Balancing Payments definition
Examples of Balancing Payments in a sentence
An example of the calculation of the Balancing Payments is provided in Appendix XII.] [Section 3.3 as set forth above is applicable only to tolling agreements for Gas-fired facilities.
The Global Development Cost-Share Payments shall be made each calendar quarter and such amount will be included in a final quarterly balancing payments as set forth in Section 7.7 (Final Balancing Payments).
Unless otherwise expressly set forth herein, including in respect of the payment of Balancing Payments (which shall be paid in accordance with Section 9.4.3(b)) and in respect of the payment of royalties (which shall be paid in accordance with Section 9.5), the invoicing Party shall invoice the paying Party for any amounts due hereunder, and the paying Party shall pay such invoiced amounts within [***] from receipt of such invoice.
If the aggregate sum of any Balancing Payments paid and payable would exceed the Balancing Payment Cap, the amount of any payable Balancing Payment shall be reduced such that the Balancing Payment Cap is not exceeded.
Unless otherwise expressly set forth herein, including in respect of the payment of Balancing Payments (which shall be paid in accordance with Section 11.7.3(b)) and in respect of the payment of royalties (which shall be paid in accordance with Section 11.8), [***].
For clarity, in the event of a Termination by Gavi under Clause 13.2.1 or Clause 13.2.2 of this Agreement, Gavi shall not be obliged to make any Balancing Payments for Remaining Doses.
The recalculation becomes effec- tive on the day when such Balancing Payments are made.
In addition, the Parties shall share equally (50:50) any Currency Gains or Losses incurred on making payment of the Balancing Payments or other reconciliation payments related to the sharing of Development Costs in accordance Section 11.4 (Sharing of Development Costs) or the sharing of Pre-Tax Profit or Loss in accordance with Section 11.5 (Pre-Tax Profit or Loss).