Dispute Adjustments Clause Samples

Dispute Adjustments. If the CP objects to the amount charged by the Invoice, it must give the TA notice in writing within 14 calendar days after the date of issue of the Invoice stating precisely the grounds of objection, together with supporting evidence. Any amount payable under the Invoice must be paid in full before the Payment Due Date notwithstanding any notice of objection. The TA shall resolve the objection within one month after receipt of the notice of objection. If any adjustment is found before or after the Payment Due Date, the TA will notify the Intermediary and the adjustment will then be reflected on the Invoice issued after the following cycle’s Notification Day. If there is a credit/debit adjustment, all refund/recollection will be arranged through an adjustment in the upcoming USC Collection Cycle Invoice for corresponding CP. The affected Invoice will not be reversed or adjusted. Given the above, dispute adjustment will not be entertained for the last USC Collection Cycle under the Agreement. It should be noted that dispute adjustment is not applicable to USC Collection Cycle 1-11 data. If the credit adjustment is greater than the billed amount charged under the Invoice, a refund will be sent to the CP. If the refund is greater than the current available balance in the Settlement Account, the Intermediary will serve a written notice to PCCWHKTC requesting transfer of adequate amount to the Settlement Account. The Intermediary may only execute the refund upon receipt of sufficient amount from PCCWHKTC and will not be responsible for any delay due to insufficient available balance in the Settlement Account to cover the batch of refund. If the credit adjustment is less than the billed amount charged under the Invoice, the difference will be collected from the CP on the coming USC Collection Cycle. No interest will be accrued for any credit adjustment amount. Interest at Prime Rate Plus 2% will be applied to the debit adjustment amount calculated from the date after the corresponding Payment Due Date to the date this dispute is resolved. Such date will be advised by TA by written notice. The difference with accrued interest will be collected from the CP on the coming USC Collection Cycle. Prime Rate is fixed as at the date immediately after the corresponding Payment Due Date. 5.11 Credit adjustments will be used to settle outstanding of other USC Collection Cycles on first-in-first- out basis. If credit adjustment is greater than the sum of all outstanding cycl...
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Related to Dispute Adjustments

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Equitable Adjustments (1) If the Contracting Officer confirms that Government conduct effected a change as alleged by the Contractor, and the conduct causes an increase or decrease in the Contractor's cost of, or the time required for, performance of any part of the work under this contract, whether changed or not changed by such conduct, an equitable adjustment shall be made-- (i) In the contract price or delivery schedule or both; and (ii) In such other provisions of the contract as may be affected. (2) The contract shall be modified in writing accordingly. In the case of drawings, designs or specifications which are defective and for which the Government is responsible, the equitable adjustment shall include the cost and time extension for delay reasonably incurred by the Contractor in attempting to comply with the defective drawings, designs or specifications before the Contractor identified, or reasonably should have identified, such defect. When the cost of property made obsolete or excess as a result of a change confirmed by the Contracting Officer under this clause is included in the equitable adjustment, the Contracting Officer shall have the right to prescribe the manner of disposition of the property. The equitable adjustment shall not include increased costs or time extensions for delay resulting from the Contractor's failure to provide notice or to continue performance as provided, respectively, in (b) and (c) above.

  • Wage Adjustments If the funding available to be used for wages provided by Government in any fiscal year increases, the Employer shall pass on such increases to employees consistent with the funding increase adjusted for any additional deficits that this contract incurs. This will be the case whether the funding increase is for the entire year or simply a portion of it, and wage increases shall be effective upon the effective date of the increased funding. Should there be no increase provided by Government, wages will be maintained at their present levels. Should there be a decrease in funding, then the Employer will maintain wages at present levels. The Employer will promptly provide the Union with any information it receives from the Government regarding funding available for wages, and the parties will meet as required to work towards cooperative resolution of any issues arising from this Government information.

  • Royalty Adjustments The following adjustments shall be made, on a Licensed Product-by-Licensed Product and country-by-country basis, to the royalties payable pursuant to this Section 5.5: