Monthly Reconciliation Process Sample Clauses

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Monthly Reconciliation Process. Within the first 5 working days of month T, Party B will send Party A a minutes to confirm the cross-check data, including: total number of transactions that have occurred and the fee Party B is entitled to of the month (T- 1 ), through the focal point in charge of reconciliation between the two Parties (via Email). - Within 02 working days from the date Party B sends the reconciliation minutes, Party A sends back a response confirming the agreement of the Minutes of confirmation of reconciliation data (via Email). In case Party A does not respond, it means that Party A accepts Party B's reconciliation Minutes. o If the data of the two Parties match: The two Parties shall sign a minutes to confirm the reconciliation data. o If the data of the two Parties do not match: The two Parties will temporarily settle payment according to the original data recorded on Party B's system. The incorrect transaction after finding out the cause will be confirmed and settled by the two Parties in the next payment period. In the event that the two Parties do not find out the cause of the incorrect transaction, the two Parties will negotiate and agree on how to resolve this difference. - After receiving the confirmation of completion of data reconciliation from Party A (via Email), the authorized representative of Party B signs and stamps the reconciliation minutes and issues an invoice for the fee based on the reconciliation minutes as signed. Party B sends the reconciliation minutes and signed invoice (postal) to Party A. Party A signs, stamps and returns to Party B, and saves the minutes signed by two (02) Parties for confirmation accompanied by a value-added invoice (VAT) as the basis for payment of service charges as a basis for payment of service charges. - The time for both Parties to sign for confirmation and Party B to receive the Minutes of confirmation of reconciliation data is before the 15th of every month.
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Monthly Reconciliation Process. The Parties and the Marketer shall comply with their respective obligations in connection with the monthly reconciliation process described in Schedule 9.7.
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Monthly Reconciliation Process. Within 3 business days of the end of ------------------------------ each calendar month, CNC shall conduct a "Monthly Reconciliation" as follows:
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Monthly Reconciliation Process. Within 3 business days of the end of each ------------------------------ calendar month, CNC shall conduct a "Monthly Reconciliation" as follows: a. Prepare and deliver to Intuit a report containing (A) the usage, customer service and performance information described in Exhibit "A", and (B) the "Cumulative Service Charges" chargeable to Intuit for the applicable calendar month, net of all applicable penalties, credits and reimbursements calculated as follows: (i) the chargeable time and related cumulative Service Charges for each Customer/Service Category (Full, Restricted, Non-Internet Traffic, and Off Peak Access) plus (ii) ---- the amount of any Forecast Shortfall Penalty (calculated pursuant to Item (1) below), if any, minus (iii) financial penalties for CNC's failure to meet Performance Standards (see Item (2) below), if any, plus ---- (iv) any amounts owed to Intuit for Customer Service Charges ---------------- [*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. reimbursable by CNC pursuant to Exhibit "C" of the Agreement, minus (v) ----- any amounts owed by Intuit to CNC for Customer Service charges reimbursable by Intuit pursuant to Exhibit "C" of the Agreement, plus or ------- minus (vi) any other adjustments agreed to between the parties. CNC ----- shall also include an invoice for the Cumulative Service Charges, as adjusted pursuant to this Agreement, and Intuit shall pay such invoice within thirty days of its receipt.
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Monthly Reconciliation Process. The monthly financial statement, to be distributed the first Thursday of each month, is the tool to ensure that all invoices have been properly accounted for by both parties and to ensure both parties are in agreement as to the remaining balances for each work element and funding source. The MPO shall review the financial statement, and if there are variances, the MPO shall notify MPD Finance within ten (10) calendar days. The MPO shall be responsible for providing any necessary supplemental information to reconcile variances.
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Related to Monthly Reconciliation Process

  • Contract Reconciliation Grantee, within 45 calendar days after the end of each fiscal term year, will submit to the System Agency email box, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇.▇▇, financial and reconciliation reports required by System Agency in forms as determined by System Agency.

  • Account Reconciliation You will verify and reconcile any out-of-balance condition, and promptly notify the Credit Union of any errors within the time periods established in the Membership and Account Agreement after receipt of your account statement. If notified within such period, the Credit Union shall correct and resubmit all erroneous files, reports, and other data at the Credit Union's then standard charges, or at no charge, if the erroneous report or other data directly resulted from the Credit Union's error.

  • Annual Reconciliation At the end of each Expense Year or as soon as practicable following the end of each Expense Year, Landlord shall deliver to Tenant a statement (the “Annual Reconciliation”) of: (a) the actual annual Operating Expenses and Tenant’s Percentage of Operating Expenses for the preceding year, and (b) the actual annual Real Property Taxes and Tenant’s Percentage of Real Property Taxes for the preceding year. If for any year, the sum of Tenant’s Percentage of Operating Expenses and Tenant’s Percentage of Real Property Taxes (as specified in the Annual Reconciliation) is less than the total amount of the estimated payments made by Tenant under Section 6.3.1 above for such year, then any such overpayment, or overpayments, shall be credited toward the monthly Rent next falling due after determination by Landlord of such overpayment, or overpayments (or if the Term shall have expired or terminated, shall be refunded to Tenant in a lump sum payment within thirty (30) days following the Tenant’s receipt of such Annual Reconciliation). Similarly, if for any year, the sum of Tenant’s Percentage of Operating Expenses and Tenant’s Percentage of Real Property Taxes (as specified in the Annual Reconciliation) is more than the total amount of the estimated payments made by Tenant under Section 6.3.1 above for such year, then any such underpayment, or underpayments, shall be paid by Tenant to Landlord concurrently with the next regular monthly Basic Rent payment coming due after Tenant’s receipt of the Annual Reconciliation (or if the Term shall have expired or terminated, within thirty (30) days following the Tenant’s receipt of such Annual Reconciliation).

  • Reconciliation In the event that the Corporate Taxpayer and a Member are unable to resolve a disagreement with respect to the matters governed by Sections 2.03, 3.01(b), 4.02 and 6.02 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to both parties. The Expert shall be a partner or principal in a nationally recognized accounting or law firm, and unless the Corporate Taxpayer and such Member agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with the Corporate Taxpayer or such Member or other actual or potential conflict of interest. If the parties are unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the Expert shall be appointed by the International Chamber of Commerce Centre for Expertise. The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within thirty (30) calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within fifteen (15) calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be borne by the Corporate Taxpayer, except as provided in the next sentence. The Corporate Taxpayer and such Member shall bear their own costs and expenses of such proceeding, unless (i) the Expert substantially adopts such Member’s position, in which case the Corporate Taxpayer shall reimburse such Member for any reasonable out-of-pocket costs and expenses in such proceeding, or (ii) the Expert substantially adopts the Corporate Taxpayer’s position, in which case such Member shall reimburse the Corporate Taxpayer for any reasonable out-of-pocket costs and expenses in such proceeding. Any dispute as to whether a dispute is a Reconciliation Dispute within the meaning of this Section 7.09 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.09 shall be binding on the Corporate Taxpayer and such Member and may be entered and enforced in any court having jurisdiction.

  • Monthly Reporting Within twenty (20) calendar days following the end of each calendar month, Registry Operator shall deliver to ICANN reports in the format set forth in Specification 3 attached hereto (“Specification 3”).