Examples of Annual Reconciliation Payment in a sentence
The Annual Reconciliation Payment for each Support Year during the Support Period is calculated as follows: ASY = BSY - ∑ Bq Where: ASY = the Annual Reconciliation Payment for the relevant Support Year; BSY = the Net Annual Payment for the relevant Support Year; and ∑ Bq = the aggregate of the Quarterly Payments to which the Operator is entitled for the first three Quarters of the relevant Support Year.
If the Annual Reconciliation Payment is a negative amount, NuclearSub shall pay the Annual Reconciliation Payment to Electrabel.
LTES Operator receives the $1 million Quarterly Annuity Payment in each of the first 3 quarters of the year, but at the end of the year LTES Operator must pay a $7.5 million Annual Reconciliation Payment to SFV.
In the event an Annual Reconciliation is performed, Subscriber shall pay to the Authorized Designee an Annual Reconciliation Payment.
The second subject is a 3-axis Cartesian robotic manipulator, which is to be installed at the APS 2-BM beamline to perform sample positioning for high throughput microtomography research.
The effect of this reconciliation payment (the "Annual Reconciliation Payment") is that Tenant ----------------------------- will pay during the Term its proportionate share (as defined in clause (iii) below) of Basic Costs increases over the Basic Cost Component, and no more.
Each report and, where applicable, each invoice shall include a breakdown of each element of the first Annual Reconciliation Payment, calculated in accordance with paragraph 11.1.2 of Schedule 4 (Payment Mechanism).
Each report and, where applicable, each invoice shall include a breakdown of the Excess Profit Share calculation comprising the second Annual Reconciliation Payment, calculated in accordance with paragraph 11.1.3 of Schedule 4 (Payment Mechanism).
The Contractor shall, within twenty (20) Working Days of each Distribution Date, provide to the Authority a Third Annual Reconciliation Report for the immediately preceding Contract Year in the form set out in Schedule 36 (Reporting Proformas) setting out the calculation of the Third Annual Reconciliation Payment calculated in accordance with paragraph 10.2 of Schedule 5 (Payment Mechanism) in respect of the immediately preceding Contract Year.
The Annual Reconciliation Payment includes an adjustment for where actual tonnage differs from forecast.