Common use of Budget Deficit Clause in Contracts

Budget Deficit. If the Actual Costs exceed the Budget during any Year, the amount of this excess will be referred to as the Budget Deficit. IPA's share of the Budget Deficit shall be [ ** ] of the Budget Deficit, but not to exceed [ ** ] of the Budget. In the event of a Budget Deficit, PacifiCare shall pay IPA the Withhold Amount, less IPA's share of the Budget Deficit. If IPA's share of the Budget Deficit is greater than the Withhold Amount for the Initial Term, the difference between these amounts (the "Additional Payable Amount") shall be payable by IPA to PacifiCare within thirty (30) days from receipt of the calculation.

Budget Deficit. If the Actual Costs exceed the Earned Budget during any Year, the amount of this excess will be referred to as the Budget Deficit. IPA's share of the Budget Deficit shall be [ ** ] of the Budget Deficit, but not to exceed [ ** ] of the Earned Budget. In the event of a Budget Deficit, PacifiCare shall pay IPA the Withhold Amount, less IPA's share of the Budget Deficit. If IPA's share of the Budget Deficit is greater than the Withhold Amount for the Initial Term, the difference between these amounts (the "Additional Payable Amount") shall be payable by IPA to PacifiCare within thirty (30) days from receipt of the calculation.