Rights to Receive Statements Sample Clauses

The 'Rights to Receive Statements' clause establishes a party's entitlement to obtain regular statements or reports regarding relevant transactions, account activity, or other pertinent information under the agreement. Typically, this clause outlines the frequency, format, and method by which such statements will be provided, ensuring that the recipient has timely and accurate access to necessary records. Its core practical function is to promote transparency and accountability between the parties, enabling effective monitoring and verification of obligations or financial activities.