Services Related to True Up Adjustments Sample Clauses
The 'Services Related to True-Up Adjustments' clause defines the responsibilities and procedures for handling adjustments to previously settled amounts or service levels, typically to correct discrepancies or account for actual usage versus estimates. In practice, this clause outlines how and when parties must review, calculate, and implement any necessary financial or service corrections, such as reconciling overpayments or underpayments after a billing period. Its core function is to ensure that both parties are fairly compensated and that any errors or changes in service delivery are transparently and efficiently addressed, thereby reducing disputes and maintaining accurate financial records.
Services Related to True Up Adjustments. Section 4.01 TRUE-UP ADJUSTMENTS. From time to time, until the retirement of the Securitization Bonds, the Servicer shall identify the need for Annual True-Up Adjustments, and Interim True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:
(a) Expected Amortization Schedule. The Expected Amortization Schedule for the Securitization Bonds is attached hereto as Schedule 4.01(a).
Services Related to True Up Adjustments