Reconciliation Payments definition

Reconciliation Payments has the meaning given to that term in Clause 56.2(G) (State Aid Suspension);
Sample 1Sample 2Sample 3
Reconciliation Payments means any payments made or received by a party to the Collaboration Agreement to or from the other party to the Collaboration Agreement in accordance with Section 4.3.4 of the Collaboration Agreement.
Sample 1
Reconciliation Payments. (such as year end payments or refunds on account of real estate tax contributions, common area maintenance cost payments and insurance and other payments) made by or to Lessee under the Leases for the applicable billing period (e.g., calendar year, lease year, fiscal year, tax year, etc.) during which the Closing occurs shall be apportioned between Purchaser and Sellers based on the amount paid or payable by Purchaser and Sellers respectively for those costs and expenses that are subject to year end adjustments in accordance with the terms of the Leases (“Adjustable Costs”), less the amount of any payment received by Purchaser and Sellers respectively with respect thereto (including adjustments under this Agreement in accordance with Sections 8.4(a) and 8.4(b) above). Sellers shall, not later than thirty (30) days after Closing, deliver to Purchaser, a detailed computation showing all expenses incurred by Sellers on account of all such Adjustable Costs for the period from the beginning of the applicable billing period (e.g., calendar year, lease year, fiscal year, tax year, etc.) through and including the Date of Closing, and the amount of payments on account of Adjustable Costs theretofore collected by Sellers under the Leases (as adjusted pursuant to Section 8.4(b) above) (“Tenant Charge Estimates”), together with copies of all invoices and other evidence documenting such computation in detail required by the Leases. Purchaser shall include the Adjustable Costs incurred by Sellers into a single post closing reconciliation statement for one or more Reconciliation Payments as and when appropriate for annual reconciliation of Adjustable Costs under the Leases.
Sample 1

Examples of Reconciliation Payments in a sentence

  • Upon these terms, and subject to the conditions set forth in this Agreement, Student pledges and agrees to make Monthly Payments and Reconciliation Payments, if any, required under this Agreement as payment to Funder on account of the Funding.

  • Part D Sponsors must submit a separate Record of P2P Reconciliation Payments for each contract.Answer: The correct answer is False.Feedback: Part D Sponsors must submit the Record of P2P Reconciliation Payments to reflect any P2P payments made for the contract year.

  • Your obligation under this agreement ends when either:  You have made Payments for [X] months (including any Term extensions, required Reconciliation Payments, and fees); or  You prepay the agreement by making a payment equal to the Monthly Prepayment Amount shown in Exhibit B for the current year of your Term multiplied by the number of months remaining in the Term, plus any outstanding Payments and fees.

  • There will be a Final Reconciliation Payment at the cancellation, termination or lapse of the contract equal to the difference between (1) the product of (i) the number of full or partial [****] periods having elapsed as of the date of cancellation, termination or lapse and (ii) $[****], and (2) the result of adding (x) the actual purchases made through the date of cancellation, termination or lapse, and (y) all forfeited Reconciliation Payments.

  • Food and agriculture, cultivation, including farming, livestock, fishing and processing.

  • Where Services purchased during a [****] period are cancelled, postponed or reduced in scope after the close of that year, there will be a retroactive adjustment to the prior year's purchases, which may result in additional revenue Reconciliation Payments.

  • Let’s turn our attention to P2P Attestation and Record of P2P Reconciliation Payments.

  • The report must be provided in the Record of P2P Reconciliation Payments Worksheet, which is an Excel worksheet, and must be submitted in the Health Plan Management System.

  • REEF may withhold, deduct, or offset any amounts that are payable by Company to REEF against any Reconciliation Payments or other payments REEF or its applicable Affiliate(s) may make to Company or Company’s Affiliates from any positive balance remaining on the Deposit or from future fees.

  • We also described the attestation of P2P Reconciliation Payment Data and Record of P2P Reconciliation Payments Worksheet.In addition, it is key to remember that P2P reconciliation is a financial settlement process between two Part D Sponsors in which the Contract of Record compensates the Submitting Contract for all CPP or LICS amounts paid by the Submitting Contract for a beneficiary who belongs to the Contract of Record.

Related to Reconciliation Payments

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Termination Payments has the meaning specified in Section 10(a).

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Monthly shall be construed accordingly;

  • Total Service Charges means all charges, after application of all discounts and credits, incurred by Customer for Services provided under this Agreement, excluding Taxes, Governmental Charges, equipment, Company ILEC, Company Wireless, Document Delivery Fax, non-recurring, goods and services acquired by Company as Customer’s agent, international access that is passed-through (Type 3/PTT) or provided by Company (Type 1), charges for security services provided by a Cybertrust Security Service Provider listed in the Guide, and other charges expressly excluded by this Agreement.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Expense Fees As to each Mortgage Loan, the sum of the Servicing Fee and the Trustee Fee.

  • Interim Payment has the meaning specified in Section 10.1.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.