Adjustment Statements Sample Clauses

Adjustment Statements. If Access Condition B3.3 (Adjustment to Prior Results) applies in respect of all or part of a Period, then Network Rail shall promptly issue to Nexus a statement showing the necessary adjustments (if any) to statements already issued and Performance Sums already paid in respect of the Period, and any such adjusting statement shall be treated as if it were a statement under paragraph 11.1 and, subject to paragraph 12.2, an adjusting payment shall be payable within 28 days of Network Rail's statement.
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Adjustment Statements. If Condition B3.3 (adjustment to prior results) applies in respect of all or part of a Period, then the CVL IM shall promptly issue to the Train Operator a statement showing the necessary adjustments (if any) to statements already issued and Performance Sums already paid in respect of the Period, and any such adjusting statement shall be treated as if it were a statement under paragraph 11.1 and, subject to paragraph 12.2, an adjusting payment shall be payable within 28 days of the CVL IM's statement. Disputes about statements of allocated responsibility Except to the extent that it has, within two Working Days of receipt, notified the CVL IM in accordance with paragraph 15 that it disputes the contents of a statement under paragraphs 6.1 or 6.2, the Train Operator shall be deemed to have agreed the contents of that statement. Any notification of a dispute shall specify the reasons for that dispute. The parties shall attempt to resolve disputes notified in accordance with paragraph 6.4(a) as follows: within the next two clear Working Days after notification of any dispute, nominated representatives of the parties shall attempt to resolve that dispute; and if agreement has not been reached after two clear Working Days, representatives authorised by a more senior level of management of the parties shall use all reasonable endeavours to negotiate a resolution of the dispute. Negotiations under paragraph 6.4(b)(ii) shall continue, if necessary, until a date no earlier than five clear Working Days after the end of the Period in which the event giving rise to the dispute referred to in paragraph 6.4(a) occurred.
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Adjustment Statements. If Condition B3.3 of the CCOS Network Code (Adjustment to prior results) applies in respect of all of part of a Period, then: RfL(I) shall promptly issue to the Train Operator a statement showing the necessary adjustments (if any) to statements already issued and Performance Sums already paid in respect of the Period; any such adjusting statement shall be treated as if it were a statement under paragraph 12.1; and subject to paragraph 13.2, an adjusting payment shall be payable within 28 days of RfL(I)'s statement. Disputes about statements of allocated responsibility Except to the extent that it has, within two Working Days of receipt, notified RfL(I) in accordance with paragraph 15 that it disputes the contents of a statement under paragraphs 7.1, 7.2 or 7.3, the Train Operator shall be deemed to have agreed the contents of that statement. Any notification of a dispute shall specify the reasons for that dispute. The parties shall attempt to resolve disputes notified in accordance with paragraph 7.4.1 as follows: within the next two clear Working Days after notification of any dispute, nominated representatives of the parties shall attempt to resolve that dispute; and if agreement has not been reached after two clear Working Days, representatives authorised by a more senior level of management shall use all reasonable endeavours to negotiate a resolution of the dispute. Negotiations under paragraph 7.4.2(b) shall continue, if necessary, until a date no earlier than five clear Working Days after the end of the Period in which the event giving rise to the dispute referred to in paragraph 7.4.1 occurred. Allocation of Seconds Late to RfL(I) In respect of each Monitoring Point, the Seconds Late at that Monitoring Point on a Day allocated to RfL(I) (the "SLRfL") shall be calculated according to the following formulae: if MPSD is greater than zero: if MPSD is equal to zero: SLRfL = (0.5 x MPSL) + DSDRfL where: MPSL is the aggregate Seconds Late at that Monitoring Point on that Day for all Services in that Service Group, calculated in accordance with paragraph 3; MPSD is the aggregate Monitoring Point Seconds Delay at that Monitoring Point on that Day in respect of that Service Group, calculated in accordance with paragraph 6.5; MPSDRfL is that part of such MPSD which is allocated to RfL(I) in accordance with paragraph 6.6; and DSDRfL is the aggregate Deemed Seconds Delay at that Monitoring Point which is allocated to RfL(I) in accordance with paragraph 6.8. All...
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Adjustment Statements. ‌ If Condition B3.3 of the CCOS Network Code (Adjustment to prior results) applies in respect of all of part of a Period, then:
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Adjustment Statements. (a) If, for any Calculation Date following the first day of commercial production, the result of the calculation of NPV Project Cash Flow Test is negative, then Contractor will submit to CNPA an Adjustment Statement for the Calendar Year following that Calculation Date.
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Adjustment Statements. Each of the Adjustment Statements was true, accurate and not misleading as at the Operative Date, the Second Court Date and the Effective Date and is true, accurate and not misleading on the Implementation Date. Each of the Adjustment Statements will remain in full force and effect after the Implementation Date.
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Adjustment Statements 
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Related to Adjustment Statements

  • Closing Statement (a) At least five (5) business days prior to the Closing Date, the Company shall submit to Buyer a written statement of estimated Current Assets and Current Liabilities as of the last day of the month immediately preceding the Closing Date (the "Estimated Closing Statement") containing the Company's good faith estimate of the Net Working Capital Amount (the "Estimated Net Working Capital Amount"), which shall reflect the items required to be set forth in, and be prepared in a manner consistent with the preparation of, the Closing Statement, in each case in accordance with Section 4.6(b); provided, however, that for purposes of the Estimated Net Working Capital Amount, the parties hereto agree that 50% of the amount of Fuel Sensor Damages (x) actually expended by Parent or the Company from March 1, 2011 through the last day of the month immediately preceding the Closing Date and (y) accrued as current liabilities on the Estimated Closing Statement, shall be added as a credit to the estimated Net Working Capital Amount set forth on the Estimated Closing Statement. Commencing with the Company's delivery of the Estimated Closing Statement to Buyer, Buyer shall have reasonable access to the books and records and personnel of the Company and the opportunity to consult with the Company for purposes of confirming or disputing the Estimated Net Working Capital Amount. If Buyer shall disagree, in good faith, with any item set forth in the Estimated Closing Statement or used to determine the Estimated Net Working Capital Amount, then Buyer and the Company shall work, in good faith, to reach agreement on such disputed items and the amounts as agreed to by Buyer and the Company shall constitute the Estimated Net Working Capital Amount. Notwithstanding the foregoing, Buyer's agreement with the Estimated Net Working Capital Amount (or any item set forth in the Estimated Closing Statement or used to determine the Estimated Net Working Capital Amount) shall not foreclose, prevent, limit or preclude any rights or remedy of Buyer set forth in this Agreement. If the Estimated Net Working Capital Amount is less than the Target Net Working Capital Amount, the amount of the Closing Payment to be paid by Buyer pursuant to Section 4.1(b)(i) shall be reduced by an amount equal to the difference between the Estimated Net Working Capital Amount and the Target Net Working Capital Amount. If the Estimated Net Working Capital Amount is more than the Target Net Working Capital Amount, the amount of the Closing Payment to be paid by Buyer pursuant to Section 4.1(b)(i) shall be increased by an amount equal to the difference between the Estimated Net Working Capital Amount and the Target Net Working Capital Amount.

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

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