Estimated Clearance Clause Samples

The Estimated Clearance clause defines the anticipated timeframe or conditions under which goods, shipments, or transactions are expected to be cleared, such as through customs or regulatory review. In practice, this clause sets out an estimated date or period for clearance, often based on standard processing times or prior experience, and may specify that these estimates are not guarantees. Its core function is to manage expectations and provide guidance to parties regarding timelines, helping to avoid disputes or misunderstandings related to delays in the clearance process.
Estimated Clearance. For all transactions where the State pays out its funds for a program prior to receiving Federal funds, the State shall compare the daily clearance pattern, as specified in Exhibit II, to the date Federal funds are credited to a State Account. The Federal interest liability shall be based on the difference in whole days between the estimated clearance of State funds and the actual deposit of Federal funds. With Federal-State matching programs, interest shall be calculated on the Federal percentage of the disbursement.
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Estimated Clearance. Under this funding technique, the State will request federal funds such that they are deposited in a State account in accordance with the clearance pattern specified for the federal program. The State will incur no interest liability with this technique. Below is a summary of programs which are listed as following the estimated clearance technique in the 2019 TSA: 93.659 Adoption Assistance -- Benefits Department of Job and Family Services GRF 93.767 State Children's Health Insurance Program - Administrative Costs and Provider Payments by warrant Department of Medicaid GRF 93.778 Medical Assistance Program -- Administrative Costs and Provider Payments by warrant Department of Medicaid GRF
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Related to Estimated Clearance

  • FINRA Clearance On or before the date of this Agreement, the Representative shall have received clearance from FINRA as to the amount of compensation allowable or payable to the Underwriters as described in the Registration Statement.

  • Security Clearance 6.7.1 Where specified by the Authority or the Contract user, the Supplier shall be responsible for ensuring that all Staff are security cleared to the level required by the Security Requirements not less than 5 Working Days before such person begins to perform the Services. If the Authority is responsible for applying for security clearance for Staff pursuant to this Clause 6.7.1, the Supplier shall provide a completed security clearance application form for such members of Staff to the Authority not less than 30 days before such members of Staff begin to perform the Services. 6.7.2 The Authority shall issue a pass for all Staff who are security cleared to an appropriate level for the Premises in accordance with Clause 6.7.1 on or before the date when such member of Staff is required to enter onto the Premises in Order to perform the Services. Passes shall remain the property of the Authority and shall be surrendered on demand or on termination or expiry of this Contract. 6.7.3 A member of Staff not in possession of a pass who is required by the Supplier or any Sub-contractor to provide the services urgently shall be allowed temporary access to the Premises on condition that the Supplier ensures, or procures that any Sub- contractor shall ensure, that such individual is accompanied at all times while on the Premises by a member of Staff who has been issued with a pass in accordance with Clause 6.7.1. 6.7.4 Without prejudice to the provisions of Clauses 6.7.1 to 6.7.3 inclusive, the Authority may refuse any member of Staff Admission to the Premises or require the removal of any member of Staff from the Premises in accordance with Clause 3.3 if such member of Staff is not in possession of a pass pursuant to Clause 6.7.2 or accompanied in accordance with Clause 6.7.3.