Interim Settlement. CMS and EOHHS shall determine an interim settlement based on three (3) months of claims run‑out beyond the end of Demonstration Year 1 and an incurred but not reported (IBNR) estimate. For the purpose of the interim settlement, the Contractor will jointly provide to CMS and EOHHS the following within 120 calendar days following the end of each Demonstration Year: A complete and accurate report of Actual Non‑Service Expenditures for Enrollees in the Demonstration Year; A complete and accurate report of Actual Service Expenditures, based on category of services, for Enrollees based on claims incurred for the Demonstration Year, including three (3) months of claims run‑out; The Contractor’s best estimate of any claims incurred but not reported (XXXX) for claims run‑out beyond three (3) months and any IBNR completion factors by category of service; A complete and accurate report of Part D revenue and expenditure, as required under 42 C.F.R. 423.514(a)(1); A complete and accurate report reflecting any recoveries from other payors outside of claims adjudication that are not reflected in the reported Actual Service Expenditures, including those pursuant to coordination of benefits, third party liability, rebates, supplemental payments, adjustments in claims paid, adjustments from providers including adjustments to claims paid, and Enrollee contributions to care (as described in Section 4.4.3.); A complete and accurate report of net reinsurance costs that are included in the reported Actual Non‑Service Expenditures; Encounter Data, as required under Section 2.17 of this Contract, unless otherwise permitted by CMS and MassHealth; and A completed electronic funds transfer authorization agreement. CMS and EOHHS shall provide the Contractor with an interim reconciliation under the risk corridor arrangement within one‑hundred fifty (150) calendar days following the end of the Demonstration Year, unless otherwise permitted by CMS. Any balance due between the Contractor and CMS and EOHHS shall be paid within sixty (60) days of the Contractor receiving the Interim Reconciliation from CMS and EOHHS. The Contractor shall provide any additional information upon request from CMS and EOHHS necessary to calculate Total Adjusted Expenditures.
Interim Settlement. Within ten (10) calendar days following the Closing Date, Sellers will deliver to Buyer a good-faith estimate of the Closing Date Value, such estimate to be calculated in the manner set forth in Schedule 2.02. On the basis of such good-faith estimate of the Closing Date Value, and without being subject to any challenge or dispute on the part of Buyer, and without any loss of Buyer's rights under Section 2.04(d), the parties will determine whether Sellers or Buyer is required to make a payment to the other. The party so required hereunder to make a payment to the other shall pay, within five (5) Business Days following the date on which such payment amount is determined (the "Interim Settlement Date"), one hundred percent (100%) of such amount to be paid, plus interest on the amount so paid at the Interest Rate from and including the Closing Date to but excluding the date of payment (the "Interim Settlement Amount"). The amounts, if any, required to be paid by either party under Section 2.05, including the interest payments thereunder, shall be adjusted accordingly to take into account the interim settlement payment made under this Section 2.08.
Interim Settlement. 24 2.09 Co-Issue................................................................24 ARTICLE III Closing, Transfers and Related Items
Interim Settlement. The Companies agree to deliver to PaineWebber Interim Settlement Shares for the Reset Date that occurred on June 30, 1998, PROVIDED, HOWEVER, that such Interim Settlement Shares need not be delivered pursuant to an effective registration statement covering any sale of such Interim Settlement Shares by PaineWebber, PROVIDED FURTHER that if such Interim Settlement Shares are not the subject of an effective registration statement covering all sales of such Interim Settlement Shares by PaineWebber by August 28, 1998, the Companies shall deliver cash collateral to PaineWebber on such date in an amount equal to the Interim Settlement Amount for the Reset Date that occurred on June 30, 1998. Any cash collateral delivered by the Companies to PaineWebber pursuant to this Section shall be subject to the provisions of Section 5.1 of the PPAM Agreement. PaineWebber acknowledges that the Companies' obligations to deliver Interim Settlement Shares to PaineWebber under Section 5.1 of the PPAM Agreement with respect to the Reset Date occurring on June 30, 1998, shall be satisfied upon the full performance by the Companies of all their respective obligations under this Letter Agreement. For the avoidance of doubt, such satisfaction is only with respect to the obligations of the Companies arising with respect to the Reset Date occurring on June 30, 1998, and in no way affects the obligations of the Companies with respect to future Reset Dates.
Interim Settlement. If the amount of the interim Purchase Price as set forth on the Interim Closing Statement exceeds the amount of the Estimated Purchase Price paid at Closing, then, within five (5) days after the Interim Settlement Date, Buyer shall pay to Seller the amount of such difference. If the amount of the interim Purchase Price as set forth on the Interim Closing Statement is less than the Estimated Purchase Price paid at Closing, then Seller shall pay to Buyer, within five (5) days after the Interim Settlement Date, the amount of such difference. Any post-Closing payment made pursuant to this Section 3.6(c) shall be made by means of a wire transfer of immediately available funds to a bank account designated by the Party receiving the funds.
Interim Settlement. CMS and EOHHS shall determine an Interim Settlement based on 3 months of claims run-out beyond the end of Demonstration Year 1 and an incurred but not reported (IBNR) estimate.
Interim Settlement. (i) Where Flectat has received from the trustees of its Premiums Trust Fund an amount representing an interim profit of Flectat in respect of its participation as a member of the Syndicate for the 2011 underwriting year of account and the Reinsured receives from Flectat (pursuant to the terms of the 2011 Flectat LLQS) an ‘Interim Settlement Amount’ (as defined in the 2011 Flectat LLQS), the Reinsured shall pay to the Reinsurer an amount by way of interim settlement (“CBL/OSIL Interim Settlement Amount”), reasonably determined by the Reinsurer to be attributable to the business reinsured under this Treaty of the amount of the ‘Interim Settlement Amount’ (as defined in the 2011 Flectat LLQS). If the CBL/OSIL Interim Settlement Amount (or the aggregate of all CBL/OSIL Interim Settlement Amounts, if more than one) paid to the Reinsurer as provided in this paragraph exceeds the amount due to the Reinsurer (before taking account of the CBL/OSIL Interim Settlement Amount(s) paid to the Reinsurer) as shown in the statement of account prepared by or on behalf of the Reinsurer as referred to in paragraph (iii)a below, the Reinsurer shall, forthwith upon providing to the Reinsured such statement of account, pay to the Reinsured an amount equal to the excess. Final settlement
Interim Settlement. Within ten (10) calendar days following the Closing Date, NAB will deliver to Buyer a good-faith estimate of the Closing Date Value, such estimate to be calculated in the manner set forth in Schedule 2.02 and as otherwise set forth in this Agreement. NAB shall consult with Buyer regarding the expected contents and preparation of the Closing Date Value estimate. On the basis of such good-faith estimate of the Closing Date Value, and without being subject to any challenge or dispute on the part of Buyer, and without any loss of Buyer's rights under Sections 2.03(c) and 2.03(d), the parties will determine whether MSRA or Buyer is required to make a payment to the other. The party so required hereunder to make a payment to the other shall pay, within five (5) Business Days following the date on which such payment amount is determined (the "Interim Settlement Date"), one hundred percent (100%) of such amount to be paid, plus interest on the amount so paid at the Interest Rate from and including the Closing Date to but excluding the date of payment (the "Interim Settlement Amount"). The amounts, if any, required to be paid by either party under Section 2.04, including the interest payments thereunder, shall be adjusted accordingly to take into account the interim settlement payment made under this Section 2.06.
Interim Settlement. PacifiCare shall provide Medical Group with a report on the balance of funds in the AFB Fund for the period ended September 1, 2001 no later than September 30, 2001. Together with delivery of the report, PacifiCare shall pay Medical Group one-half (1/2) of the balance of funds in the AFB Fund, which payment shall not be subject to recumbent upon final settlement of the AFB Fund as provided below.
Interim Settlement. With respect to any Valuation Date excluding the final Valuation Date or a Valuation Date occurring as a result of a Break Date as set out under the terms of Optional Early Termination provisions below, but including, for the avoidance of doubt, a Valuation Date resulting from the occurrence of a Trigger Date, contingent upon notice (which will be written notice) from Party B to Party A not less than one Exchange Business Day prior to such Valuation Date, Party B may elect to settle its obligation to Party A (if any) with respect to any Equity Amount it owes to Party A, as determined in accordance with the terms of this Transaction, by effecting in the market the sale of an amount of ordinary shares of Vivendi Universal SA (Bloomberg code "EX FP", or any successor code) (the "VU Shares"), such that Party A receives cash equal to the amount of such obligation of Party B, plus, if applicable, interest at the overnight LIBOR rate on such amount from the due date thereof until the date it is actually paid to Party A, but in no event later the date three Exchange Business Days following the relevant Equity Payment Date. If Party B requests and Party A agrees to sell any such VU Shares in any such transaction, Party A shall act exclusively as agent for Party B.
