Annual Shortfalls Sample Clauses

Annual Shortfalls. If the Annual Reconciliation reveals a shortfall in guaranteed Cost Savings, COMPANY is liable for such shortfall and shall pay to CITY the amount of the shortfall as incorporated in the Energy Savings Guarantee, Schedule C. CITY shall submit to COMPANY a written statement as to the amount of the shortfall to the extent the Annual Reconciliation or a CITY review reveals such shortfall, which may be incorporated into CITY’s response to COMPANY’s Annual Reconciliation. COMPANY shall remit such payments to CITY within sixty (60) days of written notice by CITY of such monies due.
Sample 1
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Annual Shortfalls. If the Annual Reconciliation reveals a shortfall in guaranteed Cost Savings, Company is liable for such shortfall and shall pay to Customer the amount of the shortfall, together with interest calculated at the rate set pursuant to Section 55.03, Florida Statutes, to be calculated based on the monthly shortfall within thirty (30) days. Customer shall submit to Company a written statement as to the amount of the shortfall (Customer Shortfall Payment Demand) to the extent the Annual Reconciliation or an Customer M&V Plan review reveals such shortfall, which may be incorporated into the Customer’s response to Company’s Annual Reconciliation. Company shall remit such payments to Customer within sixty (60) days of written notice by Customer of such monies due. If Company fails to make such payment to Customer within 60 days after demand therefore, Customer may, without waiving any other remedies available to it, offset the amount due against payments required under Schedule D.
Sample 1
Annual Shortfalls. If the Annual Reconciliation reveals a shortfall in guaranteed Cost Savings, Company is liable for such shortfall and shall pay to Agency the amount of the shortfall, together with interest equal to that provided in any financing agreement from the time the Annual Reconciliation first revealed a shortfall and the time of repayment. Agency shall submit to Contractor a written statement as to the amount of the shortfall (Agency Shortfall Payment Demand) to the extent the Annual Reconciliation or an Agency M&V Plan review reveals such shortfall, which may be incorporated into the Agency’s response to Company’s Annual Xxxxxxxxxxxxxx.Xxxxxxx shall remit such payments to Agency within sixty (60) days of written notice by Agency of such monies due. If Company fails to make such payment to Agency within _60 days after demand therefore, Agency may offset the amount due against payments required under Schedule D, or in the event of third-party financing, demand payment pursuant to the security instrument identified in Schedule C (Savings Guarantee).
Sample 1
Annual Shortfalls. If the Annual Reconciliation reveals a shortfall in guaranteed Cost Savings, Honeywell is liable for such shortfall and shall pay to City the amount of the shortfall. City shall submit to Honeywell a written statement as to the amount of the shortfall (Shortfall Payment Demand) to the extent shown in the Annual Reconciliation report, which may be incorporated into the City’s response to Honeywell’s Annual Reconciliation. Honeywell shall remit such payments to City within sixty (60) days of written notice by City of such monies due. If Honeywell fails to make such payment to City within 45 days after demand therefore, City may offset the amount due against payments required under Schedule D.
Sample 1

Related to Annual Shortfalls

  • Finance Charge Each Receivable provides for the payment of a finance charge or shall yield interest calculated on the basis of an APR ranging from 0.50% to 22.05%.

  • Available Funds $ 5,439,225.01 ---------------

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(h). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Average Contribution Amount For purposes of this Agreement, to ensure that all employees enrolled in health insurance through the City’s HSS are making premium contributions under the Percentage-Based Contribution Model, and therefore have a stake in controlling the long term growth in health insurance costs, it is agreed that, to the extent the City's health insurance premium contribution under the Percentage-Based Contribution Model is less than the “average contribution,” as established under Charter section A8.428(b), then, in addition to the City’s contribution, payments toward the balance of the health insurance premium under the Percentage-Based Contribution Model shall be deemed to apply to the annual “average contribution.” The parties intend that the City’s contribution toward employee health insurance premiums will not exceed the amount established under the Percentage-Based Contribution Model.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Cash Shortages No employee may be required to make up cash register shortages unless he or she is given the privilege of checking the money and daily receipts upon starting and completing the work shift, and unless the employee has exclusive access to the cash register during the work shift and unless cash is balanced daily, except as specified below. No employee may be required to make up register shortages when Management exercises the right to open the register during the employee's work shift, unless the register is opened in the presence of the employee and the employee is given the opportunity to verify all withdrawals and/or deposits. No employee shall be held responsible for cash shortages unless he or she has exclusive access to his or her cash.

  • Charge Pay (a) The Employer shall designate a person to be in charge of a unit. Where such person is absent from the unit for a consecutive time period of two (2) hours or more, an alternate will be designated in charge.

  • Increases in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be increased (in each case without regard to any exchanges of Class M Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-up Amounts that are allocable to Class M Notes that were exchanged for such MAC Notes will be allocated to increase the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

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