Accounting Model Sample Clauses

Accounting Model. Payment under this contract shall be based on when work is performed, consistent with Oregon State government accounting procedures. Except for contracts based on number of hours, the accounting model used for payment under the contract assumes the disposition of an average case assigned under the contract occurs within 90 days of the assignment. The model also assumes approximately one-third of the work is performed in the month the case is assigned and one-third of the work is performed in each of the following two months. SCA shall pay Contractor according to this accounting model out of funds for the biennium during which the work is performed.
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Accounting Model. Payments on any trading site may be realised using post-paid or pre-paid models. The post-paid model requires the provider to place trust in the consumer (buyer) that the payment will be made as agreed after the data is obtained correctly. The pre- provider that the data will be delivered once the payment has been made as agreed. Neither model guarantees both consumer and provider satisfaction, and both bear some risk if the other party breaches the terms of the agreement. There is also a requirement for a TTP to provide both the provider and the consumer with an escrow service.

Related to Accounting Model

  • Methodology 1. The price at which the Assuming Institution sells or disposes of Qualified Financial Contracts will be deemed to be the fair market value of such contracts, if such sale or disposition occurs at prevailing market rates within a predefined timetable as agreed upon by the Assuming Institution and the Receiver.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with GAAP, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement.

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