Payout Process definition

Payout Process means the procedure by which the Repayment is effected, in all aspects, including (among others) the accompanying communications and all needed interactions between the Home DGS and the Host DGS.
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Examples of Payout Process in a sentence

  • As a consequence, the Host DGS is entitled to incur any costs required in order to perform the Payout Process.

  • Unless otherwise agreed and specified in Bilateral-Spec., the Parties shall follow as closely as possible the Payout Process prescribed in H2C Rulebook.

  • It does not release the Home DGS from its duty to meet any Costs related to the Payout Process and to pay without delay Costs which are exceeding initial advance payment.

  • The Host DGS shall provide at the end of the Payout Process a report detailing the costs it has incurred and advance payments received.

  • All Payout Process operations are then suspended, with the exception of the operations needed for closing and auditing the Payout, reimbursing the Costs and excess funding, and making an assessment of the Payout.

  • This period is reduced to two (2) days if the dispute arises in the course of a Payout Process between the Parties and risks delaying the Payout Process.

  • The Host DGS shall request from suppliers that invoices related to the Payout Process are itemised and separate from other general invoices.

  • If the Home DGS informs the Host DGS in writing that it has sent all the Payment Instructions it intends to send, and if the Host DGS has executed and reported the final status of all those Payment Instructions to the Home DGS, the Home DGS may put an end to the Payout Process and advise the Host DGS accordingly.

  • In case of a Payout Process and notwithstanding any ‘conflict of law’ principle to the contrary the relations between a Home DGS and a Host DGS under the Agreement shall be construed in accordance with, and governed by, the law of the Host Country.

  • If invoices by suppliers related to the Payout Process bear taxes, including VAT, for the Host DGS, those taxes shall also be charged to the Home DGS.

Related to Payout Process

  • Process unit means equipment assembled for the extraction of natural gas liquids from field gas, the fractionation of the liquids into natural gas products, or other operations associated with processing natural gas products. A process unit can operate independently if supplied with sufficient feed or raw materials and sufficient storage facilities for the products.

  • RFP Process or “Bidding Process” means the process governing the submission and evaluation of the Bids as set out in the RFP itself;

  • Performance Milestone means any of the milestones described in Section A2 (Performance Milestones) of attached Exhibit A (Start-Up License Schedule).

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Goal means the intended or projected result of a comprehensive corrections plan or community corrections program to reduce prison commitment rates, to reduce the length of stay in a jail, or to improve the utilization of a jail.