Common use of Annual Reconciliation / Adjustments Clause in Contracts

Annual Reconciliation / Adjustments. The Parties shall jointly reconcile all payments made for the monthly Coal supplies during the Year by end of May of the following Year. The Parties shall, forthwith, give credit/debit for the amount falling due, if any, as assessed during such joint reconciliation. The annual reconciliation statement shall be jointly signed by the authorised representative of the Seller and the Purchaser which shall be final and binding.

Appears in 8 contracts

Samples: Coal Supply Agreement, Fuel Supply Agreement, Fuel Supply Agreement

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Annual Reconciliation / Adjustments. The Parties shall jointly reconcile all payments made for the monthly Coal supplies during the Year by end of May April of the following Year. The Parties shall, forthwith, give credit/debit for the amount falling due, if any, as assessed during such joint reconciliation. The annual reconciliation statement shall be jointly signed by the authorised representative of the Seller and the Purchaser which shall be final and binding.

Appears in 7 contracts

Samples: Fuel Supply Agreement, Coal Supply Agreement, Coal Supply Agreement

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Annual Reconciliation / Adjustments. The Parties shall jointly reconcile all payments made for the monthly Monthly Coal supplies during the Year by end of May of the following Year. The Parties shall, forthwith, give credit/debit for the amount falling duereconciled, if any, as assessed during such joint reconciliation. The annual reconciliation statement shall be jointly signed by the authorised representative of the Seller and the Purchaser which shall be final and binding.

Appears in 3 contracts

Samples: Fuel Supply Agreement, Fuel Supply Agreement, Fuel Supply Agreement

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