Reimbursement Calculation Clause Samples
The Reimbursement Calculation clause defines the method and criteria for determining the amount one party must repay to another under the agreement. Typically, this involves specifying eligible expenses, the documentation required for proof, and the timeline for submitting reimbursement requests. By clearly outlining how reimbursements are calculated and processed, this clause ensures transparency and helps prevent disputes over payment amounts or qualifying costs.
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Reimbursement Calculation. The increment of the Project Cost which is subject to reimbursement (the "Reimbursable Cost") shall be calculated proportionately to the total number of units approved for service by the Utilities. The City has approved a total of 375 units, which are distributed among the three current land owners as follows: LB Moab Land – 255 Units Sand Flats Development – 25 Units ▇▇▇▇▇▇▇ – 100 Units Notwithstanding the foregoing, in the event Sand Flats or ▇▇▇▇▇▇▇ are approved for additional density above the amounts set forth above, then each such party shall be solely responsible for the cost to increase the capacity of the Line Extensions accordingly.
Reimbursement Calculation. Riding Parties agree to share transportation costs and motel/hotel costs with the Transporting Party on a per student basis, to be calculated as follow: Roundtrip mileage x $.50 per mile Layover rate - $14.18 per hour Pre and post trip rate - $21.70 per hour Per diem $23.00 per day – 6 hour period Fuel at Roundtrip Mileage / 6 MPG x Current Price of Fuel Total cost will then be allocated to the riding party based upon the 5 of ridership for the specific trip. An invoice will be generated and sent to each participating District within 5 working days subsequent to the trip. (Example – trip to Missoula on a Kalispell bus with 20 Kalispell students and 10 Columbia Falls students with 4 hours of layover time, and 5 MPG at $3.75 per gallon) (240 x .50) + ($14.18 x 4) + ($23 per diem) + ($21.70 x 1.5) + (240/6 x $5.00) = $432.27 x 33% ridership rate = $142.64
Reimbursement Calculation