Annual settlement definition

Annual settlement means the settlement of accounts between the Company and FCIC for the reinsurance year, beginning with the October monthly transaction cutoff date following the end of the subsequent reinsurance year and continuing monthly thereafter, as necessary.

Annual settlement. For each calendar year, Landlord will deliver to Tenant a statement of amounts payable under Clause 7.1. Such statement will be final and binding upon Tenant unless Tenant objects in writing to Landlord within thirty (30) days after the statement is given to Tenant, provided Tenant is not in default. If such statement shows an amount owing by Tenant that is less than the estimated payments previously made by Tenant for such calendar year, the excess will be refunded by Landlord. If such statement shows an amount owing by Tenant that is more than the estimated payments previously made by Tenant for such calendar year, Tenant will pay the deficiency to Landlord within thirty (30) days after the delivery of such statement.

Annual settlement means the calculations made by the DEA after a given calendar year of operation in accordance with Appendix 5, Subsidy and economy scheme in order to ascertain whether the Operator shall repay subsidy.

Examples of Annual settlement in a sentence

• Annual settlement on CIT-8 form was filed with the Fiscal Office.

• Annual settlement of , collector of county for year ending February 28, 20 .

• Annual settlement payments may be subject to challenge through arbitration by participating tobacco manufacturers.

• Annual settlement measurements are taken to determine extent of settlement, if any.2. Cracks Location shown on site map Cracking not evident Lengths Widths Depths Remarks 3.

• Annual settlement payments shall be treated as a purchase price adjustment to all grain sold and purchased pursuant to Section 2.3 of this Agreement.

• Ms. Hale reviewed proposed NEM CleanPowerSF terms and Conditions: (1) Apply CleanPowerSF rate schedules; (2) Monthly billing; and (3) Annual settlement (April).

• Annual settlement payments arrive April 15 of each year.3 Prior to FY 2008-09, funds received in April of the prior year supported all state tobacco expenditures for the next fiscal year, i.e., revenues received in April 2007 supported expenditures in FY 2007-08.

• Stakeholders commented that all districts have the same access to the data system; workers enter data in real time; and critical information on children in foster care is readily accessible.

• ACA9 = Annual settlement factor, which is calculated as follows: SETTLEMENT PROVISION Subsequent to the effective date of this clause, the Company shall continuously maintain separate monthly comparisons of the aggregate of actual fuel costs (FA,), actual purchase power cost (PA,), actual cost of net interchange (NIA,), and actual net cost of emission allowances (EA,), with the ECA revenue obtained for the same month.

• Annual settlement of accounts are audited by Directorate General of Budget, Accounting & Statistics, Executive Yuan, and Ministry of Audit of the Control Yuan serves as the authority for final approval.

More Definitions of Annual settlement

Annual settlement means the process of issuing an Annual Settlement Statement.

Annual settlement specified in this Agreement refers to the settlement process carried out annually based a one-year unit of the period of Agreement. “Carry-over” specified in this Agreement refers to the expense to be carried over inevitably from one specific year to the next with an approval of a Dedicated Organization among the entire budget.