True-Up is defined in Section 3.4 of this Agreement.
True-Up means an annual evaluation of the suitability of the Tier chosen for the Per Capacity Software.
Examples of True-Up in a sentence
Philips will automatically update Customer invoice to match the current Sectors installed on the True Up date on a go forward basis.
The terms and conditions applicable to the Software also apply to any Update of that Software, and Company must track its Use of Software and True Up any unpurchased use.
Company must promptly True Up any unpurchased SDD-Based Services rendered by Xxxxxxx.
More Definitions of True-Up
True-Up means any payment made to a recipient, any charge assessed to a recipient, and any adjustment to recipient’s periodic payments pursuant to a true-up mechanism.
True-Up means the lesser of (a) or (b) will be credited back to the SHIPPER within sixty (60) days after the end of each calendar year during the Term:
True-Up means: if actual Project Operation and Maintenance Expenses are more or less than budgeted Project Operation and Maintenance Expenses used to calculate the Company Water Rate paid during the Fiscal Year, a corresponding adjustment (up or down) will be provided against the subsequent Fiscal Year budget and computed Company Water Rate for that Fiscal Year. The Parties agree that, given the status of the Agency and the District as governmental agencies and the requirements under law that they incur only reasonable and prudent costs and expenses for purposes related to their governmental duties and the fact that such costs and expenses are subject to public review and scrutiny, all Fixed Project Costs and Project Operation and Maintenance Expenses incurred by the Agency and/or the District in compliance with the terms of this Agreement shall reflect only the actual cost of service consistent with California public agency laws and regulations and shall be subject to CPUC review consistent with that used for existing water purchase agreements by CPUC-regulated Class A investor-owned water utilities. The District covenants and agrees to pay to the Agency the revenues received from the Company from the Company Water Payments provided, however, it will reduce the payment amount by any portion of the Fixed Project Costs and Project Operation and Maintenance Expenses directly paid or incurred by the District. In addition to any other right or remedy available pursuant to this Agreement, if an Event of Default should occur under Section 20(c)(5) or Section 20(c)(6) at any time after the Expansion Performance Start Date, then the District shall pay a District Shortfall Payment to the Company determined as the Replenishment Assessment Rate multiplied by the cumulative Company Water Shortfall for each applicable Fiscal Year. The District shall pay the District Shortfall Payment to the Company within sixty days following last day of the Fiscal Year for which such payment becomes due. The Company, in its sole discretion, may elect any District Shortfall Payment to be credited against any Company Water Payment payable to the District pursuant to Section 17.
True-Up is defined in Section 3.4.
True-Up means, as of the Record Date, the difference between: (a) the sum of (i) the number of issued and outstanding Renren ADSs (other than those held by Defendants and D&O Releasees) as of the Record Date when multiplied by $38.6866 and (ii) the number of issued and outstanding Renren Class A ordinary shares held by shareholders of record (other than Defendants and D&O Releasees and excluding all Renren Class A ordinary shares held by the Depositary as the record shareholder in connection with Renren’s ADS facility) as of the Record Date when multiplied by $0.859701, and (b) $300,000,000. For the avoidance of doubt, the OPI Payors shall be required to pay into the Settlement Account that difference only to the extent that the sum calculated pursuant to (a) above is greater than $300,000,000. In other words, the True Up = [(# of non-Defendant, non-D&O Releasee Renren-issued and outstanding ADSs as of the Record Date) x $38.6866 + (# of non-Defendant, non-D&O Releasee Renren-issued and outstanding Class A shares of record as of the Record Date) x $0.859701)] - $300,000,000. Under no circumstance, however, shall the total Settlement Amount be less than $300,000,000. To the extent there is a True Up, the OPI Payors shall pay 100% thereof. In the event that Duff & Phelps fails to pay the Duff & Phelps Contribution, the amount of the True Up shall be determined in accordance with paragraph 4 below.
True-Up. Amount is defined in Section 4.2.
True-Up means the reconciliation of amounts owed by one Party to the other on a Project.