Actual Spend definition
Examples of Actual Spend in a sentence
Actual Spend the aggregate amount of Charges incurred and payable by Customer during the Minimum Term solely for the Service to which the Target Spend applies and excluding fees for Equipment (whether paid for by use of Subsidy or not) and less any credits or rebates applied to the account.
If the amount of the Actual Spend paid to Clarivate up to the termination date for that part of the Contract Year is less than the Proportional Volume Commitment, the difference between those amounts shall become due and payable as the Adjustment applicable to that Contract Year in accordance with this Agreement and no further Volume Commitment shall be payable.
If the Client and Client Entities do not achieve the Watch Volume Commitment in any Contract Year, the Client shall pay to Thomson CompuMark the difference between the Actual Spend and the Watch Volume Commitment applicable to that Contract Year (“Adjustment”) within thirty (30) days of the date of Thomson CompuMark's invoice.
If the Client and Client Entities do not achieve the Watch Volume Commitment in any Contract Year, the Client shall pay to Clarivate the difference between the Actual Spend and the Watch Volume Commitment applicable to that Contract Year (“Adjustment”) within thirty (30) days of the date of Clarivate's invoice.
If the amount of the Actual Spend paid to Thomson CompuMark up to the termination date for that part of the Contract Year is less than the Proportional Volume Commitment, the difference between those amounts shall become due and payable as the Adjustment applicable to that Contract Year in accordance with this Agreement and no further Volume Commitment shall be payable.
Actual Spend – for applicable Agreements specifying a Target Spend, the aggregate amount of Charges incurred and paid by you during the Minimum Term for the Service which the Target Spend relates, but excluding Equipment Charges.
Contract History - Contract Value Annual Contract Value (2013/14) £113,750 Re-commissioned Annual Contract Value (2014/15) £53,930 Re-commissioned Annual Contract Value (2015/16) £53,930 Contract extension no additional funding allocated (2016/17) £0 Whole Life Contract Value £107,860 - Actual Spend (2015/16) £35,802.
In the case of 6.5.3 and 6.5.4 the Funding Recovery Charge shall be the sum equal to the difference between the Minimum Spend and the Actual Spend.
In the event that either Party determines in good faith that the expected Actual Spend for the Discovery Activities under a Discovery and Characterization Study Plan may exceed the amounts set forth in the applicable Budget, such Party shall promptly advise the other Party of proposed revisions to the Budget.
Calculate the Shared Savings / Risk Payment based on the difference between Contractor’s Actual Spend and Target Spend across PCC and MCO Panel Enrollees; and based on Contractor’s selection of a Risk Track and whether it has included Long-Term Services and Supports (LTSS), as indicated in its Application.