Common use of Termination Invoice Clause in Contracts

Termination Invoice. Following the end of the Transition Period (or if there is no Transition Period, following the Effective Termination Date), Vendor shall submit to LACERA, in the form and with any reasonable certifications as may be prescribed by LACERA, Vendor’s final invoice (the “Termination Invoice”). The Termination Invoice shall prorate Vendor’s annual fees, on a daily basis, for Services already performed but for which Vendor has not been compensated through the Effective Termination Date, in accordance with the then current Fee Schedule. Vendor shall submit the Termination Invoice no later thirty (30) days after the Transition Period (or if there is no Transition Period, the Effective Termination Date). Upon Vendor’s failure to submit the Termination Invoice within the time allowed, LACERA may determine, on the basis of information available to it, the amount, if any, due to Vendor and such determination shall be deemed final. Subject to the provisions of this Section 15.c, after LACERA has made such determination, or after Vendor has submitted the Termination Invoice and LACERA has approved it, LACERA shall authorize payment to Vendor, so long as Vendor is not in breach or default of any of its post-termination obligations.

Appears in 2 contracts

Samples: Investment Vendor Services Agreement, Investment Vendor Services Agreement

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Termination Invoice. Following the end of the Transition Period (or if there is no Transition Period, following the Effective Termination Date), Vendor Consultant shall submit to LACERA, in the form and with any reasonable certifications as may be prescribed by LACERA, VendorConsultant’s final invoice (the “Termination Invoice”). The Termination Invoice shall prorate VendorConsultant’s annual fees, on a daily basis, for Services already performed but for which Vendor Consultant has not been compensated through the Effective Termination Date, in accordance with the then current Fee Schedule. Vendor Consultant shall submit the Termination Invoice no later thirty (30) days after the Transition Period (or if there is no Transition Period, the Effective Termination Date). Upon VendorConsultant’s failure to submit the its Termination Invoice within the time allowed, LACERA may determine, on the basis of information available to it, the amount, if any, due to Vendor Consultant and such determination shall be deemed final. Subject to the provisions of this Section 15.c, after LACERA has made such determination, or after Vendor Consultant has submitted the Termination Invoice and LACERA has approved it, LACERA shall authorize payment to VendorConsultant, so long as Vendor Consultant is not in breach or default of any of its post-termination obligations.

Appears in 2 contracts

Samples: Investment Consulting Services Agreement, Investment Consulting Services Agreement

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Termination Invoice. Following the end of the Transition Period (or if there is no Transition Period, following the Effective Termination Date), Vendor shall submit to LACERAXXXXXX, in the form and with any reasonable certifications as may be prescribed by LACERAXXXXXX, Vendor’s final invoice (the “Termination Invoice”). The Termination Invoice shall prorate Vendor’s annual fees, on a daily basis, for Services already performed but for which Vendor has not been compensated through the Effective Termination Date, in accordance with the then current Fee Schedule. Vendor shall submit the Termination Invoice no later thirty (30) days after the Transition Period (or if there is no Transition Period, the Effective Termination Date). Upon Vendor’s failure to submit the Termination Invoice within the time allowed, LACERA may determine, on the basis of information available to it, the amount, if any, due to Vendor and such determination shall be deemed final. Subject to the provisions of this Section 15.c, after LACERA has made such determination, or after Vendor has submitted the Termination Invoice and LACERA has approved it, LACERA shall authorize payment to Vendor, so long as Vendor is not in breach or default of any of its post-termination obligations.

Appears in 1 contract

Samples: Investment Vendor Services Agreement

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