Year End Reconciliation Sample Clauses
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Year End Reconciliation. Within thirty (30) days following the receipt by Sublandlord of a final statement of Operating Costs from Landlord with respect to each calendar year following the Base Year, Sublandlord shall deliver to Subtenant a statement of the adjustment to be made pursuant to Section 3.2 above for the calendar year just ended, together with a copy of any corresponding statement received by Sublandlord from Landlord (the “Annual Operating Cost Statement”). If on the basis of such the Annual Operating Cost Statement Subtenant owes an amount that is less than the estimated payments actually made by Subtenant for the calendar year just ended, Sublandlord shall credit such excess to the next payments of Rent coming due or, if the term of this Sublease is about to expire, promptly refund such excess to Subtenant. If on the basis of such the Annual Operating Cost Statement Subtenant owes an amount that is more than the estimated payments for the calendar year just ended previously made by Subtenant, Subtenant shall pay the deficiency to Sublandlord within thirty (30) days after delivery of the Annual Operating Cost Statement from Sublandlord to Subtenant. Sublandlord’s failure to timely deliver the Annual Operating Cost Statement will not diminish or nullify Subtenant’s obligation to pay (or Sublandlord’s obligation to refund to Subtenant) any reconciliation amount owed as a result of the calculations contained in the Annual Operating Costs Statement as described herein.
Year End Reconciliation. Within thirty (30) days after the receipt by Sublandlord of a final statement of Operating Costs from Landlord with respect to each calendar year, Sublandlord shall deliver to Subtenant a statement of the adjustment to be made pursuant to Section 3.2 above for the calendar year just ended, together with a copy of any corresponding statement received by Sublandlord from Landlord. If on the basis of such statement Subtenant owes an amount that is less than the estimated payments actually made by Subtenant for the calendar year just ended, Sublandlord shall credit such excess to the next payments of Rent coming due or, if the term of this Sublease is about to expire, promptly refund such excess to Subtenant. If on the basis of such statement Subtenant owes an amount that is more than the estimated payments for the calendar year just ended previously made by Subtenant, Subtenant shall pay the deficiency to Sublandlord within thirty (30) days after delivery of the statement from Sublandlord to Subtenant.
Year End Reconciliation a. A year-end reconciliation shall be conducted by the Sponsor to ensure and verify correct and proper credit has been received for the full value of all USDA Foods received by the Vendor during the fiscal year. The SFA reserves the right to conduct USDA Foods credit audits throughout the year to ensure compliance with federal regulations 7 CFR 210 and 7 CFR 250.
b. If Sponsor is participating in direct diversion processing or cheese processing, based on actual bulk USDA Foods received, it may be necessary for the Vendor to make compensation adjustments to the Sponsor at the end of the school year. The Sponsor is responsible for assuring adjustments are made.
Year End Reconciliation. To occur one hundred twenty (120) days after the Plan Year ends. The final surplus is determined as part of this reconciliation.
Year End Reconciliation. Year-end reconciliation will be addressed in the manner outlined in section 15.2 of Regulation 70.
Year End Reconciliation. The process that occurs after the end of the Performance Year where there is a comparison of the ETCOC and the ATCOC for the Traditional and Expanded Attribution Cohorts. This process will determine the amount of any cash exchange as defined by the requirements of the Risk Corridor. Zero-Paid Claim: A claim submitted to DVHA by a Participating Provider, which is paid zero dollars with an explanation of benefits code indicating that the Member and services are covered by the VMNG Program under its Fixed Prospective Payment from the ACO.
Year End Reconciliation. All Provider HBR Incentives resulting from realized HBR Shared Savings shall be paid from the Health Plan Medical Expense Fund. At the end of the fifteen (15) month period following the first day of each Contract Year, Final Year-End HBR for such Contract Year shall be calculated and compared to the Baseline HBR. If such calculation shows that Provider has achieved an HBR below the Baseline HBR for the Contract Year then, provided that the conditions set forth in this Exhibit and the Agreement were met during the Contract Year, Health Plan shall pay Provider from the Health Plan Medical Expense Fund, within one hundred twenty (120) days of the end of the Contract Year, fifty percent (50%) of the HBR Shared Savings for the Contract Year, less all previous HBR Incentive payments paid to Provider for that Contract Year. Any such payments made pursuant to this Section 6(d) shall be paid first from amounts retained by Health Plan pursuant to Section 6(c) above. Following the payment of all HBR Shared Savings amounts due Provider for the Contract Year, any excess funds held by Health Plan pursuant to Section 6(c) shall be retained by Health Plan and Provider shall have no right or claim to such amounts or interest thereon.
Year End Reconciliation a. A year-end reconciliation shall be conducted by the SFA to ensure and verify correct and proper credit has been received for the full value of all USDA Foods received by the Vendor during the fiscal year. The SFA reserves the right to conduct USDA Foods credit audits throughout the year to ensure compliance with federal regulations 7 CFR 210 and 7 CFR 250.
b. If SFA is participating in direct diversion processing or cheese processing, based on actual bulk USDA Foods received, it may be necessary for the Vendor to make compensation adjustments to the SFA at the end of the school year. The SFA is responsible for assuring adjustments are made.
Year End Reconciliation. Within thirty (30) days after the receipt by Sublandlord of a final statement of Operating Costs from Landlord with respect to each calendar year, Sublandlord shall deliver to Subtenant a statement of the adjustment to be made pursuant to Section 3.2 above for the calendar year just ended (“Sublandlord's Statement”), together with a copy of any corresponding statement received by Sublandlord from Landlord. If on the basis of such statement Subtenant owes an amount that is less than the estimated payments actually made by Subtenant for the calendar year just ended, Sublandlord shall credit such excess to the next payments of Rent coming due or, if the term of this Sublease is about to expire, promptly refund such excess to Subtenant. If on the basis of such statement Subtenant owes an amount that is more than the estimated payments for the calendar year just ended previously made by Subtenant, Subtenant shall pay the deficiency to Sublandlord within thirty (30) days after delivery of the statement from Sublandlord to Subtenant. In the event that Sublandlord performs an audit of Excess Operating Costs and Excess Taxes charged by Landlord pursuant to the Master Lease and discovers that, as a result of an overcharge by Landlord, Subtenant has overpaid Operating Costs, Sublandlord will return to Subtenant an amount equal to any such overpayment by Subtenant upon receipt of Landlord’s reimbursement to Sublandlord of the amount of such overpayment.
Year End Reconciliation. The Chief Finance Officer of West Berkshire shall be responsible for ensuring that there is a Year End Reconciliation within reasonable time period at the end of the Financial Year. The result of this reconciliation shall be reported to the Joint Committee and in the event that: - A surplus has been generated then West Berkshire shall make payments to the Councils in the Agreed Percentages for that Financial Year as are necessary to clear the surplus; - A shortfall has been identified then the Councils shall make payments in the Agreed Percentages for that Financial Year as are necessary to clear the shortfall; - The surplus or shortfall is de minimis then it shall be carried forward/written off without further payments being due. The de minimis figure shall be agreed between the Councils from time to time.