Withheld Funds definition

Withheld Funds refers to the monies withheld by DMAHS or the MCOs of otherwise payable claims to Sable during the period of withholding. The Parties understand that the Withheld Funds cannot be determined until MFD has completed an accounting of such funds. MFD shall make all reasonable efforts to provide to Sable with an accounting of Withheld Funds no later than ninety (90) days after the effective date of this Settlement Agreement. Given the current challenges brought about by the COVID-19 pandemic, the accounting may take longer than ninety (90) days, but will be provided as soon as practicable. Nothing in this Settlement Agreement precludes Sable from disputing the amount of Withheld Funds by any means permitted by law.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Withheld Funds shall have the meaning as set forth in Section 8.2(e).

Withheld Funds has the meaning ascribed to it in Section 6.6(a).

Examples of Withheld Funds in a sentence

Prompt Payment of Withheld Funds to Subconsultants EDCTC shall hold retainage from Consultant and shall make prompt and regular incremental acceptances of portions, as determined by EDCTC of the contract work and pay retainage to Consultant based on these acceptances.
Prompt Payment of Withheld Funds to Subconsultants No retainage will be held by the COUNTY from progress payments due to CONSULTANT.
Prompt Payment of Withheld Funds to Subcontractors VCTC may hold retainage from CONTRACTOR and shall make prompt and regular incremental acceptances of portions, as determined by the VCTC, of the contract work, and pay retainage to CONTRACTOR based on these acceptances.
Buyer has the right to use all or a portion of the Withheld Funds to discharge any such tax liabilities.
Upon Buyer’s satisfaction that Seller has paid all of its sales and use tax obligations, Buyer shall cause the Withheld Funds to be distributed (less any payments made to tax authorities) to Seller.
AHP shall release the Withheld Funds only after the Sponsor provides documentation that adequately, as determined by DHCS, verifies that the Sponsor has expended its Match Funds or that the value of its in-kind contribution and/or Sunk Costs has been reviewed and approved by AHP or DHCS.
Promptly after the expiration of the Escrow Period, the Escrow Agent shall deliver to the Company any funds remaining in the Escrow Fund, together with any interest earned thereon, except that the Escrow Agent shall retain the Withheld Funds in the Escrow Fund until the claim(s) to which they relate are resolved.
Prompt Payment of Withheld Funds to Subconsultants No retainage will be held by the LOCAL AGENCY from progress payments due to VENDOR.
The Total Settlement Amount shall be paid in full by recoupment or setoff by EOHHS of the Total Settlement Amount from the Withheld Funds pursuant to the Notice of Withhold sent to Compassionate.
All Escrowed Funds held by the Escrow Agent on such Termination Date referred to above in this subsection (b) which are in excess of the amount of Withheld Funds shall be promptly released to Endeavour.

More Definitions of Withheld Funds

Withheld Funds means the cash payments specified in Subsections 2.5.1 and 2.5.2 below which shall be held by Buyer in accordance with Section 12 below until the satisfaction of the respective conditions set forth in Subsections 2.5.1, 2.5.2 and in Section 12.

Withheld Funds refers to the monies withheld by DMAHS or the MCOs of otherwise payable claims to Cutrite during the period of withholding. The parties understand that the Withheld Funds cannot be determined until MFD has completed an accounting of such funds. MFD shall make all reasonable efforts to provide to Cutrite an accounting of Withheld Funds no later than ninety (90) days after the effective date of this Settlement Agreement. Given the current challenges brought about by COVID 19, the accounting may take longer than ninety (90) days, but will be provided as soon as practicable.

Withheld Funds refers to the monies withheld by DMAHS or the MCOs of otherwise payable claims to Total Care Nursing during the period of withholding. The Parties understand that the Withheld Funds cannot be determined until MFD has completed an accounting of such funds. MFD shall make all reasonable efforts to provide to Total Care Nursing with an accounting of Withheld Funds no later than ninety (90) days after the effective date of this Settlement Agreement. Given the current challenges brought about by the COVID-19 pandemic, the accounting may take longer than ninety (90) days, but will be provided as soon as practicable. Nothing in this Settlement Agreement precludes Total Care Nursing from disputing the amount of Withheld Funds by any means permitted by law.

Withheld Funds has the meaning given in Section 2.9.

Withheld Funds shall have the meaning specified in Article X.