RETURN OF SURPLUS Sample Clauses
The RETURN OF SURPLUS clause defines how any excess funds or resources remaining after the fulfillment of contractual obligations are to be handled. Typically, this clause specifies that any surplus—such as unspent budget amounts or unused materials—must be returned to the party that provided them, often the client or principal. For example, if a contractor completes a project under budget, the remaining funds would be returned rather than retained. The core function of this clause is to ensure fairness and transparency by preventing one party from unjustly benefiting from resources that were not used as intended.
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RETURN OF SURPLUS. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares.
RETURN OF SURPLUS. If the value of the Shares delivered to the Investor causes the Company to exceed the Commitment Amount, then the Investor shall return to the Company the surplus amount of Shares associated with such Advance.
RETURN OF SURPLUS. If MHHSI has not received the W-9 or any other requested documents from the Plan Sponsor within 90 days after the Plan Year ends, any surplus payment will not be processed until the Plan Sponsor contacts MHHSI. This Business Associate Agreement (this “Agreement”) is effective as of , 20 (the “Effective Date”) by and between Memorial Hermann Health Solutions, Inc., on behalf of itself and its affiliates (“Business Associate”) and (“Covered Entity”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in Section 9(b) of this Agreement.
RETURN OF SURPLUS. If the value of the Advance Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Advance Shares associated with such Advance, and the Purchase Price with respect to such Advance shall be reduced by any Clearing Costs related to the return of such Advance Shares.
RETURN OF SURPLUS. On, or as soon as practicable following the Effective Date, the surplus of the Resulting Bank shall be reduced in the amount equal to the amount paid-in or contributed by NVBancorp in connection with the organization of New Bank and such amount shall be returned to NVBancorp.
RETURN OF SURPLUS. If the value of the Purchased Securities delivered to the Purchaser causes the Company to exceed the Maximum Aggregate Purchase Price, then the Purchaser shall return to the Company the surplus amount of Purchased Securities associated with such Put, and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs incurred related to the return of such Purchased Securities.
RETURN OF SURPLUS. 9.1. The Customer may request that Oilpath Hydraulics accept the return, at the Customer’s cost, of any Products which have been ordered by the Customer in excess of the Customer’s needs (“Surplus Products”).
9.2. Oilpath Hydraulics may (in it’s absolute discretion) choose to accept a return of Surplus Products provided the Surplus Products:
9.2.1. have not been used and are otherwise in mint condition;
9.2.2. are in original packaging;
9.2.3. have been returned within 30 days of delivery; and
9.2.4. satisfy the quality standards as determined by Oilpath Hydraulics.
9.3. Upon acceptance of a return of Surplus Products under clause 9.2, Oilpath Hydraulics will refund the Customer the Price for those Products but deduct a 15% (or such other amount as Oilpath Hydraulics sees fit) restocking fee.
9.4. If Oilpath Hydraulics rejects the return of Surplus Products, the Customer must at its own cost, arrange for the Products to be removed from Oilpath Hydraulics’s premises as soon as possible.
9.5. The Customer acknowledges that if it fails to arrange for the removal of the Products in accordance with clause 9.4 within 30 days of notice of Oilpath Hydraulics’s rejection, then Oilpath Hydraulics may deal with the Products as it sees fit, and any costs incurred in dealing with such Products will be invoiced directly to the customer.
RETURN OF SURPLUS. In the event actual revenues from rentals, leases and other revenue generated at Decatur Legacy Park exceed the actual expenditures for operations at Decatur Legacy Park for a fiscal year, the surplus will be disbursed to the City, to be placed in a restricted Legacy Park fund, for use at the Property and/or in furtherance of the Master Plan.
RETURN OF SURPLUS. If MHHSI has not received the W-9 or any other requested documents from the Plan Sponsor within 90 days after the Plan Year ends, any surplus payment will not be processed until the Plan Sponsor contacts MHHSI.
RETURN OF SURPLUS. Any surplus amount exceeding the Administrative Cost Payment shall be divided evenly between the parties, with the portion retained by Manager restricted to use at the Property and/or in furtherance of the Master Plan.