Reporting and Payment Procedures Sample Clauses
The Reporting and Payment Procedures clause outlines the processes and timelines for submitting required reports and making payments between parties. Typically, it specifies the format, frequency, and content of reports, as well as the methods and deadlines for payment, such as monthly sales reports followed by remittance of royalties. This clause ensures both parties have clear expectations regarding financial and informational exchanges, reducing the risk of disputes and promoting transparency in the business relationship.
Reporting and Payment Procedures. 1. Payment Procedures
Reporting and Payment Procedures. Risk Summary Sheets for each risk and a monthly bordereau of all risks ceded shall be submitted to the Reinsurer within (twenty) 20 working days after the last day of each month. Any premium amounts due the Reinsurer shall be paid with the bordereau. Risk Summary Sheets for each insured shall include the following information:
1. Total Insured Values 2. Construction 3. Protection Class 4. 100% of Company's Gross Premium for the Risk 5. Net Reinsurance Rate 6. Net Reinsurance Premium Bordereau for all risks ceded during the preceding month shall list the following information:
1. Named Insured 2. Reinsurance Premium 3. Reinsurance Period 4. Policy Number
Reporting and Payment Procedures. On or before the ________________________ [number] day of each calendar quarter, beginning with the first calendar quarter following the date of this agreement, the Licensee must furnish the Licensor with an unaudited statement of the sales of the Products by the Licensee during the preceding calendar quarter. This statement must include a listing of each type of good marketed by the Licensee under the Licensed Trademarks during the reporting quarter and a statement of the quantity of each type of good sold. The statement must also include a computation of the royalty due to the Licensor for the reporting quarter, and full payment of the royalty must accompany the statement. The Licensee will be entitled to a credit against the royalty due for any reporting quarter equal to percent of any credit or refund given by the Licensee to a customer who bought the Product from the Licensee in the previous quarter and returned it to the Licensee during the reporting quarter. The statement furnished by the Licensee to the Licensor for any quarter in which a credit is claimed must include an explanation in reasonable detail about the reason for and amount of the credit or refund given by the Licensee to its customer. Where tl1e total royalty paid or to be paid at the end of any one calendar quarter is less than a quarter of the annual minimum royalty for that period, Licensee shall make a payment of a quarter of the annual minimum royalty within [-number-] days of the end of said quarter.
Reporting and Payment Procedures. Program Income
Reporting and Payment Procedures. Program Income Indirect Costs Payment Procedures
Reporting and Payment Procedures. The Sub-recipient shall report at least quarterly all expenses incurred and associated project activities carried out with CDBG and non-CDBG funds. The Sub-recipient shall follow the reimbursement request process as set forth by the County and CDBG program administrator. Reimbursements are subject to the following but not limited to: eligibility of expenses, proper reporting and expense documentation, availability of funds, and authorization by the County and CDBG program administrator. DocuSign Envelope ID: E4D55B2A-BBB1-48FF-A259-0798F37C0F0E
Reporting and Payment Procedures. Risk Summary Sheets for each risk and a monthly Bordereaux of all risks ceded shall be submitted to the Reinsurer within 20 working days after the last day of each month. Any premium amounts due the Reinsurer shall be paid with the Bordereaux. Risk Summary Sheets for each insured shall include the following information:
1. Total Insured Values 2. Construction 3. CLUG Classification 4. Protection Class 5. 100% of Meridian's Gross Premium for the Risk 6. Net Resinsurance Rate 7. Net Reinsurance Premium
Reporting and Payment Procedures