Common use of Expense Reports Clause in Contracts

Expense Reports. In order to receive such --------------- reimbursement, ASIP must first submit monthly expense reports to MLTC as follows. ASIP shall prepare an estimate by the fifteenth (15th) day of each month of its likely expenses in such month. MLTC will reimburse all commercially reasonable estimates received from ASIP within fifteen (15) days of receipt. ASIP will subsequently submit a report of the actual expenses incurred in a month by the fifteenth (15th) day of the following month. The parties will reconcile any underpayment or overpayment in the next scheduled subsequent payment from MLTC to ASIP.