Cost Report and Settlement Clause Samples

The 'Cost Report and Settlement' clause outlines the process by which parties review, reconcile, and finalize the actual costs incurred during a project or contractual engagement. Typically, this clause requires one party to submit a detailed report of expenses, which the other party then reviews for accuracy and completeness. Any discrepancies are resolved through negotiation or adjustment, and a final settlement amount is agreed upon and paid. This clause ensures transparency in financial dealings and helps prevent disputes over costs by providing a clear mechanism for cost verification and resolution.
Cost Report and Settlement. No later than ninety (90) days following the termination of this Agreement, Contractor shall submit to Agency a cost report in the form required by Agency, showing the allowable costs that have actually been incurred by Contractor under this Agreement. If said cost report shows that the allowable costs that have actually been incurred by Contractor under this Agreement exceed the payments made by Agency pursuant to Paragraph 2 (Payment Amounts) above, Agency will remit any such excess amount to Contractor, but subject to Payment Limit of this Agreement. If said cost report shows that the payments made by Agency pursuant to Paragraph 2 (Payment Amounts) above exceed the allowable costs that have actually been incurred by Contractor under this Agreement, Contractor shall remit any such excess amount to Agency.
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Cost Report and Settlement. No later than forty-five (45) days following the termination of this Contract, Contractor shall submit to County a cost report in the form required by County, showing the allowable costs that have actually been incurred by Contractor under this Contract. If the cost report shows that the allowable costs actually incurred by Contractor under this Contract exceed the payments made by County, subject nevertheless to the payment limit of this Contract, County will remit any such excess amount to Contractor, provided that the payments made, together with any such excess amount, may not exceed the contract payment limit. If the cost report shows that the payments made by County exceed the allowable costs actually incurred by Contractor under this Contract, Contractor shall remit any such excess amount to County.
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Cost Report and Settlement. No later tl1an forty-five (45) days follmving tl1e termination of tlus Contract, Contractor shall submit to County a cost report in tl1e form required by County, showing tl1e allowable costs that have actually been incurred by Contractor under tlus Contract. If tl1e cost report shows tl1at tl1e allowable costs actually incurred by Contractor under tlus Contract exceed tl1e payments made by County, subject nevertl1eless to tl1e payment limit of tlus Contract, County will remit any such excess amount to Contractor, provided tl1at the payments made, together witl1 any such excess amount, may not exceed tl1e contract payment limit. If tl1e cost report shows tl1at tl1e payments made by County exceed tl1e allowable costs actually incurred by Contractor under tlus Contract, Contractor shall remit any such excess amount to County.
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Cost Report and Settlement. No ▇▇▇.▇▇ than forty-five (45) days following Lhe termination of this Conlracl, Contractor shall submit. to County a cost. report in the form required by County, showing the allowable costs that have actually been incurred by ConLracLor under tlus Contract. If the cosL report shows that the allowable costs actually incwTed by Contractor under this Contract exceed tl1e payments made by County, subject nevertheless Lo the payment. limit of tlus Contract, County will remit any such excess amount. lo Contractor, provided that tl1e payments made, together with any such excess amount, may nol exceed the contract. payment ▇▇.▇▇▇ If the cosl report shows that tl1e payments made by County exceed the allowable costs actually incurred by ConLraclor under this Contract, Contractor shall remit any such excess ,m1oun1. Lo County.
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Related to Cost Report and Settlement

  • On Reconciliation and Settlement If the year-end reconciliation and settlement process demonstrates that the HSP received Funding in excess of its confirmed funds, the Funder will require the repayment of the excess Funding.

  • CLOSING AND SETTLEMENT Seller/Landlord shall determine the title company at which settlement shall occur and shall inform Buyer/Tenant of this location in writing. Buyer/Tenant agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Buyer/Tenant. The only expense related to closing costs apportioned to Seller/Landlord shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which Seller/Landlord is solely responsible.

  • PAYMENT AND SETTLEMENT You shall deliver to the Manager on the date and at the place and time specified in the applicable AAU (or on such later date and at such place and time as may be specified by the Manager in a subsequent Wire) the funds specified in the applicable AAU, payable to the order of ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Inc., for (i) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of the Firm Securities to be purchased by you, (ii) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of such of the Firm Securities to be purchased by you as shall have been retained by or released to you for direct sale as contemplated by Section 3.6 hereof or (iii) the amount set forth or indicated in the applicable AAU, as the Manager shall advise. You shall make similar payment as the Manager may direct for Additional Securities, if any, to be purchased by you on the date specified by the Manager for such payment. The Manager will make payment to the Issuer or Seller against delivery to the Manager for your account of the Securities to be purchased by you, and the Manager will deliver to you the Securities paid for by you which shall have been retained by or released to you for direct sale. If the Manager determines that transactions in the Securities are to be settled through the facilities of DTC or other clearinghouse facility, payment for and delivery of Securities purchased by you shall be made through such facilities, if you are a member, or, if you are not a member, settlement shall be made through your ordinary correspondent who is a member.

  • Defense and Settlement The Receiver shall have the right, in its discretion, to (i) defend or settle any claim or suit against the Assuming Institution with respect to which the Receiver has indemnified the Assuming Institution in the same manner and to the same extent as provided in Article XII, and (ii) defend or settle any claim or suit against the Assuming Institution with respect to any Liability Assumed, which claim or suit may result in a loss to the Receiver arising out of or related to this Agreement, or which existed against the Failed Bank on or before the Bank Closing Date. The exercise by the Receiver of any rights under this Section 9.3(a) shall not release the Assuming Institution with respect to any of its obligations under this Agreement.

  • Clearance and Settlement If the Pricing Agreement specifies that the Securities will clear and settle through one or more clearing systems, the Securities will be eligible for clearance and settlement through such clearing system or systems.