Ledger System definition

Ledger System means the system within the MTF PM, as described in applicable guidance, regulations, and technical instruction, to track credits and debits for MFP refund payments for each of the selected drug(s) at the dispensing entity National Provider Identifier (“NPI”)-level on behalf of participating manufacturers.
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Examples of Ledger System in a sentence

  • The billing entity can use it to carry out any account postings for such invoices within its Revenue Accounting/General Ledger System.

  • The MTF PM (1) provides manufacturers with a mechanism for electronic transfer of funds or payment by paper check to facilitate MFP refund payments to dispensing entities; and (2) provides manufacturers with the Ledger System as established in applicable guidance, regulations, and technical instructions to track the flow of MFP refunds and to handle reversals, adjustments, and other claim revisions inevitable in a dynamic claim payment system.

  • Authorize the MTF PM to send to dispensing entities a payment equal to the total refunds to be paid as indicated in the Manufacturer’s reported claim-level payment elements, regardless of any credits which may be applied under the Ledger System.

  • The Manufacturer shall also assume control of any outstanding credits under the Ledger System.

  • Manufacturer acknowledges that if a selected drug(s) transfers ownership, as described in section VIII(e), credits and debits will remain in the Ledger System and be transferred from the Transferring Manufacturer (as defined in section VIII(e)(2)) to the Acquiring Manufacturer (as defined in section VIII(e)(2)).

  • The Manufacturer shall also assume control of any outstanding credits for such selected drug(s) under the Ledger System.

  • Manufacturer acknowledges that, if Manufacturer terminates participation in the Negotiation Program, either in its entirety or as to a specific selected drug(s), therefore terminating this Agreement following the process described in section VIII(d) of this Agreement, or has terminated participation in the MTF PM either in its entirety or as to a specific selected drug(s), CMS will provide the Manufacturer with an accounting of any outstanding credits in the Ledger System.

  • All transactions in respect of Managed Budgets will be against SBC’s suite of codes on the IBs Integra Financial Ledger System, and will be identified as SBC’s transactions for taxation purposes.

  • If applicable, the MTF PM: (1) provides the Manufacturer with a mechanism for electronic transfer of funds or payment by paper check to facilitate MFP refund payments to dispensing entities; and (2) provides the Manufacturer with the Ledger System described in section II(j)(5) of this Agreement to track the flow of MFP refunds and to handle reversals, adjustments, and other claim revisions inevitable in a dynamic claim payment system.

  • Manufacturer acknowledges that if a selected drug(s) transfers ownership, as described in section IX(e), credits and debits will remain in the Ledger System and be transferred from the Transferring Manufacturer (as defined in section IX(e)(2)) to the Acquiring Manufacturer (as defined in section IX(e)(2)).

Related to Ledger System

  • Supplier System the information and communications technology system used by the Supplier in performing the Services including any software, the Equipment and related cabling (but excluding the Commissioner System);

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • Sewer System means pipelines or conduits, pumping stations, force mains, vehicles, vessels, conveyances, injection wells, and all other constructions, devices, and appliances appurtenant thereto used for conducting sewage or industrial waste or other wastes to a point of ultimate disposal or disposal to any water of the state. To the extent that they are not subject to section 402 of the federal Water Pollution Control Act, ditches, pipes, and drains that serve only to collect, channel, direct, and convey nonpoint runoff from precipitation are not considered as sewer systems for the purposes of this part of this division.

  • ▇▇▇▇▇ System means the ▇▇▇▇▇ filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).