CONSIDERATION AND PAYMENT PROCEDURES Clause Samples

CONSIDERATION AND PAYMENT PROCEDURES. The terms and conditions for consideration and payment procedures under this Agreement are as follows:
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CONSIDERATION AND PAYMENT PROCEDURES. The terms and conditions for consideration and payment procedures under this Agreement are as follows: A. Medicaid Sub-Capitation Funding Methodology and Payments. Given the requirements and limitations of the MDHHS/PIHP Contract, the Payor has elected under this Agreement to subcontract the actual provision of mental health specialty supports and services to the Provider, as a CMHSP, for the Medicaid eligibles within the County of (1.) For the purposes of Medicaid payments from the Payor to the Provider, the prepaid sub-capitation funding methodology under this Agreement is as follows: MSHN will use the MDHHS PEPM rates, net of any required taxes and fees that must be paid to the State of Michigan, paid to this PIHP as the basis for the payment to each CMHSP. The only additional modification to this rate will be the application of a PIHP indirect administration cost adjustment, on a projected cost basis. (2.) The MDHHS/PIHP Contract, requires that contracts include a description of the method of payment for Medicaid funds to be used by the PIHP and assumptions used that such payments to a Provider are at a level that will meet the needs of beneficiaries residing in that county(ies) of that CMHSP. Thereto, for the purposes of Medicaid payments from the Payor to the Provider, the prepaid sub-capitation funding methodology under this Agreement is as follows:
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Related to CONSIDERATION AND PAYMENT PROCEDURES

  • Reporting and Payment Procedures 1. Payment Procedures

  • Consideration and Payment The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • Billing and Payment Procedures and Final Accounting 6.1.1 The Connecting Transmission Owner shall bill the Interconnection Customer for the design, engineering, construction, and procurement costs of Interconnection Facilities and Upgrades contemplated by this Agreement on a monthly basis, or as otherwise agreed by those Parties. The Interconnection Customer shall pay all invoice amounts within 30 calendar days after receipt of the invoice. 6.1.2 Within three months of completing the construction and installation of the Connecting Transmission Owner’s Interconnection Facilities and/or Upgrades described in the Attachments to this Agreement, the Connecting Transmission Owner shall provide the Interconnection Customer with a final accounting report of any difference between (1) the Interconnection Customer’s cost responsibility for the actual cost of such facilities or Upgrades, and (2) the Interconnection Customer’s previous aggregate payments to the Connecting Transmission Owner for such facilities or Upgrades. If the Interconnection Customer’s cost responsibility exceeds its previous aggregate payments, the Connecting Transmission Owner shall invoice the Interconnection Customer for the amount due and the Interconnection Customer shall make payment to the Connecting Transmission Owner within 30 calendar days. If the Interconnection Customer’s previous aggregate payments exceed its cost responsibility under this Agreement, the Connecting Transmission Owner shall refund to the Interconnection Customer an amount equal to the difference within 30 calendar days of the final accounting report. 6.1.3 If the Interconnection Customer disputes an amount to be paid, the Interconnection Customer shall pay the disputed amount to the Connecting Transmission Owner or into an interest bearing escrow account, pending resolution of the dispute in accordance with Article 10 of this Agreement. To the extent the dispute is resolved in the Interconnection Customer’s favor, that portion of the disputed amount will be credited or returned to the Interconnection Customer with interest at rates applicable to refunds under the Commission’s regulations. To the extent the dispute is resolved in the Connecting Transmission Owner’s favor, that portion of any escrowed funds and interest will be released to the Connecting Transmission Owner.