Adjustment for Progressive Liabilities Clause Samples

Adjustment for Progressive Liabilities. Within two (2) Business Days following the Closing, Sellers (or a “qualified intermediary” designated by Sellers) shall pay to Buyer an amount equal to the amounts shown as of the Transfer Time on: (a) the Partnership’s progressive slot machine meters as of the Transfer Time (if not removed by the vendor at or before the Transfer Time); and (b) table games with an in-house progressive jackpot feature as of the Transfer Time.
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Adjustment for Progressive Liabilities. The applicable Seller (or if an Electing Seller, its designated "qualified intermediary") shall pay to Buyer an amount equal to the amounts shown on: (i) the face amount of such Seller's progressive slot machine meters as of the Transfer Time (if not removed by the vendor at or before the Transfer Time); and (ii) the face amount of the meters for such Seller's table games with an in-house progressive jackpot feature as of the Transfer Time.
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Adjustment for Progressive Liabilities. Seller shall, on the Closing Statement, credit Purchaser for an amount equal to the amounts shown as of the Closing Date on the meters of: (i) The Hotel’s in-house progressive slot machines; (ii) The Hotel’s table games with an in-house progressive jackpot feature as of the Closing Date; and (iii) The Hotel’s other games with an in-house progressive feature.
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Adjustment for Progressive Liabilities. Within two (2) Business Days following the Termination Date, HHLV shall pay to Speakeasy an amount equal to the amounts shown as of the Transfer Time on: (a) the Project’s in-house progressive slot machine meters as of the Transfer Time (if not removed by the vendor at or before the Transfer Time); (b) table games with an in-house progressive jackpot feature as of the Transfer Time; and (c) any other games with an in-house progressive feature as of the Transfer Time.
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Adjustment for Progressive Liabilities. Within two (2) Business Days following the Closing, Coast shall pay to ▇▇▇▇▇▇'▇ in immediately available funds an amount equal to the amounts shown as of the Time of Proration on the meters of: (a) Coast's in-house progressive slot machines located at the Barbary Coast (if not removed by the vendor at or before the Time of Proration), and (b) table games with an in-house progressive jackpot feature (if not removed by the vendor at or before the Time of Proration). The collection of all Accounts Receivable other than the Tray Ledger accruing prior to the Time of Proration (including receivables and revenues for food, beverages and telephone and casino credit) shall be the responsibility of Coast. Following the Closing, ▇▇▇▇▇▇'▇ shall not be obligated to collect any such Accounts Receivable or revenues, but if ▇▇▇▇▇▇'▇, following the Closing, collects any Accounts Receivable, such amounts will be the property of Coast and will be promptly remitted to Coast. In addition, following the Closing, each of the parties shall reasonably cooperate with each other regarding the foregoing, and shall not enter into any relationship, agreement or take any action intended to frustrate the intent of this Section 4.5(b). The terms and conditions of this Section 4.5(b) shall survive the Closing.
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Adjustment for Progressive Liabilities. Purchaser shall offset the amounts payable to Seller pursuant to subclauses (i) and (ii) of this Section 2.8(a) by the amount of progressive liabilities (the “Progressive Liabilities”) equal to the sum of the face amounts shown on: (A) the meters for Seller’s slot machines with an in-house progressive jackpot feature as of the Transfer Time (if such slot machines are not removed by the vendor at or before the Transfer Time); and (B) the meters for Seller’s table games with an in-house progressive jackpot feature as of the Transfer Time.
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Related to Adjustment for Progressive Liabilities

  • Treatment of Unallowable Costs Previously Submitted for Payment Defendants further agree that within 90 days of the Effective Date of this Agreement they shall identify to applicable Medicare and TRICARE fiscal intermediaries, carriers, and/or contractors, and Medicaid and FEHBP fiscal agents, any Unallowable Costs (as defined in this paragraph) included in payments previously sought from the United States, or any State Medicaid program, including, but not limited to, payments sought in any cost reports, cost statements, information reports, or payment requests already submitted by Defendants or any of their subsidiaries or affiliates, and shall request, and agree, that such cost reports, cost statements, information reports, or payment requests, even if already settled, be adjusted to account for the effect of the inclusion of the Unallowable Costs. Defendants agree that the United States, at a minimum, shall be entitled to recoup from Defendants any overpayment plus applicable interest and penalties as a result of the inclusion of such Unallowable Costs on previously-submitted cost reports, information reports, cost statements, or requests for payment. Any payments due after the adjustments have been made shall be paid to the United States pursuant to the direction of the Department of Justice and/or the affected agencies. The United States reserves its rights to disagree with any calculations submitted by Defendants or any of their subsidiaries or affiliates on the effect of inclusion of Unallowable Costs (as defined in this paragraph) on Defendants or any of their subsidiaries or affiliates’ cost reports, cost statements, or information reports.

  • Complete Work without Extra Cost Except to the extent otherwise specifically stated in this contract, the Contractor shall obtain and provide, without additional cost to the City, all labor, materials, equipment, transportation, facilities, services, permits, and licenses necessary to perform the Work.

  • PROGRESS EVALUATION Engineer shall, from time to time during the progress of the Engineering Services, confer with County at County’s election. Engineer shall prepare and present such information as may be pertinent and necessary, or as may be reasonably requested by County, in order for County to evaluate features of the Engineering Services. At the request of County or Engineer, conferences shall be provided at Engineer's office, the offices of County, or at other locations designated by County. When requested by County, such conferences shall also include evaluation of the Engineering Services. County may, from time to time, require Engineer to appear and provide information to the Williamson County Commissioners Court. Should County determine that the progress in Engineering Services does not satisfy an applicable Work Authorization or any Supplemental Work Authorization related thereto, then County shall review same with Engineer to determine corrective action required. Engineer shall promptly advise County in writing of events which have or may have a significant impact upon the progress of the Engineering Services, including but not limited to the following: A. Problems, delays, adverse conditions which may materially affect the ability to meet the objectives of an applicable Work Authorization or any Supplemental Work Authorization related thereto, or preclude the attainment of Project Engineering Services units by established time periods; and such disclosure shall be accompanied by statement of actions taken or contemplated, and County assistance needed to resolve the situation, if any; and B. Favorable developments or events which enable meeting goals sooner than anticipated in relation to an applicable Work Authorization’s or any Supplemental Work Authorization related thereto.

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  • Statewide HUB Program Statewide Procurement Division Note: In order for State agencies and institutions of higher education (universities) to be credited for utilizing this business as a HUB, they must award payment under the Certificate/VID Number identified above. Agencies, universities and prime contractors are encouraged to verify the company’s HUB certification prior to issuing a notice of award by accessing the Internet (▇▇▇▇▇://▇▇▇▇▇.▇▇▇.▇▇▇▇▇.▇▇.▇▇/tpasscmblsearch/index.jsp) or by contacting