True-Up Process Sample Clauses

True-Up Process. Per Table B below, for each “True-Up Period”, an all-Products true-up will be prepared to ensure each party receives their contractual margin share of the actual Available Margin. The true-up process will result in a payment due from either party, depending on which party has received excess Available Margin for the True-Up Period. True-ups will be determined every six months. The first true-up will be based on a stub period consisting of results from the first day of this Agreement to September 30, 2016. Table B below provides the true-up periods and Available Margin shares. Sekisui and Qualigen jointly have the responsibility to review and approve each true-up calculation. The process follows the following steps:
Sample 1
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True-Up Process. Forty-five (45) days following the end of each fiscal year of the Term, City and Manager shall audit the budgeted Aquatic Center expenses and Aquatic Center Expenses. To the extent the Aquatic Center Expenses exceed the budgeted Aquatic Center expenses (“Expense Overage”), Manager’s Management Fee shall be reduced by 50% of the Expense Overage. If the Manager’s portion of the Expense Overage exceeds the Retention Funds, Manager shall pay the City an amount equal to the Manager’s portion of the remaining Expense Overage.
Sample 1
True-Up Process. If Licensee is using more than the number of licenses Licensee has purchased, Licensee shall pay Ivanti for such additional licenses no later than thirty (30) days following written notice/quote from Ivanti, with such fees being the license fees as per this MLA.
Sample 1
True-Up Process. Within sixty (60) days after LANDesk requests an Authorized User take an inventory of the LANDesk Product in use by the Authorized User, the Authorized User shall respond back to LANDesk with the requested information. If the quantity of LANDesk Product in use exceeds the quantity licensed and paid for by Authorized User, Authorized User will submit an order for such increased use (a “True-Up”). If, however, during any fiscal year Authorized User deploys additional LANDesk Product in an amount equal to or greater than twenty-five percent (25%) of the total of Authorized User’s previously licensed LANDesk Product, as determined at the beginning of such fiscal year, Authorized User will conduct a True-Up within sixty (60) days after the end of the fiscal quarter in which such deployment occurs.
Sample 1
True-Up Process. (i) On June 1, 2020, the Company shall deliver to HCPCI a report (the “Preliminary UPR True Up Report”) identifying (1) the Subject Policies that have been cancelled prior to the Policy Replacement Date; (2) the Return Premium Amount attributed to such cancelled Subject Policies prior to the Policy Replacement Date; (3) the total Unearned Premium Reserves collected by the Company prior to the Policy Replacement Date; (4) the amount of Premiums collected by the Company after the February 12, 2020 transfer of the Initial UPR Transfer Amount; and (5) the amount of commissions paid to the agents of record for the Subject Policies with regard to coverage provided after April 1, 2020. (ii) The Preliminary UPR True Up Report will include the Company’s calculation of an amount (the “Preliminary UPR Transfer Amount”) that is equal to the Unearned Premium Reserves collected by the Company prior to the Policy Replacement Date, less amounts previously paid to agents to cover agent commissions attributed to coverage after April 1, 2020, less the Return Premium Amount, less amounts previously transferred to HCPCI. The Preliminary UPR True Up Report will include the Company’s workpapers used to compute the same. (iii) If, within ten (10) days following its receipt of the Preliminary UPR True Up Report, HCPCI does not dispute the Preliminary UPR True Up Report or the Preliminary UPR Transfer Amount, then the Preliminary UPR True Up Report shall be deemed final for purposes of this Agreement (the “Final UPR True Up Report”) and the Preliminary UPR Transfer Amount, as set forth in the Preliminary UPR True Up Report, shall be considered final for purposes of this Agreement (the “Final UPR Transfer Amount”). (iv) In the event HCPCI has any dispute with regard to the Preliminary UPR True Up Report or the Preliminary UPR Transfer Amount, such dispute shall be resolved in the manner described in this Section 3.1(b). HCPCI shall notify the Company in writing of such dispute within ten (10) days after the HCPCI’s receipt of the Preliminary UPR True Up Report, which notice shall specify in reasonable detail the nature of the dispute. (v) During the thirty (30) day period following HCPCI’s receipt of such notice, the Parties shall attempt to resolve such dispute and determine the Final UPR Transfer Report and calculation of the Final UPR Transfer Amount. (vi) If, at the end of the thirty (30) day period specified in subsection (b)(v) above, the Parties shall have failed to reach a w...
Sample 1

Related to True-Up Process

  • Escalation Process If Customer believes in good faith that Customer has not received quality or timely assistance in response to a support request or that Customer urgently need to communicate important support related business issues to Service Provider’s management, Customer may escalate the support request by contacting Service Provider and requesting that the support request be escalated to work with Customer to develop an action plan.

  • Complaints Process The School shall establish and adhere to a process for resolving public complaints which shall include an opportunity for complainants to be heard. The final administrative appeal shall be heard by the School's Governing Board, except where the complaint pertains to a possible violation of any law or term under this Contract. The complaints process shall be readily accessible from the School’s website, as described in Section 11.4.1.

  • Due Process A teacher shall be entitled to Union representation at any conference held during this procedure in which the teacher will be advised of an impending adverse personnel action.

  • Sale Process If a Non-Economic Facility is marketed for sale in accordance with Section 5.02 and Manager receives an offer therefor which it wishes to accept on behalf of the relevant TRS and Owner, Manager shall give the relevant TRS prompt notice thereof, which notice shall include a copy of the offer and any other information reasonably requested by such TRS. If the relevant TRS, on behalf of the relevant Owner, shall fail to accept or reject such offer within seven (7) Business Days after receipt of such notice and other information from Manager, such offer shall be deemed to be accepted. If the offer is rejected by the relevant TRS on behalf of the relevant Owner, and if Manager elects to continue marketing the Non-Economic Facility by providing written notice to the relevant TRS within seven (7) days of such rejection and Manager does not obtain another offer within ninety (90) days that is accepted by the relevant TRS, the Non-Economic Facility shall be deemed to have been sold to the relevant TRS on the date, at the price and on such other terms contained in the offer. If a Non-Economic Facility is sold to a third party or deemed to have been sold to the relevant Owner pursuant to such offer, effective as of the date of sale or deemed sale: (i) the Management Agreement shall terminate with respect to such Non-Economic Facility; (ii) Aggregate Invested Capital shall be reduced by an amount equal to the net proceeds of sale after reduction for the costs and expenses of the relevant TRS, the relevant Owner and/or Manager (or, in the case of a deemed sale, the net proceeds of sale determined by reference to such offer, after reduction for any amounts actually expended and any amounts which would reasonably have been expected to have been expended if the sale had been consummated by the relevant TRS, the relevant Owner and/or Manager). If the reduction in Aggregate Invested Capital is less than the Invested Capital of the Non-Economic Facility sold or deemed to have been sold, the difference shall be proportionately reallocated to the Invested Capital of the remaining Facilities.

  • Review Process A/E's Work Product will be reviewed by County under its applicable technical requirements and procedures, as follows:

  • Payment Process Subject to the terms and conditions established by the Agreement, the pricing per deliverable established by the Grant Work Plan, and the billing procedures established by Department, Department agrees to pay Grantee for services rendered in accordance with Section 215.422, Florida Statutes (F.S.).

  • Grievance Process (a) Either party, with the agreement of the other party, may submit a grievance to Grievance Mediation at any time within ten (10) working days after the Employer’s decision has been rendered at the step prior to arbitration. Where the matter is so referred, the mediation process shall take place before the matter is referred to Arbitrator. (b) Grievance Mediation shall be scheduled within twenty (20) working days of the grievance being submitted to mediation, or longer period as agreed by the parties. (c) No matter may be submitted to Grievance Mediation which has not been properly carried through the grievance procedure, provided that the parties may extend the time limits fixed in the grievance procedure. (d) The parties shall agree on a mediator. (e) Proceedings before the Mediator shall be informal. Accordingly, the rules of evidence will not apply, no record of the proceedings shall be made and legal counsel shall not be used by either party, unless otherwise mutually agreed. (f) If possible, an agreed statement of facts will be provided to the Mediator, and if possible, in advance of the Grievance Mediation Conference. (g) The Mediator will have the authority to meet separately with either party. (h) If no settlement is reached within five (5) working days following Grievance Mediation, the parties are free to submit the matter to Arbitration in accordance with the provisions of the collective agreement. In the event that a grievance which has been mediated subsequently proceeds to arbitration, no person serving as the Mediator may serve as an Arbitrator, unless otherwise mutually agreed. Nothing said or done by the mediator may be referred to Arbitration. (i) The Union and Employer will share the cost of the Mediator, if any.

  • Disciplinary Process (a) Prior to disciplining an Employee, the Employer will notify the Unit 1 Chairperson, with a copy to the President of CAW Local 555, of the nature of the alleged offence. (b) Following notification of the Unit 1 Chairperson, the Employer will meet with the Employee and a Union Representative. At this meeting, the Employer will advise the Employee of the alleged offence and provide the Employee with an opportunity to respond. (c) Within 5 Working Days of this meeting, or any additional meeting that the Employer may require, the Employer will decide whether or not discipline is to be imposed, and, if so, at what level, and this decision will be communicated orally and in writing at a meeting with the Employee and Union Representative. A copy of the written decision will be provided to the Unit 1 Chairperson with a copy to the President of CAW Local 555. (d) In cases of suspension without pay, the suspension will be served beginning on one of the following two dates: i. if the decision to suspend is not subject to a grievance, the first date the employee is scheduled to work following 5 Working Days from the date the suspension was communicated to the Employee; and ii. if the decision to suspend is subject to a grievance, the first date the employee is scheduled to work following a denial of the grievance at Step 3.

  • Application Process The employees wishing to enter into a job share arrangement will apply in writing to the Employer and forward a copy to the Union outlining the proposed commencement date of the job share, how the hours and days of work will be shared and how communication and continuity of work will be maintained. The Employer shall communicate a decision on a job share request in writing to the applicants. Applications to Job Sharing shall not be unreasonably denied.

  • Order Process When the start of production of your reservation nears, we will ask you to confirm your option selections and to provide full details of the legal purchaser of the Model X. Tesla will create an order for your Model X containing the information provided by you, and a Purchase Agreement indicating the estimated purchase price of your Model X, taking into account the base price of the model and any options included or that you select, plus estimates of any applicable taxes, duties, transport and delivery charges, and any other applicable fees. Tesla will then submit to you the order and the Purchase Agreement for your review. If you wish to proceed and purchase the Model X, you must sign and return the Purchase Agreement together with any amounts that are then required to be paid. Production of your Model X will then be commenced and your deposit payable under the Purchase Agreement will be held by Tesla as a non-refundable deposit (to the extent permitted by applicable law). At the time you enter into the Purchase Agreement, you may, at your sole option, notify us that you would like to take your Reservation Payment and apply it to your deposit. These procedures may be subject to change.

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