Total OS Payment definition
Total OS Payment has the meaning given in clause 1.1 of Schedule 2;
Examples of Total OS Payment in a sentence
The Total OS Payment is an amount equal to the sum of the Operating Supplement (if any) in respect of each Eligible Tenant who has been let a Property in accordance with this Agreement, pro-rated on a daily basis for each day falling within the Payment Period.
Key Term Description • This means that HUD will pay the Provider a Services Payment, based on: o IRRS in respect of Tenants who have been let Properties, for the duration of each relevant Tenancy (subject to any earlier termination or Abandonment); o a Total Turnaround Payment; o a Total Top-up Payment; and o a Total OS Payment; o less any Allowable Deductions.
Key Term Description o a Total OS Payment; o less any Allowable Deductions.