Payment and Sanctions Clause Samples

Payment and Sanctions. Interconnection Customer shall be responsible for reimbursing Transmission Owner for any monetary sanctions assessed by WECC against Transmission Owner due solely to the action or inaction of Interconnection Customer, pursuant to the WECC Reliability Criteria Agreement. Interconnection Customer also shall be responsible for payment of any monetary sanction due solely to the action or inaction of Interconnection Customer assessed against Interconnection Customer by WECC pursuant to the WECC Reliability Criteria Agreement. Any such payment shall be made pursuant to the procedures specified in the WECC Reliability Criteria Agreement.
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Payment and Sanctions. ‌ Funding‌ The funds under this Contract are dependent upon HCA’s receipt of continued state funding awards. If HCA does not receive continued state and federal funding awards, HCA may terminate this Contract in accordance with the General Terms and Conditions in the IMC Contract. HCA will provide the Contractor with their budget of GFS and proviso funds annually, identified in Exhibit A. The Contractor’s budget is based upon available funding for the regional service area as a whole and the Contractor’s share of the eligible enrollment in the region. A maximum of 10 percent of the GFS and proviso funds expended by the Contractor may be used for administrative costs, taxes and other fees per RCW 71.24.330 and must be reported on the quarterly expenditure report, as identified in Exhibit B. HCA will pay the Contractor GFS and proviso funds, including the administrative portion, in equal monthly amounts, or as identified in Exhibit A, based upon the budget identified in Exhibit A. The Contractor shall maintain financial records that track the funding received and the expenditures for services provided under this Contract by category of service, funding source and state fiscal year. The Contractor shall send a quarterly expenditure report to the HCA Revenue and Expenditure’s mailbox (▇▇▇▇▇▇▇▇▇▇&▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇▇). The expenditure report format is identified in Exhibit B. The expenditure report is due to HCA no later than forty-five
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Payment and Sanctions. ‌ Funding‌ The funds under this Contract are dependent upon HCA’s receipt of continued state funding awards. If HCA does not receive continued state and federal funding awards, HCA may terminate this Contract in accordance with the General Terms and Conditions in the IFC Contract. HCA will provide the Contractor with their budget of GFS and proviso annually, identified in Exhibit A. The Contractor’s budget is based upon available funding for the regional service area as a whole and the Contractor’s share of the eligible enrollment in the region. A maximum of 10 percent of the GFS and proviso funds expended by the Contractor may be used for administrative costs, taxes and other fees per RCW 71.24.330 and must be reported on the quarterly expenditure report, as identified in Exhibit B. HCA will pay the Contractor GFS and proviso funds, including the administrative portion, in equal monthly amounts, or as identified in Exhibit A, based upon the budget identified in Exhibit A. The Contractor shall maintain financial records that track the funding received and the expenditures for services provided under this Contract by category of service, funding source and state fiscal year. The Contractor shall send a quarterly expenditure report to the HCA Revenue and Expenditure’s mailbox (▇▇▇▇▇▇▇▇▇▇&▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇▇). The expenditure report format is identified in Exhibit B. The expenditure report is due to HCA no later than forty-five (45) calendar days after the last day of the quarter. The expenditures reported shall represent the payments made for services under this Contract during the quarter being reported. The 10 percent administrative load, as identified in subsection 5.1.3 will be included on this expenditure report. If the expenditures reported by the Contractor on the expenditure report, exceed the Contractor’s budget identified in Exhibit A, HCA will not pay the Contractor for the amount that exceeds the budget. The Contractor must have contracts in place for any proviso funds identified in Exhibit A. Based upon evidence of contracting for and utilizing proviso programs identified in Exhibit A, and at HCA’s discretion, the allocation and distribution of funds may be reevaluated, and unspent funds may be reallocated retrospectively. Funding provided for specific purposes in the Exhibits shall be utilized for expenditures related to the outlined purpose. HCA will recoup the funds, in whole or in part, if the Contractor: (i) does not utilize the funding ...
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Payment and Sanctions 
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Related to Payment and Sanctions

  • U.S. Sanctions The Transfer Agent represents and warrants that it has implemented policies, procedures and controls reasonably designed to detect and prevent any transaction involving an Account that is prohibited and to block assets involved in any transaction in, to, or from an Account that must be blocked under U.S. Sanctions. Consistent with the services provided by the Transfer Agent and with respect to the Accounts for which the Transfer Agent maintains the applicable shareholder information, which includes the registration for Accounts opened through NSCC/FundSERV, the Transfer Agent shall provide the services included in its policies and procedures designed to comply with U.S. Sanctions.

  • OFAC Sanctions None of Southwest, any Southwest Entity or any director or officer or, to the Knowledge of Southwest, any agent, employee, affiliate or other Person acting on behalf of any Southwest Entity (a) engaged in any services (including financial services), transfers of goods, software, or technology, or any other business activity related to (i) Cuba, Iran, North Korea, Sudan, Syria or the Crimea region of Ukraine claimed by Russia (“Sanctioned Countries”), (ii) the government of any Sanctioned Country, (iii) any person, entity or organization located in, resident in, formed under the laws of, or owned or controlled by the government of, any Sanctioned Country, or (iv) any Person made subject of any sanctions administered or enforced by the United States Government, including, without limitation, the list of Specially Designated Nationals (“SDN List”) of the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), or by the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), (b) engaged in any transfers of goods, technologies or services (including financial services) that may assist the governments of Sanctioned Countries or facilitate money laundering or other activities proscribed by United States Law, (c) is a Person currently the subject of any Sanctions or (d) is located, organized or resident in any Sanctioned Country.

  • No Sanctions The Board and the Association agree that the Association shall not invoke “sanctions” against an individual school during the term of this Agreement. Sanctions are defined, for the purpose of this section, as actions by an association which would deem it unethical or improper for any present or future teacher to accept or continue employment in a particular school. Meetings Regarding Professional Development

  • Sanctions A. That HHSC may apply, at its discretion, sanctions if the Contractor fails to comply with any provision of the Contract, including: 1. recouping overpayments; 2. suspending the Contractor's payments; and 3. initiating termination of the Contract. B. That payments to the Contractor under this Contract may be withheld during the pendency of a hearing on the termination of this Contract until a final decision is issued and all appeals are exhausted. HHSC shall pay the withheld payments and resume contract payments if the final decision is favorable to the Contractor. C. That in accordance with 42 C.F.R. §455.23, HHSC shall suspend all Medicaid payments to the Contractor upon notification by HHSC-OIG that a credible allegation of fraud under the Medicaid program is pending against the Contractor, unless HHSC has good cause not to suspend the payments or to suspend the payments only in part.

  • Economic Sanctions None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.