Settlement Process. Negotiations shall commence no later than April 1 of the year of expiration of the Negotiated Compensation Agreement.
Settlement Process. Grievances or complaints shall be settled in the following manner:
Settlement Process. Upon receipt of the Implementable Savings Schedule, Implemented Savings Schedule or MBO Bonus Schedule, United shall have [*] to confirm the amounts billed and due under this Agreement using [*] or an alternative tracking and reporting system agreed upon by the parties. All undisputed amounts shall be paid within thirty days of United's receipt of the Implementable Savings Schedule, Implemented Savings Schedule or MBO Bonus Schedule. United shall notify FreeMarkets of any disputed Implementable Savings or Implemented Savings amounts within the initial [*] period. The parties will use their best efforts to resolve any such disputes, and United will pay the mutually agreed settlement of all disputed amounts within thirty (30) days of such settlement.
Settlement Process. The ERO Certification Order required NERC to include, in its Uniform Compliance Program, appropriate procedures addressing settlements.67
Settlement Process. All Transit Fare Revenues will be the property of the Authority and to the extent at any time held by the Contractor, any Subcontractor (including Fare Media Vendors) or others (whether held in any Merchant Account or otherwise) will be held by each of them in trust on behalf of and for the account of the Authority. The Settlement Account for all Fare Transactions will be a deposit account in the name of the Authority and designated by the Authority (each a “Settlement Account”) in an authorized Authority- approved depository bank. Electronic credits and payments, including cash, checks, and Bankcard and all other forms of electronic payments for Fare Product purchases via the Web Site, Fare Media Vending Devices, Customer Care Call Center, WMATA Retail Network, autoload services or any other mechanism or location established by Contractor for the sale of Fare Products (collectively “Sales Channels”) or for transactions received from the Card Processors shall be made or, if cash or checks, deposited only to a Settlement Account as directed by the Authority. All cash and check payments for Fare Transactions received by Contractor or by a Fare Media Vendor shall be deposited to a Settlement Account as directed by the Authority not later than 5:00 pm the Business Day following such Fare Transactions. All automated clearinghouse (ACH) credits initiated by Contractor, wire transfers received by Contractor, refunds of Fare Media Charges as Transit Value to a transit account and all other forms of electronic payments (e.g. PayPal payments) received by Contractor for Fare Transactions shall be credited directly to a Settlement Account as directed by the Authority. Contractor shall prepare a report detailing the information for each calendar day of operation of the NEPP System (each an “Operating Day”) and within three (3) Business Days following each Operating Day shall transfer to the Settlement Account an amount equal to any Revenue Shortfall for such Operating Day. Contractor shall perform the remittance, reporting and reconcilement services as part of its daily settlement procedures as described in the Trust Agreement. Contractor shall transmit the required Card Payment Data to the Card Processor for authorization and settlement on the same Business Day that such Card Payment Data is originated. Card Payment Data shall be transmitted by the Contractor on the same date on which such payment is scheduled for authorization and settlement by the aggregation proces...
Settlement Process. 1. Settlement will be performed within 120 days after the end of each policy year. This settlement will include all claims and capitation payments liability incurred from October 1, of each year through September 30, of each year (“Actual Incurred Claims”) and paid prior to January 1 following that period.
2. If Actual Incurred Claims exceed the Group’s maximum annual liability for the period as Calculated in Section V. A. of this Agreement, BCBSF/HOI will pay a settlement amount equal to such excess to the Group.
3. If Actual Incurred Claims are less than or equal to the Group’s maximum annual liability for the period as calculated in Section V. A. of this Agreement, there will be no settlement payment due.
Settlement Process. (a) Subscribers use wireless data service for the first month;
(b) Party B may consolidate account with Party A within 15 days of the following month; if the discrepancy is above 5%, the parties shall negotiate for a solution, Party B shall deliver the account reconciliation report and invoice that have been affixed with Party B’s official chop to Party A’s contact person no later than the 25th of the following month;
(c) Party A shall remit the settlement payment to the bank account designated by Party B no later than the 28th of the third month;
(d) If Party B fails to deliver the account reconciliation report and invoice that have been affixed with Party B’s official chop as Party A has required prior to the 25th of the month following the service, Party A shall postpone the settlement payment of the current month to the end of the following quarter until Party A has received Party B’s account reconciliation report and invoice. (This provision does not constitute the breach of deferred payment as provided in the Agreement.)
Settlement Process. (a) This Agreement shall be binding and effective upon Bank of America, Countrywide and the Initiating Certificateholder as of the Execution Date and shall continue to be binding and irrevocable until the Termination Date.
(b) Within five (5) business days after the Execution Date, this Agreement shall be presented to the Trustee for its review and acceptance as follows: the Initiating Certificateholder will submit a letter to the Trustee (the “Request Letter”) (i) expressing its support for the Settlement, (ii) indicating that it intends to vote all of the certificates in the Trust owned or otherwise controlled by the Initiating Certificateholder in favor of the acceptance by the Trustee of the Settlement, (iii) requesting that the Trustee submit the Agreement and the Request Letter to the Certificateholders for the purpose of (x) notifying such Certificateholders of the existence, terms and conditions of the Settlement and of the Initiating Certificateholder’s support thereof, and (y) conducting a vote of the Certificateholders entitled to vote thereon as of the date of such notice with respect to the approval or rejection of the Settlement with respect to the Trust. Following the issuance of the Request Letter, each Initiating Certificateholder shall provide reasonable support in furtherance of effectuating the Settlement by causing all voting rights on the Trust certificates held or otherwise controlled by the Initiating Certificateholder to be voted in favor of acceptance of the Settlement for the Trust (and against any other proposal that would have the effect of disapproving, frustrating, delaying or changing the terms of approval of the Settlement), and by refraining from transferring or disposing of any such certificates held or otherwise controlled by the Initiating Certificateholder (other than to a Person who agrees to vote all such transferred certificates in the same manner as required of the Initiating Certificateholder under this Agreement) until the earlier of (A) the Acceptance Deadline, if the Trustee does not sign and deliver this Agreement prior to the Acceptance Deadline or (B) the Settlement Date, if the Trustee does sign and deliver this Agreement prior to the Acceptance Deadline; provided, however that continued holding is not required if prohibited by law or regulation. The Initiating Certificateholder’s obligations under this Section 2(b) shall also terminate in the event of a material breach of this Agreement by Bank of America,...
Settlement Process. This section has been revised in response to P 104 of the April 19 Order to specify that settlement negotiations may occur prior to the issuance of a notice of Alleged Violation and sanction.
