RECONCILIATION ADJUSTMENTS AND TRUE-UP ADJUSTMENTS Clause Samples

The "Reconciliation Adjustments and True-Up Adjustments" clause defines the process for correcting discrepancies between estimated and actual amounts, such as payments, costs, or quantities, over a specified period. Typically, this clause requires the parties to periodically review records, compare projections to actual figures, and make financial adjustments to account for any overpayments or underpayments. Its core function is to ensure that both parties are fairly compensated and that financial settlements accurately reflect real-world outcomes, thereby reducing the risk of disputes over miscalculations or estimation errors.
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RECONCILIATION ADJUSTMENTS AND TRUE-UP ADJUSTMENTS. 10 SECTION 4.02.
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RECONCILIATION ADJUSTMENTS AND TRUE-UP ADJUSTMENTS. From time to time, until the Retirement of the Notes, the Servicer shall identify the need for Reconciliation Adjustments and True-Up Adjustments and shall take all reasonable action to obtain and implement such Reconciliation Adjustments and True-Up Adjustments, all in accordance with the following: (a) EXPECTED AMORTIZATION SCHEDULE. The initial Expected Amortization Schedule is attached hereto as SCHEDULE 4.01(a). In connection with the Note Issuer's issuance of any additional Series of Notes after the Closing Date, the Servicer, on or prior to the Series Issuance Date therefor, shall revise the Expected Amortization Schedule to add the requisite information for each new Series of Notes and set forth, as of each Payment Date through the scheduled Retirement of the Notes, the aggregate principal amounts of the Notes of all Series, including such additional Series, expected to be outstanding on such Payment Date. The Servicer shall also revise the Expected Amortization Schedule to reflect any required prepayments on account of the receipt of Allocable IFC Revenue Amounts or any other required or permitted prepayments affecting such schedule. If the Expected Amortization Schedule is revised as set forth above, the Servicer shall send a copy of such revised Expected Amortization Schedule to the Grantee, the Note Issuer, the Indenture Trustee and the Rating Agencies promptly thereafter.
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Related to RECONCILIATION ADJUSTMENTS AND TRUE-UP ADJUSTMENTS

  • 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:

  • 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.

  • Compensation Adjustments Any compensation agreed to hereunder may be adjusted from time to time by mutual agreement by attaching revised Schedules A or B to this Agreement.

  • Certain Adjustments The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.

  • Inflation Adjustment Partner acknowledges and agrees that for each successive year after the first school year of Services and Software, eLuma may determine at its discretion to raise all Fees each year at the most recent annual rate of inflation, rounded to the nearest half dollar ($0.50) as defined here, or any other U.S. Government URL outlining such increases: ▇▇▇▇://▇▇▇▇.▇▇▇.▇▇▇/timeseries/CUUR0000SAM?output_view=pct_12mths