True-Up Period. All annual cost savings during the Guarantee Period shall be calculated from an anniversary date of July 1st to coincide with the first day of School District’s Fiscal Year. The period after the Acceptance Date and before the July 1st subsequent to ECM Implementation shall be known as the “True-Up Period.” All guaranteed savings achieved during the True-Up Period shall be accounted for in Schedule C (Energy Savings Guarantee) and, if applicable, shall cover any corresponding annual payments required to be made by the School District during the True-Up Period.
True-Up Period. On the date that is twenty (20) Trading Days from the Financing Event that the Conversion Shares delivered by the Company to the Subscriber become Free Trading, there shall be a true-up period of 10 business days from the share issuance date. If the Conversion Price as of the True-Up Date is less than the Conversion Price sold in the Financing Event, the Company shall deliver additional Conversion Shares (“True-Up Shares”) to the Subscriber as specified.
True-Up Period. During the period from Closing to April 14, 2008 (the "True-Up Period"), any payments for Accounts Receivable actually received by the Company in excess of the Minimum Accounts Receivable Amount ("Post-Closing Accounts Receivable Receipts") shall be held by the Company for the benefit of Seller. During the True-Up Period, any payments made by the Company with respect to any liabilities required to be paid or otherwise satisfied by Seller pursuant to this Agreement ("Post-Closing Liability Payments"), shall be for the account of Seller. No later than April 24, 2008, (i) the Copmany shall pay to Seller the amount by which Post-Closing Accounts Receivable Receipts exceed Post-Closing Liability Payments, or (ii) Seller shall pay to the Company the amount by which Post-Closing Liability Payments exceed Post-Closing Accounts Receivable Receipts. This Section 8.14 shall have no effect on the representation and warranty of Seller set forth in Section 3.7 nor Seller's obligations under Section 5.7 or any resulting indemnification obligations of Seller pursuant to Section 7.2 as a result of any inaccuracy of breach thereof, but is intended to provide an administrative mechanism to account for the receipt by the Company during the True-Up Period of any Accounts Receivables that are the property of Seller and the payment by the Company during the True-Up Period of any accounts payable that are the obligation of Seller. In Witness Whereof, the parties have executed and delivered this Agreement as of the date first written above.
True-Up Period. The parties acknowledge that (i) Medbrook has advanced certain funds to Purchaser as described in Schedule 11.1, (ii) Medbrook may inadvertently pay certain obligations assumed by Purchaser pursuant to the terms of this Agreement, (iii) Purchaser may inadvertently pay certain obligations of Medbrook not assumed by Purchaser, and (iv) one party may receive a payment that is the property of the other. Therefore, every thirty (30) days after the Effective Date (for a total period of ninety (90) days (the "True-up Period)) each party agrees to prepare and send to the other party a schedule of payments made and received which were the obligation or property of the other party. The party owing money to the other shall make payment in full within five (5) days after each party receives the schedule from the other party.
True-Up Period. During the period from Closing to April 14, 2008 (the "True-Up Period"), any payments for Accounts Receivable actually received by the Company in excess of the Minimum Accounts Receivable Amount ("Post-
True-Up Period. All annual cost savings during the Guarantee Period shall be calculated from an anniversary date of July 1st to coincide with the first day of City’s Fiscal Year. The period after the Acceptance Date and before the July 1st subsequent to ECM Implementation shall be known as the “True-Up Period.” All guaranteed savings achieved during the True-Up Period shall be accounted for in Schedule C (Energy Savings Guarantee) and, if applicable, shall cover any corresponding annual payments required to be made by the City during the True-Up Period.
