Settlement and Reconciliation Sample Clauses

Settlement and Reconciliation. NYSERDA shall calculate LSE’s Annual Tier 2 Obligation Amount for each Compliance Year. Should the amount paid by the LSE in a Compliance Year exceed the Annual Tier 2 Obligation Amount for the same Compliance Year, NYSERDA shall make payment to LSE in an amount equaling the overpayment. Should the amount paid by the LSE in a Compliance Year be less than the Annual Tier 2 REC Obligation Amount in the Compliance Year, LSE shall make a payment of the difference between the amounts actually paid to NYSERDA and the Annual Tier 2 REC Obligation Amount. LSE and NYSERDA agree that, on a timely basis the Annual Tier 2 Obligation Amount and the total aggregated payments to NYSERDA hereunder shall be reconciled pursuant to the Tier 2 Order, reflecting the actual load served by LSE during the applicable Compliance Year.
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Settlement and Reconciliation. (a) The daily collection settlement and reconciliation processing for FPX and DNOB will be done at every COB and will be deposited to the Merchant’s banking account on the next Business Day (UTC+08:00 Kuala Lumpur) anytime between 06:00 – 16:59 excluding Friday, Saturday, Sunday, Public Holidays and Special Holidays. All settlement to the Merchant’s account will only be done on business days for example Friday, Saturday and Sunday collection will only be deposited to the Merchant’s account on Monday. (b) Swittle will not be held liable from any delays due to the Financial Institution policy or unforeseen problems at the Financial Institution stage. (c) The Merchant hereby agrees to ensure that the Merchant’s banking details remain accurate. If there is a failure of settlement for a period of time due to incorrect information of the banking details provided by the Merchant, the Merchant agrees that Xxxxxxx is entitled to hold all payments made to the Merchant and charge fees for remedying the situation.
Sample 1
Settlement and Reconciliation i. The Contractor is responsible for the settlement and reconciliation review of accounts. ii. If the Contractor determines that an account has a negative balance, the Contractor may determine how and when the account will post from recurring deposits and identify liability for write-offs and referrals to the fraud division or criminal authorities, as applicable. 1) Subject to Visa & Mastercard Rules, Cardholders and merchants will have 120 days to reconcile disputes or claims for services provided to the Cardholder. Accounts will remain in negative balance condition until one of these following conditions occur: a. Adjustments to disputes or merchant re-presentments are posted to the account; b. Return of funds from ATM over dispersing of funds, within 48 hours; c. New deposits are posted to the account to cover the negative condition; d. Unauthorized transactions have been identified, and the Contractor conducts a write-off under provisions of Regulation E (available here: xxxxx://xxx.xxxxxxxxxxxxxx.xxx/bankinforeg/regecg.htm) making the cardholder account whole; e. Criminal actions are taken against the Cardholder for fraudulent activities, misuse of the card and/or when the Cardholder has acted in bad faith; or f. Death, incapacity, or incarceration of a Cardholder and the account is closed because collections cannot be performed. iii. It is the Contractor’s responsibility to defer collections of negative balances with Cardholders in any cases where the Cardholder has acted in good faith, where adjustments to the account will be made whole with the closure of a dispute, where merchant error has caused the condition and where the timeframe for investigating a claim is elongated waiting on feedback from merchant paperwork or Visa/Mastercard arbitration. iv. The Contractor should have a method for the Agency to pull back funds that were sent in error to debit cards that have not been activated and activated cards for the following scenarios (at a minimum, but not limited to): 1) Deceased Cardholder 2) Incarcerated Cardholder 3) Change of Custody in Child Support Case
Sample 1
Settlement and Reconciliation. On or before June 1, 2018, NYSERDA will reconcile the Actual REC Quantity with the aggregate amount of REC Certificate Quantities contained in Agreements for the Sale of Renewable Energy Certificates with the LSEs, and with the LSE’s actual compliance obligation for the 2017 Compliance Year. If the Actual REC Quantity is insufficient to satisfy the REC Certificate Quantity contained herein, NYSERDA shall notify Buyer in writing on or before June 1, 2018 of the adjusted Quantity of REC Certificates Delivered and shall refund to Buyer by check a proration of the projected purchase price. If the Actual REC Quantity exceeds the aggregate amount of REC Certificate Quantities contained in Agreements for the Sale of Renewable Energy Certificates with the LSEs. NYSERDA may make additional REC Certificates available for purchase.
Sample 1
Settlement and Reconciliation. NYSERDA shall calculate LSE’s Annual ZEC Obligation Amount for each Compliance Year. Should the amount paid by the LSE in a Compliance Year exceed the Annual ZEC Obligation Amount for the same Compliance Year, NYSERDA shall make payment to LSE in an amount equaling the overpayment, inclusive of the administrative adder, if any. Should the amount paid by the LSE in a Compliance Year be less than the Annual ZEC Obligation Amount in the Compliance Year, LSE shall make a payment of the difference between the amounts actually paid to NYSERDA and the Annual ZEC Obligation Amount. LSE and NYSERDA agree that, on a timely basis the Annual ZEC Obligation Amount and the total aggregated payments to NYSERDA hereunder shall be reconciled pursuant to the ZEC Implementation Plan,4 reflecting the actual load served by LSE during the applicable Compliance Year.
Sample 1
Settlement and Reconciliation. Corporate Actions - Tax Reporting and Compliance - NSCC Support - Management Company and Broker/Dealer Support - Asset Allocation Processing for all distribution channels ADDITIONAL TRANSFER AGENCY FEES: - NSCC charges - Banking fees - Standard out-of-pocket expenses VALUE ADDED TRANSFER AGENCY SERVICES:
Sample 1
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Settlement and Reconciliation. (a) In the event the Actual ZEC Quantity is less than 27,618,000 (the ZEC Cap), NYSERDA shall notify Buyer in writing on or before June 1, 2018 of the Actual ZEC Quantity to be Delivered. NYSERDA shall calculate the LSE’s actual compliance obligation for the 2017 Compliance Year, and should the amount paid by the LSE exceed the amount necessary to fulfill the LSE’s actual compliance obligation for the compliance period beginning April 1, 2017, NYSERDA shall refund to Buyer by check a proration of the projected purchase price, inclusive of the administrative (b) Regardless of the Actual ZEC Quantity, Buyer and Seller agree that, on a timely basis the ZEC Purchase Quantity and the total purchase price paid hereunder shall be reconciled pursuant to the CES Order, reflecting the actual load served by Buyer during the applicable compliance period.
Sample 1

Related to Settlement and Reconciliation

  • 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.

  • On Reconciliation and Settlement If the year-end reconciliation and settlement process demonstrates that the HSP received Funding in excess of its confirmed funds, the LHIN will require the repayment of the excess Funding.

  • 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.

  • 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).

  • Reconciliation of Accounts Any reconciliation of Accounts performed by any party hereto, or any Subservicer or Subcontractor shall be prepared no later than 45 calendar days after the bank statement cutoff date. * * * * * *

  • Settlement of Accounts 1. After the date on which a country ceases to be a member, it shall remain liable for its direct obligations to the Bank and for its contingent liabilities to the Bank so long as any part of the loans, guarantees, equity investments or other forms of financing under paragraph 2 (vi) of Article 11 (hereinafter, other financing) contracted before it ceased to be a member is outstanding, but it shall not incur liabilities with respect to loans, guarantees, equity investments or other financing entered into thereafter by the Bank nor share either in the income or the expenses of the Bank. 2. At the time a country ceases to be a member, the Bank shall arrange for the repurchase of such country's shares by the Bank as a part of the settlement of accounts with such country in accordance with the provisions of paragraphs 3 and 4 of this Article. For this purpose, the repurchase price of the shares shall be the value shown by the books of the Bank on the date the country ceases to be a member. 3. The payment for shares repurchased by the Bank under this Article shall be governed by the following conditions: (i) Any amount due to the country concerned for its shares shall be withheld so long as that country, its central bank or any of its agencies, instrumentalities or political subdivisions remains liable, as borrower, guarantor or other contracting party with respect to equity investment or other financing, to the Bank and such amount may, at the option of the Bank, be applied on any such liability as it matures. No amount shall be withheld on account of the contingent liability of the country for future calls on its subscription for shares in accordance with paragraph 3 of Article 6. In any event, no amount due to a member for its shares shall be paid until six (6) months after the date on which the country ceases to be a member. (ii) Payments for shares may be made from time to time, upon surrender of the corresponding stock certificates by the country concerned, to the extent by which the amount due as the repurchase price in accordance with paragraph 2 of this Article exceeds the aggregate amount of liabilities, on loans, guarantees, equity investments and other financing referred to in sub- paragraph (i) of this paragraph, until the former member has received the full repurchase price. (iii) Payments shall be made in such available currencies as the Bank determines, taking into account its financial position. (iv) If losses are sustained by the Bank on any loans, guarantees, equity investments or other financing which were outstanding on the date when a country ceased to be a member and the amount of such losses exceeds the amount of the reserve provided against losses on that date, the country concerned shall repay, upon demand, the amount by which the repurchase price of its shares would have been reduced if the losses had been taken into account when the repurchase price was determined. In addition, the former member shall remain liable on any call for unpaid subscriptions in accordance with paragraph 3 of Article 6, to the same extent that it would have been required to respond if the impairment of capital had occurred and the call had been made at the time the repurchase price of its shares was determined. 4. If the Bank terminates its operations pursuant to Article 41 within six (6) months of the date upon which any country ceases to be a member, all rights of the country concerned shall be determined in accordance with the provisions of Articles 41 to 43. Such country shall be considered as still a member for purposes of such Articles but shall have no voting rights.

  • 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.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • 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.

  • Settlement of Disputes between Contracting Parties 1. Should any dispute arise concerning the interpretation or application of this Agreement the Contracting Parties shall try to settle the dispute amicably. 2. If the dispute cannot be settled in a such manner it shall, upon the request of either Contracting Party, be submitted to an ad hoc Arbitral Tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal shall be constituted in the following way: within two months of the receipt of the request for arbitration, each Contracting Party shall appoint one arbitrator. The two arbitrators will choose a national of a third State who, on the approval by the two Contracting Parties, shall act as chairman of the Tribunal (hereinafter referred to as "the Chairman"). The Chairman shall be appointed within two months from the date of appointment of the other two arbitrators. 4. If within the period specified in paragraph 3 of this Article either Contracting Party shall not have appointed its arbitrator or the two arbitrators shall not have agreed on the chairman, a request may be made to the President of the International Court of Justice to make the appointment. If he is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the appointment. If the Vice-President also is a national of either Contracting Party or is prevented from discharging the said function, the member of the International Court of Justice next in seniority who is not a national of either Contracting Party shall be invited to make the appointment. 5. The Arbitral Tribunal shall reach its decision by a majority of votes, such decision shall be final and binding. Each contracting Party shall bear the costs of its own arbitrator and its counsel in the arbitral proceedings, the costs of the chairman and the remaining costs shall be borne in equal parts by both Contracting Parties. The Tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the two Contracting Parties. The Arbitral Tribunal shall determine its own procedure.

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