Reconciliation Payments definition

Reconciliation Payments has the meaning given to that term in Clause 56.2(G) (State Aid Suspension);
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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.
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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.
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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.

  • 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.

  • Company agrees REEF will recalculate and adjust at any time any Fee paid or payable based on REEF’s reconciliations (such adjustments, “Reconciliation Payments”) and without incurring any interest, late fees, or penalties in connection with any Reconciliation Payments.

  • Each Party and its Affiliates and contract research organizations will keep and maintain accurate and complete records showing the Shared Development Costs incurred by it in performing its activities under the Co-Development Plan during the [***] preceding Calendar Years, which books and records will be sufficiently detailed such that total Shared Development Costs and Development Cost Reconciliation Payments can accurately be determined.

  • In the event that Funder is required to file a lawsuit to collect Payments under this Agreement, Student agrees that Funder may seek all Monthly Payments and Reconciliation Payments that have come due as of the last-calculated amount and that these amounts will be binding, even if your actual Personal Income has changed.

  • Purchaser shall promptly remit to Sellers Sellers' pro-rata share of Reconciliation Payments received by Purchaser.

  • Following the determination of the student’s Annual Payment Obligation, Funder shall calculate any Reconciliation Payments that are due to or from Student based on the sum of his or her Monthly Payments during the preceding year (the “Total Monthly Payments”).

  • 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.

  • Upon the reconciliation by Purchaser of the amounts billed to tenants, and the amounts actually incurred for such calendar year, Sellers and Purchaser shall be liable for overpayments of Additional Rent ("Lease Overpayments"), and shall be entitled to payments from tenants ("Lease Reconciliation Payments"), as the case may be, on a pro-rata basis based upon each party's period of ownership during such calendar year.

  • In the event that Funder is required to file a lawsuit to collect Payments under this Agreement, Student agrees that Funder may seek all Monthly Payments and Reconciliation Payments that have come due as of the last-calculated amount and that these amounts will be binding, even if your actual Individual Earned Income has changed.