Paid basis definition

Paid basis means the application of a claim payment to the aggregate deductible for the benefit period in which the pay- ment is actually made, regardless of when the claim is incurred.
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Examples of Paid basis in a sentence

  • These orders will be shipped on a DDP (Delivery Duty Paid) basis, meaning that all taxes and duties are included in the price at checkout.

  • They should be sent “Freight Paid basis" to the same address as mentioned in the tender and arrangements should be made in such a way that they arrive by the scheduled date and opening time of the tender, otherwise, offers are liable to be rejected.

  • The Aggregate Benefit for the PP or fraction thereof is the total of the Eligible Claim Payments on an Incurred and/or Paid basis (this applies as shown in the Aggregate Policy Basis in the Schedule).

  • Financial Quote shall comprise of the rate of Total Price for Design, Manufacture, Supply, Installation, Integration, Testing and Commissioning of Access Control and Intrusion Detection System (ACIDS) on DDP (Delivered Duty Paid) basis with CAMC of 3 years in the Bid form in figures and words.

  • However, at high concentrations, hexane mixing of methanol with palm oil is significantly improved and the oil viscosity is significantly reduced.

  • The Bidder shall ensure suitable packing before dispatch so as to avoid any transit damage.Outside India:The parts shall be air-freighted to that airport where our consolidation–cum-Freight Forwarding agent is located/to the Airport as agreed in the work order on Freight and Insurance Paid basis for repair/refurbishment jobs.

  • The comparison of the responsive tenders shall be carried out on Delivery Duty Paid basis at identified SIDBI offices including installation, commissioning, O&M and other equipment charges, 5 years extended warranty, inventory, storage in SIDBI office, as given in the price Bid format (ANNEXURE – VI).

  • NFL shall dispatch the material to be repaired to Bidder’s works on Freight Paid basis.

  • APETRA’s purchases take, in general, place on a DDP (Delivered Duty Paid) basis, whereby Seller delivers “in tank” and takes care of all logistical arrangements.

  • Account Type Account Number (2) l OtherAmount Requested $Penalties Charged (-)of $ .(2) l Periodic DistributionAdministrative Fees (-)Subtotal (amount subject to withholding) $I authorize automatic distributions ofFederal Income Tax Withheld (-)$ on al monthly l quarterly l annuall otherState Income Tax Withheld (if applicable) (-) Local Tax Withheld (-)Net Amount Paid $basis, starting on .

Related to Paid basis

  • Non-bid Basis means a contract awarded or executed by the Commonwealth with Contractor without seeking bids or proposals from any other potential bidder or offeror.

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement and, if any, premium costs on other school authority financial statements for the year not ending later than August 31, 2015. The statements are to be provided to the Ministry of Education.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.