Share of Cost Clause Samples

The Share of Cost clause defines the portion of expenses that a party is responsible for paying under an agreement, typically in the context of insurance or service contracts. This clause specifies how costs are divided between the parties, such as requiring the insured to pay a set amount or percentage before the insurer covers the remaining costs. Its core practical function is to allocate financial responsibility, ensuring that both parties understand their respective obligations and reducing disputes over payment.
Share of Cost. CONTRACTOR shall require that all Network Providers attempt to collect the Share of Cost from Beneficiaries and that reimbursement of claims shall be reduced by the Beneficiaries’ Share of Cost.
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Share of Cost. 1. Contractor agrees that no charges will be made to any recipient of services under this Contract unless it has been determined by the Authority that recipient has a share-of-cost liability. 2. In those cases where the recipient is liable for a share of cost, the Contractor shall be responsible for collection of that share-of-cost liability from the recipient and must deduct all share-of-cost amounts owed by recipients from the ▇▇▇▇▇▇▇▇ submitted to the Authority. 3. The Contractor agrees to refund any over-collection when a recipient does not realize all the authorized hours covered by the share of cost. 4. Contractor agrees to report delinquent share of cost accounts on a monthly basis.
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Share of Cost. Pursuant to 42 CFR 438.108, any sharing of cost imposed on DMC beneficiaries shall be in accordance with 42 CFR 447.50 through 447.60.
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Share of Cost. CONTRACTOR shall require that all network providersNetwork 31 attempt to collect the Share of Cost from beneficiaries and that reimbursement of claims shall 32 be reduced by the beneficiaries’ Share of Cost. 33 1) CONTRACTOR shall have access to the State’s Med-Cal Eligibility Database 35 Cost remaining for the date of service. 36 2) CONTRACTOR shall ensure that the network providers 37 the beneficiaryBeneficiary of his/her Share of Cost obligation. The beneficiary notify shall be made 1 to understand that when the Share of Cost obligation is met, Medi-Cal will cover the remainder of the 2 unit cost. 3 3) For beneficiariesBeneficiaries with a Share of Cost who have the ability to meet 4 their Share of Cost obligation, CONTRACTOR shall maintain authorization procedures that include 5 ongoing review of a beneficiary’sBeneficiary’s Share of Cost status. CONTRACTOR will make all 6 reasonable efforts to ensure that all authorized services are eligible for Medi-Cal reimbursement. 7 4) CONTRACTOR shall ensure that a beneficiaryBeneficiary with a Share of Cost 8 was eligible for Medi-Cal on the date of service during the adjudication process of the network 9 provider’sNetwork Provider’s claim. 10 5) The spend down of Share of Cost is the amount remaining for the month of the date 11 of service, or the amount of the service, whichever is less. 12 // 13 // 14 // 15 6) CONTRACTOR shall maintain procedures regarding the referral of 16 beneficiariesBeneficiaries who: 17 a) Are unable to pay their Share of Cost and for whom the denial of mental health 18 servicesMental Health Services based on inability to pay Share of Cost would result in a significant 19 functional impairment, or 20 b) CONTRACTOR is unable to determine if they have met their Share of Cost for
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Related to Share of Cost

  • Payment of Costs Each party to a hearing before an arbitrator shall bear his/her own expenses in connection therewith. All fees and expenses of the arbitrator and of a reporter shall be borne one-half by the County and one-half by the grievant.

  • Allocation of Costs The Fund shall pay the cost of composition and printing of sufficient copies of its Prospectus and SAI as shall be required for periodic distribution to its shareholders and the expense of registering Shares for sale under federal securities laws. You shall pay the expenses normally attributable to the sale of Shares, other than as paid under the Fund's Distribution Plan under Rule 12b-1 of the 1940 Act, including the cost of printing and mailing of the Prospectus (other than those furnished to existing shareholders) and any sales literature used by you in the public sale of the Shares and for registering such shares under state blue sky laws pursuant to paragraph 8.

  • Allocation of Costs and Expenses The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Adviser for any such costs and expenses that have been paid by the Adviser, or by any affiliate thereof, on behalf of the Company on the terms and conditions set forth in Section 6. These costs and expenses shall include, but not be limited to: (a) trust and organizational expenses relating to borrowings and offerings of the Shares and the Company’s other securities and incurrences of indebtedness, subject to limitations included in this Agreement; (b) the cost of calculating the Company’s net asset value, including the cost and expenses of any third-party valuation services; (c) the cost of effecting sales and repurchases of the Shares and any other securities of the Company; (d) expenses incurred by the Adviser or any affiliate thereof payable to third parties, including agents, consultants or other advisors (such as accountants and legal counsel); (e) fees payable to third parties relating to, or associated with, making, monitoring and disposing of investments, and valuing investments and enforcing contractual rights, including fees and expenses associated with performing due diligence reviews of prospective investments; (f) professional fees relating to investments, including expenses of consultants, investment bankers, attorneys, accountants and other experts; (g) fees, expenses, and costs relating to or associated with software tools, programs or other technology (including risk management software, fees to risk management services providers, third-party software licensing, implementation, data management and recovery services and custom development costs); (h) research and market data (including news and quotation equipment and services, and any computer hardware and connectivity hardware (e.g., telephone and fiber optic lines) incorporated into the cost of obtaining such research and market data); (i) all costs and charges for equipment or services used in communicating information regarding the Company’s transactions among the Adviser and any custodian or other agent engaged by the Company (j) all costs associated with the provision of information technology services; (k) federal and any state registration or notification fees; (l) the costs of preparing, printing and mailing reports and other communications, including tender offer correspondence, proxy statements, shareholder reports and notices or similar materials, to shareholders; (m) interest payable on debt, if any, incurred to finance the Company’s investments; (n) transfer agent and custodial fees; (o) fees and expenses associated with the Company’s marketing efforts (including travel and attendance at investment conferences and similar events); (p) all costs of registration and listing the Company’s securities on any securities exchange; (q) federal, state and local taxes; (r) fees and expenses of Independent Trustees (as defined below); (s) overhead costs, including rent, office supplies, utilities and capital equipment; (t) costs of preparing and filing reports or other documents required by the SEC or any other governmental agency; (u) costs of fidelity bond, trustees and officers/errors and omissions liability insurance and other insurance premiums; (v) direct costs and expenses of administration, including those relating to printing, mailing, long distance telephone, copying, secretarial and other and staff, independent auditors and outside legal costs; (w) fees and expenses associated with independent audits, outside legal costs, and tax returns, including compliance with the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, the 1940 Act and applicable federal and state securities laws; (x) internal legal expenses (including those expenses associated with preparing the Company’s public filings, attending and preparing for board meetings, as applicable, and generally serving as counsel to the Company) (y) costs associated with the Company’s reporting and compliance obligations under the 1940 Act and applicable federal and state securities laws, including the cost of third-party service providers and any compliance program audit programs; (z) brokerage commissions for the Company’s investments; (aa) computer software specific to the business of the Company; (bb) any unreimbursed expenses incurred in connection with transactions not consummated; (cc) research and market data (including news and quotation equipment and services, and any computer hardware and connectivity hardware (e.g., telephone and fiber optic lines) incorporated into the cost of obtaining such research and market data); (dd) the costs of responding to regulatory requests; (ee) routine non-compensation overhead expenses of the Adviser and or any affiliate thereof in connection with administering the Company’s business; (ff) all other expenses incurred by the Company or the Adviser, or by any affiliate thereof that the Adviser has arranged to provide services to the Company, in connection with the administration of the Company’s business, including expenses incurred by the Adviser or any affiliate thereof in performing the Adviser’s obligations under this Agreement and the reimbursement of the allocable portion of the compensation of the Company’s chief financial officer, chief compliance officer and administrative support staff attributable to the Company, to the extent that they are not a person with a controlling interest in the Adviser or any of its affiliates, subject to the limitations included in this Agreement, as applicable; and (gg) any expenses incurred outside of the ordinary course of business, including, without limitation, costs incurred in connection with any claim, litigation, arbitration, mediation, government investigation or similar proceeding and indemnification expenses as provided for in the Fund’s and the Master Fund’s respective organizational documents.

  • Replacement Cost The term “full replacement cost” as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Payment of Costs and Fees The Borrower shall pay to the Administrative Agent all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent) to the extent provided in Section 10.5 of the Credit Agreement.