Signatory PM definition
Examples of Signatory PM in a sentence
Each Signatory PM that paid amounts attributed to the 2005 NPM Adjustment into the Disputed Payments Account will promptly instruct the Escrow Agent and the Independent Auditor to release from that Account an amount equal to (i) such amounts attributed to the 2005 NPM Adjustment, multiplied by (ii) the aggregate Allocable Share percentage (expressed as a decimal) of all Signatory States that executed this Agreement by January 30, 2009.
However, in the event the aggregate Allocable Share percentage of all Signatory States that executed this Agreement by January 30, 2009 is 80% or more, each such Signatory PM will promptly instruct the Escrow Agent and the Independent Auditor to release from that Account all such amounts attributed to the 2005 NPM Adjustment.
This reimbursement obligation shall not apply until such transfer or offset allocated to that Signatory State’s MSA payments is actually received by the Signatory PM in question.