Refund of Overpayment Sample Clauses

Refund of Overpayment. The Contractor further agrees and covenants to refund any and all additional monies due to the BOE within thirty (30) days of the final audit report, if the amount of each year's payment excess over allowable cost increase is greater than any payments due and owing for the balance of a given Extension Year, except where a refund is obtained from the bond herein described.
AutoNDA by SimpleDocs
Refund of Overpayment. If the Total Compensation for a Parcel as shown on the Final Invoice is less than the amount of the Provisional Payments for that Parcel made by the Purchasers, the amount of the difference shall be paid by the Seller to the Purchasers in accordance with the applicable Purchaser’s Share not later than the fifth Business Day after the Seller has transmitted its Final Invoice.
Refund of Overpayment. If the Employer over-withholds an amount from an employee’s wages and salaries and remits the same to the Union, the Union agrees to immediately refund such overpayment to the employee upon notification from the Employer.
Refund of Overpayment. If for any taxable period the separate return liability of each member of the Affiliated Group, including the Parent or Unitary Group, exceeds the consolidated or unitary tax liability for such period as a result of any excess losses or tax credits of one or more members, then the Parent shall pay to each such member its allocable portion of such excess amount within sixty days after the date of filing of the consolidated or unitary return for such period. The excess federal tax amount to be reimbursed to such member shall be computed in a manner consistent with the provisions of Regulation Section 1.1502-33(d)(2)(ii). In utilization of this Regulation Section, the percentage referred to in Regulation Section 1.1502-33(d)(2)(ii)(b) shall be 100 percent.
Refund of Overpayment. In the event that the Guarantor makes a payment to the Beneficiaries hereunder and it is later determined that the Flip Point has occurred, or the Internal Rate of Return of the Beneficiaries exceeded the Flip Rate as a result of such payment, the Beneficiaries shall return to the Guarantor the portion of such payment which exceeded the amount necessary to achieve the Flip Rate and cause the Flip Point to occur.
Refund of Overpayment. The Contractor agrees and warrants further to refund all additional monies due to the BOE within thirty (30) days of the BOE’s final findings regarding any given Cost Justification Financial Statement (provided such final findings are completed and submitted to the Contractor not later than two years after the submission to the Board of such Cost Justification Statement), if the amount of a given extension year’s payment excess over allowable cost increase is greater than any payments due and owing for the balance of a given extension year. The limitation upon refunds expressed in the preceding sentence shall not apply to any refund(s) required by any applicable laws, rules and/or regulations as applied by governmental agencies, other than the Board, which may apply to this Contract.
Refund of Overpayment. If, after any Contingent Payment (if any) has been paid, any condition or milestone included in the calculation of any such payment or based on which any such Contingent Payment was calculated, is subsequently reduced or not satisfied for any reason, including by reason of an overpayment to the Purchaser or by reason of a miscalculation thereof by the Purchaser, the Purchaser shall recalculate the amount of the Contingent Payment previously made to Sellers in accordance with Section 2.5(a) and the Contingent Payments Schedule, taking into account such reduction, and Sellers shall, and the Seller Parties shall cause the Sellers to, refund to the Purchaser the difference between the recalculated amount of the Contingent Payment and the aggregate amount of the Contingent Payment actually paid to Sellers within ten (10) days after receipt of the Purchaser’s invoice therefor (which will be accompanied by a reasonably detailed written explanation of the recalculation and reasons therefor).
AutoNDA by SimpleDocs
Refund of Overpayment. The Contractor further agrees and covenants to refund any and all additional monies due to the EXTENSION AND EIGHTH AMENDMENT OF CONTRACT FOR SPECIAL EDUCATION PUPIL TRANSPORTATION SERVICES BOE within thirty (30) days of the final audit report, if the amount of each year's payment excess over allowable cost increase is greater than any payments due and owing for the balance of a given Extension Year, except where a refund is obtained from the bond herein described
Refund of Overpayment. If the amount of the Purchase Price less the amount of the Assumed Quantifiable Liabilities determined based upon the Closing Balance Sheet Accounts as approved in accordance with section 3.5 is less than the amount of the Estimated Price less the amount of the Estimated Assumed Quantifiable Liabilities paid by the Purchaser to the Vendor at the Time of Closing, the Vendor shall pay to the Purchaser an amount equal to such difference, by certified cheque or banker's draft to or to the order of the Purchaser.
Refund of Overpayment. In the event that the allocation of Shares results in an individual receiving fewer Shares than the number of Shares for which the individual subscribed and delivered payment, AST shall refund any amount overpaid by the subscriber (as calculated pursuant to Section 4(b) of the Subscription Agent Agreement) concurrently with the delivery to the subscriber of the certificates representing the Shares.
Time is Money Join Law Insider Premium to draft better contracts faster.