Revised Statements Sample Clauses

The Revised Statements clause establishes the process for updating or correcting previously issued statements, such as invoices or account summaries, between parties. Typically, this clause outlines the circumstances under which a statement may be revised, the method for notifying the other party of changes, and the timeframe within which corrections must be made. Its core practical function is to ensure accuracy in financial or transactional records, allowing parties to address errors or omissions efficiently and maintain clear, up-to-date documentation.
Revised Statements. (a) For the purposes of preparing Revised Statements, the cut-off time for Trading Participants to provide the Operator with information relating to obligations performed under Transactions in a Billing Period is 9:00 am on the 1st Business Day of the 4th Billing Period after the end of that Billing Period. (b) By the 2nd Business Day of the 4th Billing Period after each Billing Period, the Operator must make available to each Market Participant a Revised Statement in respect of that Billing Period, based on the most recent information provided to the Operator as at the cut-off time under paragraph (a) and taking into account the outcome of any disputes resolved in respect of the Final Statement for that Billing Period. (c) Each Revised Statement (including any further Revised Statement issued under clause 18.5) must: (i) set out the revised amounts payable by or to the Market Participant for the relevant Billing Period; (ii) set out the amount of the adjustment to the net amount payable under the Final Statement for that Billing Period, plus interest at the Interest Rate, calculated as simple interest on a daily basis, for the period commencing on the day after the payment date for that Final Statement and ending on the payment date applicable to the Revised Statement, but taking into account any adjustments previously made as a result of an earlier Revised Statement for the same Billing Period; and (iii) include supporting data that is sufficient to enable each Market Participant to audit the calculation of any adjustment to its net amount payable.
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Revised Statements. For the purposes of preparing Revised Statements, the cut-off time for Trading Participants to provide the Operator with information relating to obligations performed under Transactions in a Billing Period is 9:00am on the 1st Business Day of the 4th Billing Period after the end of that Billing Period.
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Related to Revised Statements

  • Year-End Statements As soon as available and in any event within 5 days after the same is required to be filed with the Securities and Exchange Commission (but in no event later than 120 days after the end of each fiscal year of the Parent), the audited consolidated balance sheet of the Parent and its Subsidiaries as at the end of such fiscal year and the related audited consolidated statements of income, shareholders’ equity and cash flows of the Parent and its Subsidiaries for such fiscal year, setting forth in comparative form the figures as at the end of and for the previous fiscal year, all of which shall be (a) certified by the chief financial officer or chief accounting officer of the Parent, in his or her opinion, to present fairly, in accordance with GAAP and in all material respects, the consolidated financial position of the Parent, the Borrower and its other Subsidiaries as at the date thereof and the results of operations for such period and (b) accompanied by the report thereon of an Approved Accounting Firm, whose certificate shall be unqualified and in scope and substance reasonably satisfactory to the Administrative Agent and who shall have authorized the Borrower to deliver such financial statements and certification thereof to the Administrative Agent and the Lenders pursuant to this Agreement; provided, however, the Parent shall not be required to deliver an item required under this Section if such item is contained in a Form 10-K filed by the Parent with the Securities and Exchange Commission (or any Governmental Authority substituted therefore) and is publicly available to the Administrative Agent and the Lenders.

  • Certain Statements The statements set forth in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus under the caption “Description of Capital Stock,” insofar as they purport to constitute a summary of (A) the terms of the Company’s outstanding securities, (B) the terms of the Securities, and (C) the terms of the documents referred to therein, are accurate and fair in all material respects.

  • Closing Statements Buyer’s Closing Statement, and a certificate confirming the truth of Buyer’s representations and warranties hereunder as of the Closing Date.

  • Review of Financial Statements For a period of three (3) years after the date of this Agreement, the Company, at its expense, shall cause its regularly engaged independent registered public accounting firm to review (but not audit) the Company’s financial statements for each of the three fiscal quarters immediately preceding the announcement of any quarterly financial information.

  • Interim Financial Statements The unaudited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of June 30, 2012 and the related unaudited consolidated statements of income and cash flows for the six months then ended fairly present, in conformity with GAAP applied on a basis consistent with the financial statements referred to in subsection (a) of this Section, the consolidated financial position of the Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such six-month period (subject to normal year-end audit adjustments).