Final Statements definition
Examples of Final Statements in a sentence
For the purposes of preparing Final 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 14th Business Day after the end of that Billing Period.
If any such notice of disagreement is timely provided, Buyer and Sellers shall use commercially reasonable efforts for a period of ten (10) Business Days (or such longer period as they may mutually agree) to resolve any disagreements with respect to the calculation of any amounts set forth in the Final Statements (and which were previously identified in writing by Sellers pursuant to the first sentence of this Section 3.03(c)).
Subject to paragraph (b), the Operator and all Market Participants must use the Austraclear electronic cash transfer system for the payment of amounts specified in Final Statements.
Buyer will provide Sellers reasonable access to any of Buyer’s and the Company’s records (including work papers and source documents) and relevant employees not otherwise available to Sellers as a result of the transactions contemplated hereby, to the extent reasonably related to Sellers’ review of the Final Statements.
Sellers and Buyer shall bear their own expenses in the preparation and review of the Estimated Closing Statement, the Estimated Cage Cash Closing Statement and Final Statements, except that the fees and expenses of the Auditor shall be paid one-half by Buyer and one-half by Sellers.
The Final Statements shall be final and binding upon the Parties upon delivery thereof and shall not be subject to appeal, absent manifest error.
The Objection Notice shall specify which Final Statement(s) are being disputed and describe in reasonable detail the basis for such disputes.
SDTS and Oncor shall use commercially reasonable efforts to agree, within 30 days after the date that the Final Statements are finally determined pursuant to Section 1.6, to the classification of each SDTS Asset and Oncor T Asset for purposes of determining which of the SDTS Assets are of like-kind to the Oncor T Assets within the meaning of Section 1031 of the Code (the “1031 Allocation”).
Any dispute with respect to the Final Statements will not affect any undisputed amounts in the Final Statements or the related payments contemplated by Section 4.3(d) hereof.
Any increase in the cost of any item, tax or levy, including unfavourable movement of the exchange rate, will be charged to the Client and will, additional to the Tour Cost per Learner, be payable by the Client to the Tour Operator at the time when Final Statements are due, typically 8 (Eight) weeks before Tour departure.