Final Completion Statement/Final Adjustments Sample Clauses
The Final Completion Statement/Final Adjustments clause outlines the process for reconciling all outstanding financial matters between parties at the conclusion of a transaction, such as a property sale. It typically involves preparing a detailed statement that accounts for any remaining payments, credits, or adjustments related to items like taxes, utilities, or repairs up to the closing date. This clause ensures that both parties have a clear and agreed-upon record of all final financial obligations, thereby preventing future disputes and ensuring a clean transfer of ownership or responsibility.
Final Completion Statement/Final Adjustments. Within ninety (90) days after Completion, or within such other period as may be agreed by the Parties, and without prejudice to the provisions of Clause 6, the Seller shall provide the Purchaser with a written statement giving the final amount of the Consideration (excluding the Deferred Purchase Price and that part of the Time Value Adjustment attributable thereto) and all Adjustments to be made hereunder in respect of the Interests together with the Time Value Adjustment required under Clause 3.14.1 and an amount equivalent to interest required under Clause 3.14.
Final Completion Statement/Final Adjustments. Within ninety (90) days after Completion, and without prejudice to the provisions of Clause 7, the Sellers shall provide the Purchaser with a written statement giving the final amount of the Final Consideration and all Adjustments to be made hereunder in respect of the Interests. If the Parties shall fail to agree any such statement within fifteen (15) Business Days of receipt by the Purchaser, the statement shall be referred for determination in accordance with the provisions of Clause 3.14. The agreed or determined amount, to the extent not already paid or taken into account on Completion, shall be paid by the Purchaser or the Sellers (as the case may be). Payment of agreed or disputed amounts or portions thereof shall be made within five (5) Business Days following either agreement of the Parties or determination under Clause 3.14 (as the case may be). This final completion statement (the “Final Completion Statement”) shall be in the format set out in Schedule 4. For the avoidance of doubt, the provisions of this Clause 3.13 shall not apply to any tax adjustments pursuant to Clause 12.
Final Completion Statement/Final Adjustments. Within ninety (90) days after Completion, and without prejudice to the provisions of Clause 7, the Sellers shall provide the Purchaser with a written statement giving the final amount of the Final Consideration and all Adjustments to be made hereunder in respect of the Interests. This final completion statement (the “Final Completion Statement”) shall be in the format set out in Schedule 4.
Final Completion Statement/Final Adjustments. Within sixty days after Completion, and without prejudice to the provisions of clause 6, Seller shall provide Purchaser with a written statement (being a consolidation of separate statements prepared in respect of the Interests, with the separate statements attached), together with reasonably detailed supporting documentation, giving the final amount of the Consideration and all Adjustments to be made hereunder in respect of the Interests (including any amounts left out of account under clause 3.10) together with amounts equivalent to interest in accordance with clause 3.