Disputed Payments definition

Disputed Payments. If the City disputes any items in an invoice Contractor submits for any reason, including lack of supporting documentation, the Director shall temporarily delete the disputed item and pay the remainder of the invoice. The Director shall promptly notify Contractor of the dispute and request remedial action. After the dispute is settled, Contractor shall include the disputed amount on a subsequent regularly scheduled invoice or on a special invoice for the disputed item only.

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Disputed Payments means payments of settlement moneys received by the state from participating manufacturers on or after July 1, 2008, but before July 1, 2011, in regard to the maximum potential NPM adjustment allocable share applicable to Colorado for any year, as calculated by the independent auditor, and any earned income or interest associated with the payments.

Disputed Payments. Any disputes regarding payments shall be resolved by good faith negotiations between the parties. If a resolution cannot be reached, the dispute shall be handled in accordance with Section 7 of this Agreement.

Examples of Disputed Payments in a sentence

• The Independent Auditor shall instruct the Escrow Agent to credit funds from an Account to the Disputed Payments Account when a dispute arises as to such funds, and shall instruct the Escrow Agent to credit funds from the Disputed Payments Account to the appropriate payee when such dispute is resolved with finality.

• Tax: It is your responsibility to meet all requirements under the Indian tax laws including payment of taxes and filing of returns.

• If any Settling State or Participating Manufacturer disputes such amounts or the occurrence of such State-Specific Finality by notice delivered to each other Notice Party not later than 10 Business Days after delivery by the Independent Auditor of the notice described in the second sentence of this subsection (4)(C), the Independent Auditor shall promptly instruct the Escrow Agent to credit the amounts disputed to the Disputed Payments Account and to disburse the undisputed portion to the Foundation.

• Subject to Clause 7.3 (Disputed Payments), a Party fails to pay any amount when due under this Agreement, and that failure is not remedied on or before the 3rd Business Day after the Non-Defaulting Party gives the Party notice of that failure.

• The Purchaser and the Contractor hereby establish and, at all times until this Escrow Agreement is terminated, shall maintain, with the Escrow Agent an escrow account (the "Dispute Account"), in the name of and under the control of [________________] as Escrow Agent, in which the Purchaser shall deposit payments (if and when) made pursuant to Sub-Articles 5(C)(4) of the Supply Contract (the "Disputed Payments").

• Any Participating Manufacturer that by the Payment Due Date does not pay such disputed portion into the Disputed Payments Account shall be liable for interest as provided in subsection IX(h) if the amount disputed was in fact properly due and owing.

• For the purposes of Clause 5.4(a) (Disputed Payments): [ ] sub-paragraph (i) (which requires that a Party disputing in payment shall pay the full amount invoiced by no later than the Payment Due Date) applies, or [ ] sub-paragraph (ii) (which requires that a Party disputing in payment shall pay the undisputed amount invoiced by no later than the Payment Due Date) applies.

• Without prejudice to any other rights or remedies, any amount not paid when due (unless disputed in good faith in accordance with Clause 9.3 (Disputed Payments)) shall bear interest at the Default Rate, compounded monthly and based on the actual number of days elapsed from the applicable Due Date until payment is made, based on a three hundred and sixty-five (365)-day year.

• Should the IRS determine that the Company has a tax liability with respect to the Disputed Payments, the Company expects that such tax liability, including penalties will not exceed $150,000.

• In certain circumstances, TravelPay will be obliged to recover Disputed Payments, collected on your behalf, from you.

More Definitions of Disputed Payments

Disputed Payments. If any sum or part of any sum shown on an invoice rendered by the Seller is disputed in good faith by KPLC then the payment of the undisputed sums or parts shall not be withheld on those grounds and shall be paid to the Seller when due; and interest at the Non-Default Rate shall be payable on any disputed sum subsequently agreed or judged to be due from and including the date when the sum in question was due until but excluding the date when it is received by the Seller, accruing from day to day and compounded quarterly. Any disputed payment will be resolved in accordance with the Good Faith Dispute Procedure.