Withheld Funds definition

Withheld Funds refers to the monies withheld by DMAHS or the MCOs of otherwise payable claims to C-Line during the period of withholding. The parties understand that the Withheld Funds cannot be determined until MFD has completed an accounting of such funds. MFD shall make all reasonable efforts to provide to C-Line with an accounting of Withheld Funds no later than ninety (90) days after the effective date of this Settlement Agreement. Given the current challenges brought about by COVID 19, the accounting may take longer than ninety (90) days, but will be provided as soon as practicable. Nothing in this Settlement Agreement precludes C-Line from disputing the amount of the Withheld Funds by any means permitted by law.
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Withheld Funds shall have the meaning as set forth in Section 8.2(e).
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Withheld Funds refers to the monies withheld by DMAHS or the MCOs of otherwise payable claims to Cutrite during the period of withholding. The parties understand that the Withheld Funds cannot be determined until MFD has completed an accounting of such funds. MFD shall make all reasonable efforts to provide to Cutrite an accounting of Withheld Funds no later than ninety (90) days after the effective date of this Settlement Agreement. Given the current challenges brought about by COVID 19, the accounting may take longer than ninety (90) days, but will be provided as soon as practicable.
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Examples of Withheld Funds in a sentence

  • Prompt Payment of Withheld Funds to SubconsultantsThe LOCAL AGENCY may hold retainage from CONSULTANT and shall make prompt and regular incremental acceptances of portions, as determined by the LOCAL AGENCY, of the contract work, and pay retainage to CONSULTANT based on these acceptances.

  • Any violation of these provisions of Prompt Progress Payment and Prompt Payment of Withheld Funds to Subcontractors shall subject the violating prime contractor or subcontractor to the penalties, sanctions and other remedies specified therein.

  • This clause applies to both DBE and non-DBE subcontractors.Any violation of these provisions of Prompt Progress Payment and Prompt Payment of Withheld Funds to Subcontractors shall subject the violating prime contractor or subcontractor to the penalties, sanctions and other remedies specified therein.

  • Prompt Payment Of Withheld Funds To Subcontractors: The City shall hold retainage from the prime contractor and shall make prompt and regular incremental acceptances of portions, as determined by the City of the contract work and pay retainage to the prime contractor based on these acceptances.

  • Should the Contractor exercise his or her option, as provided in subsection of 90-08 Payment of Withheld Funds of this section, no such percent retainage shall be deducted.

  • Each Taking was made pursuant to a master agreement and individual investment agreements with each of the Placement Banks and in the case of Tadhamon Capital, a Murabaha term “loan.” The Debtors intend to vigorously dispute the right of the Placement Banks to set off the Withheld Funds.

  • Contractor shall reference the following contract clauses: General Terms and Conditions concerning Prompt Payment to Subcontractors and Prompt Payment of Withheld Funds to Subcontractors.

  • Prompt Payment of Withheld Funds to Subcontractors The local agency shall include either (1), (2), or (3) of the following provisions [local agency equivalent will need Caltrans approval] in their federal-aid contracts to ensure prompt and full payment of retainage [withheld funds] to subcontractors in compliance with 49 CFR 26.29.

  • Please see General Terms and Conditions concerning “Prompt Payment to Subcontractors and Prompt Payment of Withheld Funds to Subcontractors.” The Contractor shall submit the final Form 103 report within 14 calendar days of final payment.

  • Prompt Payment of Withheld Funds to SubcontractorsThe COUNTY may hold retainage from CONTRACTOR and shall make prompt and regular incremental acceptances of portions, as determined by the COUNTY, of the contract work, and pay retainage to CONTRACTOR based on these acceptances.


More Definitions of Withheld Funds

Withheld Funds refers to the monies withheld by DMAHS or the MCOs of otherwise payable claims to Total Care Nursing during the period of withholding. The Parties understand that the Withheld Funds cannot be determined until MFD has completed an accounting of such funds. MFD shall make all reasonable efforts to provide to Total Care Nursing with an accounting of Withheld Funds no later than ninety (90) days after the effective date of this Settlement Agreement. Given the current challenges brought about by the COVID-19 pandemic, the accounting may take longer than ninety (90) days, but will be provided as soon as practicable. Nothing in this Settlement Agreement precludes Total Care Nursing from disputing the amount of Withheld Funds by any means permitted by law.
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Withheld Funds means the cash payments specified in Subsections 2.5.1 and 2.5.2 below which shall be held by Buyer in accordance with Section 12 below until the satisfaction of the respective conditions set forth in Subsections 2.5.1, 2.5.2 and in Section 12.
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Withheld Funds shall have the meaning specified in Article X.
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Withheld Funds has the meaning given in Section 2.9.
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Withheld Funds has the meaning ascribed to it in Section 6.6(a).
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Related to Withheld Funds

  • Collected Funds means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such Collection Period, including all Net Liquidation Proceeds collected during such Collection Period (but excluding any Purchase Amounts).

  • Withheld Amounts shall have the meaning assigned to such term in Section 3.

  • Withheld Amount means any amount required to be withheld by the Partnership to pay over to any taxing authority as a result of any allocation or distribution of income to a Partner.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Good Funds means immediately available funds delivered by confirmed wire transfer to an account designated by the Closing Agent.

  • Excess Funds shall have the meaning set forth in Section 2(l) of this Agreement.

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Maximum Funds means the maximum Funds set out in Schedule “B”.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Escrow Cash is defined in Section 4.1(a).

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Holding Account means an account:

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Cleared Funds means the proceeds of cheque deposits to your account, once the cheque is cleared, cash deposits and direct credits.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • After-Tax Account means a Participant’s account to which are credited After-Tax Contributions, if any, and earnings and losses thereon.

  • Escrowed Payment means an aggregate cash payment of up to $250,000;

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Imposition Deposits are defined in Section 7(a).