Common use of Confirmation of Settlement Account Clause in Contracts

Confirmation of Settlement Account. Within six (6) months of the crediting of an amount to the Settlement Account, the Appraisal Procedure shall be used to confirm that credits to the Settlement Account were based on the fair market value of the relevant Allocated Assets consistent with the terms of this Agreement. The Settlement Account shall be adjusted consistent with the outcome of the Appraisal Procedure and the payments made pursuant to Section 6.2 hereof shall reflect any such adjustments. [The remainder of this page has been intentionally left blank.]

Appears in 2 contracts

Samples: PRR Operating Agreement (Norfolk Southern Corp), PRR Operating Agreement (Norfolk Southern Railway Co /Va/)

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Confirmation of Settlement Account. Within six sixty (660) months days ----------------------------------- of the crediting of an amount to the Settlement Account, the Appraisal Procedure shall be used to confirm that credits to the Settlement Account were based on the fair market value of the relevant Allocated Assets consistent with the terms of this Agreement. The Settlement Account shall be adjusted consistent with the outcome of the Appraisal Procedure and the payments made pursuant to Section 6.2 hereof shall reflect any such adjustments. [The remainder of this page has been intentionally left blank.]

Appears in 2 contracts

Samples: Operating Agreement (CSX Corp), Operating Agreement (CSX Transportation Inc)

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Confirmation of Settlement Account. Within six sixty (660) months days of the crediting of an amount to the Settlement Account, the Appraisal Procedure shall be used to confirm that credits to the Settlement Account were based on the fair market value of the relevant Allocated Assets consistent with the terms of this Agreement. The Settlement Account shall be adjusted consistent with the outcome of the Appraisal Procedure and the payments made pursuant to Section 6.2 hereof shall reflect any such adjustments. [The remainder of this page has been intentionally left blank.]

Appears in 1 contract

Samples: Operating Agreement (Norfolk Southern Corp)

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