Companies Statement Sample Clauses

Companies Statement. Subject to Section 8.2, the Companies and the XXXX Supplier shall pay all amounts due to each other hereunder in accordance with the following provisions:
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Companies Statement. Subject to Section 8.2, the Companies and each SSO Supplier shall pay all amounts due to each other hereunder in accordance with the following provisions:
Sample 1Sample 2Sample 3See All (11)
Companies Statement. Subject to Section 8.2, the Companies and the XXXX Supplier shall pay all amounts due to each other hereunder in accordance with the following provisions: for each Billing Month, the Companies will prepare and provide an invoice to the XXXX Supplier, which will show (i) amounts due to the XXXX Supplier equal to the Price multiplied by the PMEA, (ii) the PMEA/FMEA Adjustment from such Billing Month, if any, and (iii) all Charges due to the Companies incurred during the Billing Month (the “Statement”). The Companies will determine the total amount payable by one Party to the other Party by netting the aggregate amounts due and owing to one Party against the aggregate amounts due and owing to the other Party, with the Party, if any, owing the greater aggregate amount paying the other Party the difference between the amounts owed. For any amounts due and owing the Companies, the Companies will specify in each Statement how the amounts will be allocated among the Companies. In the case of the PMEA/FMEA Adjustment, the allocation will be based on the respective XXXX Loads of the Companies. The Statement will be sent to the XXXX Supplier within six (6) Business Days after the end of the Billing Month as provided in Section 13.1. The Companies or the XXXX Supplier, as the case may be, will make payment on the first (1st) Business Day after the nineteenth (19th) day of each calendar month. All payments shall be subject to adjustment for any arithmetic errors, computation errors, or other errors, provided that the errors become known within one (1) year of the earlier of (i) end of the Term or (ii) the Early Termination Date. The Companies or the XXXX Supplier, as the case may be, shall make payments of funds by electronic transfer to a bank designated by the Companies and the XXXX Supplier, as applicable. If a good faith dispute arises between the Companies and the XXXX Supplier regarding a Statement, the disputing Party shall be obligated to pay only the undisputed portion of the Statement, if any, and shall present the dispute in writing and submit supporting documentation to the non-disputing Party within one hundred twenty (120) calendar days from the date of the Statement in dispute. Statement disputes must be addressed promptly, and in accordance with the dispute resolution procedures set forth in Article 10. Upon resolution of a Statement dispute, any payments made to either Party will include simple interest on the payment at the lower of the Interest Index...
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Related to Companies Statement

  • 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.

  • Physician's Statement Employees requesting Temporary Disability Leave shall submit to the Chief, through the chain of command, a written statement from their physician verifying their condition, recommending limited duty or leave of absence, and describing their limitations and prognosis. The Chief may refer employees for additional evaluation of their condition. A written medical release from a physician shall be submitted prior to an employee's return to full or limited duty.

  • Account Statement  Every month THE BANK shall remit to the Customer by mail, to the registered address in THE BANK, a Account Statement or the CUSTOMER may view it in the Online Banking if he deems it convenient. If THE CUSTOMER does not object to such Account Statement after 10 days of having elapsed from the cut-off date, it shall be deemed accepted by the CUSTOMER, and its debit or credit balances shall be final on the date of the account. Claims against other types of communications shall be submitted to THE BANK immediately. All claims shall be in writing and the absence of a claim shall be construed as a sign of conformity of the CUSTOMER.  The presentation or remittance of the Account Statement constitutes a request to THE BANK for the CUSTOMER to give its conformity with the performed liquidation. THE BANK may from time to time make changes regarding the remittance of the Account Statement. To such effects THE BANK shall send the Account Statement:

  • Submission of Audits and Financial Statements A. Audits Due the earlier of 30 days after receipt of the independent certified public accountant's report or nine months after the end of the fiscal year, Grantee shall submit electronically one copy of the single audit or program-specific audit to the System Agency via:

  • DIRECTORS’ STATEMENT The Board is of the opinion that the Shareholders’ Agreement is in the best interest of the Company.

  • Financial Statement Audit If, during its fiscal year, Grantee expends less than $750,000 in Federal Awards, Grantee is subject to the following audit requirements:

  • Explanatory Statement 6 A. Pursuant to Article II of Chapter 60 of the Harford County Code, as amended (the 7 “Act”), the County Council of Harford County, Maryland (the “County Council”) created the 8 Agricultural Land Preservation and Purchase of Development Rights Program to preserve 9 productive Agricultural Land and Woodland (each as defined in the Act), which provide for the 10 continued production of food and fiber for the citizens of the County.

  • Settlement Statement A settlement statement setting forth the amounts paid by or on behalf of and/or credited to each of Purchaser and Seller pursuant to this Agreement;

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