Financial Settlement Clause Examples
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Financial Settlement. Prior to final payment under this contract, the Contractor and each assignee whose assignment is in effect at the time of final payment under this contract shall execute and deliver: (1) an assignment to Sandia in form and substance satisfactory to the SCR of refunds, rebates, credits or other amounts (including any interest thereon) properly allocable to costs for which the Contractor has been reimbursed by Sandia under this contract; and (2) a release discharging Sandia and the government, their officers, agents and employees from all liabilities, obligations, and claims arising out of or under this contract, subject only to the following exceptions: (i) specified claims in stated amounts or in estimated amounts where the amounts are not susceptible of exact statement by the Contractor; (ii) claims, together with reasonable expenses incidental thereto, based upon liabilities of the Contractor to third parties arising out of performance of this contract; provided that such claims are not known to the Contractor on the date of the execution of the release; and provided further that the Contractor gives notice of such claims in writing to the SCR not more than three (3) years after the date of the release or the date of any notice to the Contractor that Sandia is prepared to make final payment, whichever is earlier; and (iii) claims for reimbursement of costs (other than expenses of the Contractor by reason of any indemnification of Sandia or the government against patent liability), including reasonable expenses incidental thereto, incurred by the Contractor under the provisions of this contract relating to patents. The Contractor and each such assignee hereby agree that the failure to execute and deliver the aforesaid assignment and release within sixty (60) days of a written request therefore by the SCR shall be deemed to be and shall have the same effect as a release as set forth above in Item (2), including a release of all claims set forth in sub Items (i) and (iii) of Item (2).
Financial Settlement. The Parties agree that, within five (5) business days after the execution of this Second Amendment, MDCO shall pay to Eagle the sum of Four Hundred Seventy-One Thousand Seventy-Seven Dollars ($471,077) in full and final satisfaction of the following claims (See Exhibit I):
(i) all amounts payable to MDCO for recall-related expenses incurred by MDCO prior to the Effective Date of this Second Amendment, including product costs, fees for services, cash discounts, GPO fees, pre-paid inventory, royalties and other recall costs;
(ii) all amounts payable to Eagle for Product sold to MDCO in 2011;
(iii) all amounts payable to Eagle for the Product identified in Section 2 (a) of this Second Amendment;
(iv) all amounts payable to Eagle for royalties on Net Sales of the Product prior to July 1, 2012 (audit rights in the License Agreement still apply);
(v) all amounts payable to Eagle for validation batches of the Product, including validation charges;
(vi) all amounts payable to Eagle under Section 7.4.2 of the License Agreement;
(vii) all amounts payable to Eagle for a shipping and temperature control study conducted in connection with the recall of the Product; and
(viii) all amounts prepaid by MDCO in 2011.
Financial Settlement of an e-conveyance, means the exchange of value, in an ELN, between financial institutions in accordance with the instructions of participating subscribers to the e-conveyance.
Financial Settlement. The Settlement Agreement approved by FERC in Docket Nos. EL02-125-000 and EL02-125-001 addressing the financial issues raised in those proceedings.
Financial Settlement. Under this agreement:
A. The client is entitled to open a securities trading account and shall transfer sufficient funds to the account to cover all purchase orders he wants to implement in the market through the Company and acknowledges and agrees that the Company will not implement any purchase order issued by the client unless the client's account includes a balance sufficient to cover these purchase orders.
B. In case the Company has implemented the client's instructions without the provision of sufficient funds, the client shall settle all amounts owed to the Company in addition to the fees and expenses during official working hours specified for the settlement by the market at the trade date. In case the client's non-payment within the specified period, the Company becomes entitled to dispose by selling the transacted securities. This item is deemed an authorization from the client to the Company to do so and to collect the price of sale to settle all amounts owed by the client, without prejudicing the Company's right to liquidate all or part of the client's portfolio if the sale proceeds are not enough to repay.
C. The Company deposits the proceeds of the sale in the event of implementing sale orders, as contained in this Agreement, in the client's trading account at the Company, within the time specified by the market, minus the commission of the Company and the market and any expenses or costs that may be incurred by the Company. However, the client may withdraw the proceeds of the sale only in the time determined by the Company.
D. The Company may withdraw from the client's account directly in case of implementing purchase orders as contained in this Agreement with the value of purchased stocks, the commission of the Company and the market, in addition to any other dues or entitlements. Also, the Company is entitled to withdraw from any other account in the name of the client or any other body in case of non-availability of sufficient funds in the trading account, with priority and preference to any other creditor, with no need to any alert, notification or any other legal action.
E. All the property in the portfolio, restricted, deposited or will be deposited in the future, whether in the company's possession or in the possession of its broker who undertakes the payment of all the client's current and future debts when they fall due and any obligations by him to the Company. The Company retains all client's property and money in his possession a...
Financial Settlement. In the event of termination of the MoU vide the rights and obligations of the parties hereto shall be sealed by mutual decisions; the financial settlement shall take into consideration not only the expenditure incurred but also expenditure committed by the parties pertaining to the project.
Financial Settlement. Fiscal Arrangements, including taxation and resource revenue sharing
Financial Settlement. 1) Zadavatel se zavazuje prostřednictvím společnosti BMS ČR uhradit poskytovateli dohodnutou cenu dle přílohy č. 1 za každý hodnotitelný subjekt, pokud zkoušející klinické hodnocení povede a dokončí tak, jak je stanoveno touto smlouvou a protokolem klinického hodnocení. Smluvní strany berou na vědomí, že předpokládané celkové finanční plnění bude 1 850 000 Kč. XXXXXXXXXXXXXXXXX
1) The Sponsor undertakes, through BMS CR, to pay the Institution the price agreed as per Exhibit 1 for each subject that may be evaluated, if the Investigator conducts and completes the Clinical Trial as stipulated by this Agreement and the Clinical Trial Protocol. The Parties acknowledge that the expected total financial commitment shall be 1 850 000 CZK. XXXXXXXXXXXXXXXXX
2) Poskytovatel bude fakturovat dohodnutou cenu společnosti BMS ČR. V případě, že je poskytovatel plátcem DPH a provádění klinického hodnocení bude považováno ve smyslu zákona o dani z přidané hodnoty v platném znění za zdanitelné plnění, bude k veškerým cenám uvedeným v této smlouvě nebo jejích přílohách připočtena příslušná sazba DPH. K uskutečnění plnění a následné fakturaci dle této smlouvy dochází na základě podrobného přehledu provedených návštěv, které byly následně zkoušejícím zpracovány dle požadavků protokolu a ke kterým zadavatel obdržel všechny řádně vyplněné záznamy subjektů hodnocení. Tento přehled je vypracován zkoušejícím a následně schválen zadavatelem. Podrobný přehled provedených výkonů vypracovává zkoušející vždy
Financial Settlement. Zadavatel se zavazuje prostřednictvím společnosti BMS ČR uhradit zhotoviteli dohodnutou cenu dle přílohy č. 0 xx xxxxx xxxxxxxxxxxx xxxxxxx, pokud zkoušející klinické hodnocení povede a dokončí tak, jak je stanoveno touto smlouvou a protokolem klinického hodnocení. Smluvní strany berou na vědomí, že předpokládané finanční plnění za provedení návštěv zařazených subjektů hodnocení bude 606 043,75 Kč. Dohodnutá cena zahrnuje odměnu zhotoviteli za splnění veškerých úkolů popsaných v této smlouvě 1) The Sponsor undertakes, through BMS CR, to pay the Institution the price agreed as per Exhibit 1 for each subject that may be evaluated, if the Investigator conducts and completes the Clinical Trial as stipulated by this Agreement and the Clinical Trial Protocol. The Parties acknowledge that the expected financial commitment or completing enrolled Clinical Trial Subjects’ visits shall be 606 043.75 CZK. The agreed price includes remuneration for the a jejích přílohách, zejména pak za případný nákup či pronájem produktů či zařízení použitých v rámci plnění takového úkolu, jakož i úhradu nákladů za provedení laboratorních a jiných vyšetření požadovaných protokolem klinického hodnocení, úhradu nákladů souvisejících s poskytnutím kopií dokumentů dle čl. IV odst. 7 písm. f), úhradu nákladů lékárny, včetně nákladů na zajištění likvidace prázdných nebo poloprázdných obalů hodnocených léčivých přípravků a na nakládání s vratnými obaly, které slouží k přepravě léčivých přípravků do místa hodnocení, a úhradu administrativních nákladů spojených s prováděním klinického hodnocení, a to včetně nákladů na archivaci dokumentace vztahující se k tomuto klinickému hodnocení. Dohodnutá cena nezahrnuje odměnu náležející zkoušejícímu a ostatním členům studijního týmu. Odměna pro zkoušejícího a studijní tým bude hrazena zadavatelem zkoušejícímu a studijnímu týmu na základě Dohody o odměně/Smlouvy o spolupráci. Za výplatu odměny členům studijního týmu, se kterými nebyla uzavřena Smlouva o spolupráci, je zodpovědný zkoušející, za výplatu odměny členům studijního týmu, se kterými byla uzavřena Smlouva o spolupráci, je zodpovědný zadavatel. Veškeré platby podle této smlouvy jsou vázány na řádné a včasné provedení klinického hodnocení ve smyslu této smlouvy. Institution for performance of all tasks as described in this Agreement and its Exhibits, including without limitation, for any purchase or lease of products or facilities used in performing such task, as well as compensation for costs of ...
Financial Settlement. The Government shall promptly pay to the Contractor the unpaid balance of allowable costs (or other items specifically approved in writing by the Contracting Officer) and fee upon termination of the work, expiration of the term of the Contract, or completion of the work and its acceptance by the Government after:
(1) Compliance by the Contractor with DOE patent clearance requirements, and
(2) The furnishing by the Contractor of:
(i) An assignment of the Contractor's rights to any refunds, rebates, allowances, accounts receivable, collections accruing to the Contractor in connection with the work under this Contract, or other credits applicable to allowable costs under the Contract;
(ii) A closing financial statement;
(iii) The accounting for Government-owned property required by the Section I Clause entitled, FAR 52.245-5, Government Property (Cost-
(iv) A release discharging the Government, its officers, agents, and employees from all liabilities, obligations, and claims arising out of or under this contract subject only to the following exceptions:
(A) Specified claims in stated amounts or in estimated amounts where the amounts are not susceptible to exact statement by the Contractor;
(B) Claims, together with reasonable expenses incidental thereto, based upon liabilities of the Contractor to third parties arising out of the performance of this Contract; provided that such claims are not known to the Contractor on the date of the execution of the release; and provided further that the Contractor gives notice of such claims in writing to the contracting officer promptly, but not more than one (1) year after the Contractor's right of action first accrues. In addition, the Contractor shall provide prompt notice to the Contracting Officer of all potential claims under this Clause, whether in litigation or not (see also Section I Clause entitled, DEAR 952.231-71, Insurance – Litigation and Claims);
(C) Claims for reimbursement of costs (other than expenses of the Contractor by reason of any indemnification of the Government against patent liability), including reasonable expenses incidental thereto, incurred by the Contractor under the provisions of this contract relating to patents; and
(D) Claims recognizable under the Section I Clause entitled,
(3) In arriving at the amount due the Contractor under this Clause, there shall be deducted,
(i) Any claim which the Government may have against the Contractor in connection with this Contract, and
(ii) Deductions d...