Financial Settlement. Prior to final payment under this contract, the Contractor and each assignee whose assignment is in effect at the time of final payment under this contract shall execute and deliver: (1) an assignment to Sandia in form and substance satisfactory to the SCR of refunds, rebates, credits or other amounts (including any interest thereon) properly allocable to costs for which the Contractor has been reimbursed by Sandia under this contract; and (2) a release discharging Sandia and the government, their officers, agents and employees from all liabilities, obligations, and claims arising out of or under this contract, subject only to the following exceptions: (i) specified claims in stated amounts or in estimated amounts where the amounts are not susceptible of exact statement by the Contractor; (ii) claims, together with reasonable expenses incidental thereto, based upon liabilities of the Contractor to third parties arising out of performance of this contract; provided that such claims are not known to the Contractor on the date of the execution of the release; and provided further that the Contractor gives notice of such claims in writing to the SCR not more than three (3) years after the date of the release or the date of any notice to the Contractor that Sandia is prepared to make final payment, whichever is earlier; and (iii) claims for reimbursement of costs (other than expenses of the Contractor by reason of any indemnification of Sandia or the government against patent liability), including reasonable expenses incidental thereto, incurred by the Contractor under the provisions of this contract relating to patents. The Contractor and each such assignee hereby agree that the failure to execute and deliver the aforesaid assignment and release within sixty (60) days of a written request therefore by the SCR shall be deemed to be and shall have the same effect as a release as set forth above in Item (2), including a release of all claims set forth in sub Items (i) and (iii) of Item (2). EI16 - PERFORMANCE EVALUATION PROGRAM In keeping with Xxxxxx's goals of continuous improvement, and promoting and creating an environment for superior Contractor performance, Sandia has established a collaborative feedback process through the Performance Evaluation Program. This program is intended to create an environment, which fosters dialog, provides feedback, and improves communication. Any contract awarded by Sandia is a candidate for evaluation under this program. Pleas...
Financial Settlement. The Settlement Agreement approved by FERC in Docket Nos. EL02-125-000 and EL02-125-001 addressing the financial issues raised in those proceedings.
Financial Settlement. In the event of termination of the MoU vide the rights and obligations of the parties hereto shall be sealed by mutual decisions; the financial settlement shall take into consideration not only the expenditure incurred but also expenditure committed by the parties pertaining to the project.
Financial Settlement of an e-conveyance, means the exchange of value, in an ELN, between financial institutions in accordance with the instructions of participating subscribers to the e-conveyance.
Financial Settlement. Prior to final payment under this contract, the Contractor and each assignee whose assignment is in effect at the time of final payment under this contract shall execute and deliver:
Financial Settlement. Under this agreement:
Financial Settlement. 5.1.3.2 Fiscal Arrangements, including taxation and resource revenue sharing
Financial Settlement. The Parties agree that, within five (5) business days after the execution of this Second Amendment, MDCO shall pay to Eagle the sum of Four Hundred Seventy-One Thousand Seventy-Seven Dollars ($471,077) in full and final satisfaction of the following claims (See Exhibit I):
Financial Settlement. A Subscriber’s failure to pay (bad debt) will not relieve Service Provider of its obligation to pay LLC unless the refusal to pay is finally attributed to an interruption in the Iridium system.
Financial Settlement. Under this agreement: A. The client is entitled to open a securities trading account and shall transfer sufficient funds to the account to cover all purchase orders he wants to implement in the market through the Company and acknowledges and agrees that the Company will not implement any purchase order issued by the client unless the client's account includes a balance sufficient to cover these purchase orders. B. In case the Company has implemented the client's instructions without the provision of sufficient funds, the client shall settle all amounts owed to the Company in addition to the fees and expenses during official working hours specified for the settlement by the market at the trade date. In case the client's non-payment within the specified period, the Company becomes entitled to dispose by selling the transacted securities. This item is deemed an authorization from the client to the Company to do so and to collect the price of sale to settle all amounts owed by the client, without prejudicing the Company's right to liquidate all or part of the client's portfolio if the sale proceeds are not enough to repay. C. The Company deposits the proceeds of the sale in the event of implementing sale orders, as contained in this Agreement, in the client's trading account at the Company, within the time specified by the market, minus the commission of the Company and the market and any expenses or costs that may be incurred by the Company. However, the client may withdraw the proceeds of the sale only in the time determined by the Company. D. The Company may withdraw from the client's account directly in case of implementing purchase orders as contained in this Agreement with the value of purchased stocks, the commission of the Company and the market, in addition to any other dues or entitlements. Also, the Company is entitled to withdraw from any other account in the name of the client or any other body in case of non-availability of sufficient funds in the trading account, with priority and preference to any other creditor, with no need to any alert, notification or any other legal action. E. All the property in the portfolio, restricted, deposited or will be deposited in the future, whether in the company's possession or in the possession of its broker who undertakes the payment of all the client's current and future debts when they fall due and any obligations by him to the Company. The Company retains all client's property and money in his possession a...
