Statement is conclusive and binding Sample Clauses

The 'Statement is conclusive and binding' clause establishes that a particular statement, determination, or calculation made by a specified party is final and enforceable on all parties involved. In practice, this often applies to matters such as account balances, performance metrics, or compliance confirmations, where one party—such as an agent, auditor, or contract administrator—issues a statement that the others must accept without dispute unless there is a clear error. This clause streamlines decision-making and reduces the potential for prolonged disagreements by designating a single authoritative source for certain facts or figures, thereby promoting certainty and efficiency in contract administration.
Statement is conclusive and binding. You must inspect and examine the statement of account and notify us of any irregularity or error in the statement of account within 10 days from the date of the statement of account, failing which the statement of account is conclusive evidence of your liability in respect of the amounts stated therein save for our manifest or clerical error, provided that we are entitled, at any time and without liability, to rectify any irregularity or error in the statement of account.
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Statement is conclusive and binding. You and the business member must inspect and examine the memo statement of account and the master billing statement of account, as the case may be, and notify us of any irregularity or error in such statements within 10 days from the date of the relevant statement, failing which that statement is conclusive evidence of the business member’s liability in respect of the amounts stated therein, provided that we are entitled, at any time and without liability, to rectify any irregularity or error in the memo statement of account or master billing statement of account.
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Statement is conclusive and binding. The Corporate Account Holder and Cardholder must inspect and examine the Statement of Account and notify the Bank of any irregularity or error in the Statement of Account within fourteen (14) days from the date of the Statement of Account, failing which the Statement of Account is conclusive evidence of the Corporate Account ▇▇▇▇▇▇’s and the Cardholder’s liability in respect of the amounts stated therein, provided that the Bank is entitled, Holder is liable to pay the Outstanding Balance shown on a Statement of Account to be outstanding as at the date of that Statement of Account. The Corporate Account Holder may, if so determined by the Bank in the Bank’s absolute discretion, however, pay less than the specified Outstanding Balance but must pay at least the minimum payment (calculated according to clause 6.3) which the Bank must receive on or before the Payment Due Date. Payments made to the Bank of any sums due under this Agreement shall not be deemed to have been made until such time as the relevant amounts have been received for value by the Bank.
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Related to Statement is conclusive and binding

  • Successors and Binding Agreement (a) The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Indemnitee and his or her counsel, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement shall be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any person acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor will thereafter be deemed the “Company” for purposes of this Agreement), but shall not otherwise be assignable or delegatable by the Company. (b) This Agreement shall inure to the benefit of and be enforceable by the Indemnitee’s personal or legal representatives, executors, administrators, heirs, distributees, legatees and other successors. (c) This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 15(a) and 15(b). Without limiting the generality or effect of the foregoing, Indemnitee’s right to receive payments hereunder shall not be assignable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by the Indemnitee’s will or by the laws of descent and distribution, and, in the event of any attempted assignment or transfer contrary to this Section 15(c), the Company shall have no liability to pay any amount so attempted to be assigned or transferred.

  • Legal and Binding Agreement This Agreement is legal and binding between the Parties as stated above. This Agreement may be entered into and is legal and binding both in the United States and throughout Europe. The Parties each represent that they have the authority to enter into this Agreement.

  • Valid and Binding Agreement This Agreement has been duly executed and delivered by Seller and constitutes, and each other agreement, instrument, or document executed or to be executed by Seller in connection with the transactions contemplated hereby to which it is a party has been, or when executed will be, duly executed and delivered by Seller and constitutes, or when executed and delivered will constitute, a valid and legally binding obligation of Seller, enforceable against it in accordance with their respective terms, except that such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium, and similar laws affecting creditors' rights generally and (b) equitable principles which may limit the availability of certain equitable remedies (such as specific performance) in certain instances.