Final Settlement definition

Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.
Final Settlement means payment of money from a third party liable for the injury, illness, or disease of a member whether by compromise, judgment, court order, or restitution, which payment is intended as the total compensation for the injury, illness, or disease caused by the liable third party.
Final Settlement means the amount that an insurer owes under a property insurance policy to the named insured and other interests named in the policy for loss to any insured building or other structure affixed to land that is caused by fire or explosion, excluding any amount payable for loss to contents or other per- sonal property, for loss of use or business interruption and any amount payable under liability coverage under the policy, and that is determined by any of the following means:

Examples of Final Settlement in a sentence

  • All payments are interim payments only, and subject to Final Settlement in accordance with the Cost Report Paragraph of the Contract for which Contractor shall be reimbursed for the actual cost of providing the services hereunder; provided, however, the total of such payments do not exceed the Maximum Obligation as specified in the Referenced Contract Provisions of the Contract, and provided further, Contractor’s costs are reimbursable pursuant to County, state, and federal regulations.

  • Partial Notice of Final Acceptance may also be issued to exclude the Work described in Change Orders executed during late stages of the Project where a later completion date for the Change Ordered Work is expressly provided for in the Contract as amended by the Change Order, provided the Work can be adequately described to allow partial advertisement of any Notice of Partial Final Settlement to be issued without confusion as to the Work included for which final payment will be made.

  • When a Participant enters such a Transaction, the Participant is responsible for making payment in the Fiat Currency required for Final Settlement.

  • Variation Margin and Final Settlement may be transferred directly to (from) Participant's Available Account from (to) Counterparty's Available Account, increasing (decreasing) the Available Account for Participant.

  • Participants may deposit the required foreign Fiat Currency to their Zero Hash account or use Zero Hash's Fiat Currency Foreign Exchange Conversion Services, as outlined below, prior to Final Settlement.


More Definitions of Final Settlement

Final Settlement means a determination of the amount due and owing to the insured for a loss to insured real property, but does not include contents damage, losses to personal property, or additional coverage not contained in the building coverage portion of the fire insurance policy, which determination is made by any of the following means:
Final Settlement means the settlement approved by the Court in the Final Order and Judgment as fair, reasonable, and adequate.
Final Settlement means final settlement under the Settlement System Code;
Final Settlement means the final calculation of settlement (S3) performed for the settlement Month, as described in the Natural Gas Settlement System Code;
Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by DHCS. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.
Final Settlement has the meaning specified in Section 12.5
Final Settlement means a determination of the amount due and owing to the insured, for a loss to insured real property, by any of the following means: