciliation Amount shall equal $725,000 ((525,000 + 800,000 = 1,325,000) – 600,000 = 725,000). In the event that the Reconciliation Amount is a negative number, it shall be deemed to be $0 for purposes of this Agreement. Notwithstanding the foregoing, the Parties acknowledge and agree that the Bonus (as such term is defined in the Employment Agreement) is not factored into the calculation of the Reconciliation Amount. In the event that the Employment Agreement is terminated, CRD shall no longer calculate the Reconciliation Amount but shall remit the Remainder to Noor in accordance with the terms of Section 3.2(b) above. Any account amount not paid within ninety (90) days of the billing date shall be deducted in computing the Remainder and added back if later collected.
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Reconciliation Amount. If the Actual MLR is greater than or equal to 85.0%, then: There is no Gain Share Reconciliation If the Actual MLR is greater than or equal to 83.0% but less than 85.0%, then: Aetna retains the 2% corridor; there is no gain sharing with Shelby County Government If the Actual MLR < 83.0%, then: Aetna refunds to Shelby County Government: • 100% of the difference betweenthe 83% and the Actual MCR The incurred Medical Loss Ratio (MLR) will be determined as follows: [Claims + Quality Improvement Expense + Fraud & Abuse Expense] [CMS Revenue + Supplemental Premium] The schedule below will apply to these reconciliations, subject to change due to any extenuating or unforeseen circumstances regarding the timing of CMS reimbursement which may materially affect a refund or amount due, for example, CMS Risk Adjustment Data Validation (RADV) Audits. If CMS retroactively adjusts revenues paid to Aetna with respect to Shelby County Government’s Medicare Advantage coverage, impacting the total revenue used in any of Aetna’s reconciliations (either preliminary or final), Aetna reserves the right to provide a revised reconciliation based on corrected CMS revenue data, and Shelby County Government shall reimburse Aetna in an amount necessary to reflect the correction to the reconciliation. Such amounts shall be paid within 90 days of receipt of the reconciliation. The maximum liability of Shelby County Government is limited to the value of refunds paid. Any gain share due to Shelby County Government will be refunded to Shelby County Government based on the schedule shown below. No interest will accrue on any such balances. Upon termination or non-renewal of the agreement with Shelby County Government, any remaining unused premium credits will be retained by Aetna.
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Reconciliation Amount. 4.6.1 For each Refund Period during the Term, the Reconciliation Amount is to be calculated as a monetary amount using the following formula: Reconciliation Amount = (RPRP x PRRP x (1 –R%)) – CRSRP Where: (a) RPRP is the Relevant Proportion for that Refund Period; (b) PRRP is the Processing Refund the MRF Operator received from the Scheme Coordinator for that Refund Period; (c) R% is the Refund %; and (d) CRSRP is the total amount of Council’s Refund Share that has been paid to Council in respect of that Refund Period. 4.6.2 If the Reconciliation Amount is:
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Reconciliation Amount. Beginning in November of 2019, and each year thereafter, East Lyme’s Superintendent of Schools, or his designee, shall compare the expenses reported on the ED001 submission, using the same methodology as described in section 4.3, to determine East Lyme High School’s actual per student expenses for the prior year, plus the applicable Services Surcharge for that year, as described in Section 4.6., with the Base Rate charged Salem for that year. At the same time, a reconciliation of the Special Education Rate will be based on actual expenses of providing special education at East Lyme High School, consistent with the methodology described in section 4.5, plus the applicable Services Surcharge for that year, as described in Section 4.6. The difference between total payments actually made by Salem for Base Rate and Special Education Rate with the applicable Services Surcharge for that year, and the total actual costs for all Salem students attending East Lyme, based on calculated costs per student for all regular and special education students with the applicable Services Surcharge for that year, shall be divided by 10, and shall be the monthly Reconciliation Amount to adjust the payments in the following school year.
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Reconciliation Amount 
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Related to Reconciliation Amount

  • Reconciliation and Final Payment Seller and Buyer shall reasonably cooperate after Closing to make a final determination of the allocations and prorations required under this Contract within one hundred eighty (180) days after the Closing Date. Upon the final reconciliation of the allocations and prorations under this Section, the party which owes the other party any sums hereunder shall pay such party such sums within ten (10) days after the reconciliation of such sums. The obligations to calculate such prorations, make such reconciliations and pay any such sums shall survive the Closing.

  • Reconciliation In the event that the Corporate Taxpayer and a Member are unable to resolve a disagreement with respect to the matters governed by Sections 2.03, 3.01(b), 4.02 and 6.02 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to both parties. The Expert shall be a partner or principal in a nationally recognized accounting or law firm, and unless the Corporate Taxpayer and such Member agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with the Corporate Taxpayer or such Member or other actual or potential conflict of interest. If the parties are unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the Expert shall be appointed by the International Chamber of Commerce Centre for Expertise. The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within thirty (30) calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within fifteen (15) calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be borne by the Corporate Taxpayer, except as provided in the next sentence. The Corporate Taxpayer and such Member shall bear their own costs and expenses of such proceeding, unless (i) the Expert substantially adopts such Member’s position, in which case the Corporate Taxpayer shall reimburse such Member for any reasonable out-of-pocket costs and expenses in such proceeding, or (ii) the Expert substantially adopts the Corporate Taxpayer’s position, in which case such Member shall reimburse the Corporate Taxpayer for any reasonable out-of-pocket costs and expenses in such proceeding. Any dispute as to whether a dispute is a Reconciliation Dispute within the meaning of this Section 7.09 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.09 shall be binding on the Corporate Taxpayer and such Member and may be entered and enforced in any court having jurisdiction.

  • Account Reconciliation You will verify and reconcile any out-of-balance condition, and promptly notify the Credit Union of any errors within the time periods established in the Membership and Account Agreement after receipt of your account statement. If notified within such period, the Credit Union shall correct and resubmit all erroneous files, reports, and other data at the Credit Union's then standard charges, or at no charge, if the erroneous report or other data directly resulted from the Credit Union's error.

  • Interest Rates Payments and Calculations (a) Interest Rate. Except as set forth in Section 2.3(b), or as ------------- specified to the contrary in any Loan Document, any Advances under this Exim Agreement shall bear interest, on the average daily balance, at a rate equal to the Prime Rate per annum.

  • Reconciliations On a daily basis, Subadviser shall review reports of the Account's portfolio holdings as provided to Subadviser by the Custodian and shall report as promptly as possible on the same business day to the Custodian and to Client any discrepancies between the prices assigned to the securities in the Account and the prices that Subadviser believes should be assigned to them. On an ongoing basis, Subadviser shall monitor market developments for significant events occurring after the close of the primary markets for particular securities held by the Account that may materially affect their value, and shall promptly notify Client of any such event that comes to Subadviser's attention. On a monthly basis, Subadviser shall reconcile security and cash positions, and market values to the Custodian's records and report discrepancies to Client within ten (10) business days after the end of the month, or within three (3) business days of receipt of the custodial statement, whichever comes later.

  • Annual Reconciliation As soon as practicable after the end of each calendar year, Landlord shall prepare and forward to Tenant a statement of the actual Operating Expenses and Common Area Maintenance Expenses for such year. If the total amount Tenant actually paid for estimated Operating Expenses and Common Area Maintenance Expenses is less than Tenant’s Proportionate Share of the Building of the actual Operating Expenses, and Tenant’s Proportionate Share of Common Area Expenses, Tenant shall pay to Landlord as Additional Rent, in one lump sum, the difference between the total amount actually paid by Tenant and the amount Tenant should have paid pursuant to subparagraph (b)(2) above; this lump sum payment shall be made within thirty (30) days of receipt of Landlord’s xxxx therefor; or if the total amount Tenant actually paid for such estimated Operating Expenses and Common Area Maintenance Expenses is more than Tenant’s Proportionate Share of the actual amounts of the expenses, then Landlord shall remit the excess to Tenant within thirty (30) days of making such determination. Tenant’s obligation to pay any increase due over the prior year’s actual Operating Expenses (excluding utilities and snow removal which shall not be subject to the cap), for any calendar year shall be limited to a per annum cumulative increase of five percent (5%), compounded annually. Increases in Taxes and Insurance, set forth in paragraph 4(c) shall not be subject to any limit or “cap”. By way of example only, if the portion of Operating Expenses which is subject to the foregoing limitation (collectively, “Controllable Operating Expenses”) shall be equal to $5.00 per rentable square foot in calendar year 2004, Tenant’s Proportionate Share of those Controllable Operating Expenses may not exceed $5.25 in calendar year 2005, Further, if Tenant’s Proportionate Share of those Controllable Operating Expenses in 2005 equals $5.20 per rentable square foot, then Tenant’s Proportionate Share of Controllable Operating Expenses in 2006 shall not exceed $5.56 (i.e., $5.25 x 1.05 + the cumulative carry forward of $.05 since Tenant’s Proportionate Share of those Controllable Operating Expenses in 2005 was $.05 less than the applicable cap).

  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

  • INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report. 10.2 The State expects to incur the following types of interest calculation costs: Costs of calculating interest, including the cost of developing and maintaining clearance patterns in support of interest calculations. 10.3 The State shall submit all claims for reimbursement of interest calculation costs with its Annual Report in accordance with 31 CFR 205.

  • Contract Reconciliation Grantee, within 45 calendar days after the end of each fiscal term year, will submit to the System Agency email box, XxxxxxxxxXxxxx.Xxxxxxxxx@xxxx.xxxxx.xx.xx, financial and reconciliation reports required by System Agency in forms as determined by System Agency.

  • Reimbursement Amount Except for the metropolitan areas listed below, the maximum reimbursement for meals including tax and gratuity, shall be: Breakfast $ 9.00 Lunch $11.00 Dinner $16.00 For the following metropolitan areas the maximum reimbursement shall be: Breakfast $11.00 Lunch $13.00 Dinner $20.00 The metropolitan areas are: Atlanta Boston Cleveland Denver Hartford Kansas City Miami New York City Portland, OR San Francisco St. Louis Baltimore Chicago Dallas/Fort Worth Detroit Houston Los Angeles New Orleans Philadelphia San Diego Seattle Washington D.C. See Appendix L for details related to the boundaries of the above-mentioned metropolitan areas. The metropolitan areas also include any location outside the forty-eight (48) contiguous United States. Employees who meet the eligibility requirements for two (2) or more consecutive meals shall be reimbursed for the actual costs of the meals up to the combined maximum reimbursement amount for the eligible meals.

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