Audit Deficiency definition

Audit Deficiency shall have the meaning set forth in Paragraph 5.2.
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Audit Deficiency has the meaning set forth in Section 7.6.
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Audit Deficiency means in respect of any Person, any deficiency in any written report, statement or audit provided by or on behalf of such Person under the Program Documents.
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Examples of Audit Deficiency in a sentence

  • Vendor agrees to respond to any Billing Audit Deficiency related to a due process provider billing within thirty (30) days of receipt of the Billing Audit Deficiency.

  • If LA or its duly authorized representative discovers a deficiency in the payments to LA pursuant to any statement in the period under audit (an "Audit Deficiency"), the Reseller shall promptly pay such Audit Deficiency to LA and, if such Audit Deficiency is three percent (3%) or more of the payments made to LA pursuant to any statement in such audit period, the Reseller shall promptly pay all costs and expenses incurred by LA in connection with such audit.

  • If such Audit Deficiency is twenty percent (20%) or more of the amounts paid to LA pursuant to any statement in the period under audit, then in addition to the above, LA may, at its sole option, immediately terminate the Agreement upon written notice to the Reseller, even if the Reseller tenders the Audit Deficiency and associated costs and expenses to LA.

  • Any response to an Audit Deficiency shall be submitted via MyJAC.

  • If Attorney or Vendor fails to respond to a Billing Audit Deficiency or fails to provide necessary documentation within a reasonable period of time, then JAC may take appropriate action including, but not limited to, rejecting the bill for payment, issuing a letter of objection to payment, or paying the amount established by law or applicable court order.

  • If Attorney or Vendor fails to respond to a Billing Audit Deficiency or fails to provide necessary documentation within a reasonable period of time, then JAC may take appropriate action including, but not limited to, rejecting the bill for payment, issuing a letter of objection to payment, or paying the amount payable pursuant to the Established Rates or applicable court order.

  • The JAC billing Audit Deficiency Notice is an instrument used to convey that a billing is deficient and does not serve as JAC’s Letter of Objection or No Objection to billing submitted by the Vendor.

  • An Audit Deficiency is an instrument used to convey that a billing is deficient and does not serve as JAC’s Letter of Objection or No Objection to any billing submitted by the Vendor.

  • If the Company's duly authorized representative discovers a deficiency in the monies charged by ▇▇▇▇▇▇▇▇▇.▇▇▇ for any period under audit (an "Audit Deficiency"), ▇▇▇▇▇▇▇▇▇.▇▇▇ shall promptly pay such Audit Deficiency to the Company unless such amounts are reasonably disputed by ▇▇▇▇▇▇▇▇▇.▇▇▇.

  • Without prejudice to any other rights of Licensor hereunder, time is of the essence regarding all payments due hereunder and Licensee shall pay interest on any Audit Deficiency, as well as on all delinquent Royalty payments hereunder, at two percent (2%) plus the “prime rate” established by the Federal Reserve Bank in New York, compounded annually at the rate from time to time in effect and calculated from the date on which such payment was due but in no event at a higher rate than allowed by law.

Related to Audit Deficiency

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.

  • Advance Deficiency As defined in Section 4.01(b).

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.

  • Subordination Deficiency With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.