MTF Payment Module definition

MTF Payment Module or “MTF PM” means the voluntary system to pass through MFP refund payments from a participating manufacturer to dispensing entities per the Manufacturer’s direction in the transmitted claim-level payment elements received from the MTF Data Module Contractor to effectuate MFP in connection with this Agreement.
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Examples of MTF Payment Module in a sentence

  • The following provisions set forth limitations on CMS’ liability and the expectation that the MTF Data Module Contractor and MTF Payment Module Contractor will carry out their responsibilities as prescribed in this Agreement and pursuant to their contractual undertakings with CMS.

  • Neither CMS nor the MTF Data Module Contractor or MTF Payment Module Contractor are responsible for funding or paying the refund amount owed by the Manufacturer in instances where the Manufacturer does not pay an MFP refund owed to dispensing entities, including in cases where the Manufacturer may be unable to pay (e.g., bankruptcy, insolvency).

  • Provide the MTF Data Module Contractor with the Manufacturer’s banking account information for the MTF Data Module Contractor to share with the MTF Payment Module Contractor in order to execute MFP refund payments, in accordance with applicable guidance, regulations and technical instructions.

  • Provide the MTF Data Module Contractor with the Manufacturer’s banking account information, in accordance with applicable guidance and regulations, for the MTF Data Module Contractor to share with the MTF Payment Module Contractor in order to execute MFP refund payments.

  • Nothing in this Agreement shall be construed as a waiver or relinquishment of any legal rights of the Manufacturer or the MTF Payment Module Contractor under any applicable law.

  • The MTF Payment Module Contractor shall comply with the requirements regarding confidentiality and data security contained in the federal procurement contract between CMS and the MTF Payment Module Contractor.

  • The MTF Payment Module Contractor reserves the right to include additional provisions, requirements, or terms and the right to amend this Agreement as it deems necessary or appropriate for the administration of the MTF PM, on its own or at the direction of CMS, subject to applicable laws, guidance, or regulations and the prior approval of CMS.

  • The Manufacturer must also terminate the agreement between the Manufacturer and the MTF Payment Module Contractor.

  • Any notice required to be given to the MTF Payment Module Contractor pursuant to the terms of this MTF PM Agreement shall be sent in writing to [XX].

  • The Manufacturer and the MTF Payment Module Contractor agree that prior to the initial transmission of claim-level data elements, the Manufacturer and the MTF Payment Module Contractor will coordinate with the MTF Data Module Contractor to establish which of the Manufacturer’s bank account(s) are to be used to transfer funds of the Manufacturer to dispensing entities, as authorized and directed by the Manufacturer.

Related to MTF Payment Module

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Delta Payment means as it is described in this Agreement.

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Due Date of Payment means the date on which the amount payable by the DISCOM to the solar power developer hereunder for Delivered Energy, if any, supplied during a billing month becomes due for payment, which date shall be thirty (30) days from the meter reading date provided the bill is received by DISCOM within 5 working days from meter reading date, and in the case of any supplemental or other bill or claim, if any, the due date of payment shall be thirty (30) days from the date of the presentation of such bill or claim to the designated officer of DISCOM. If the last date of payment falls on a holiday, the next working date shall be considered as last date.