Cost Reconciliation definition
Examples of Cost Reconciliation in a sentence
Adjustments to Costs to PARTNER determined through the reconciliation process described in Section XI – Cost Reconciliation and Update of this IFA do not require a written amendment to the IFA.
CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each business day after the above specified due date that the accurate and complete Cost Reconciliation Report is not submitted.
The late penalty shall be assessed separately on each outstanding Cost Reconciliation Report due COUNTY by CONTRACTOR.
WILMINGTON TRUST COMPANY Owner Trustee By:_________________________________ Name: Title: ADVANTA AUTO RECEIVABLES CORP.
I also hereby certify that I have the authority to execute the accompanying Cost Reconciliation Report.
Any payment made by COUNTY to CONTRACTOR, which is subsequently determined to have been for an unreimbursable unit of service, shall be repaid by CONTRACTOR to COUNTY in cash, or other authorized form of payment, within thirty (30) calendar days of submission of the Cost Reconciliation Report or COUNTY may elect to reduce any amount owed CONTRACTOR by an amount not to exceed the reimbursement due COUNTY.
The Cost Reconciliation Report shall be the final financial record for subsequent audits, if any.
All Parties agree that the cost reconciliation and allocation base update for this IFA will be the same as described in the Cost Reconciliation and Allocation Base Update section of the MOU.
ADMINISTRATOR may withhold or delay any or all payments due CONTRACTOR pursuant to any or all contracts between COUNTY and CONTRACTOR until such time that the accurate and complete Cost Reconciliation Report is delivered to ADMINISTRATOR.
CONTRACTOR shall submit Cost Reconciliation Report to COUNTY no later than sixty (60) calendar days following termination of this Contract.