FINAL PRORATION STATEMENT Sample Clauses

FINAL PRORATION STATEMENT. As soon as practicable after the Closing Date, but no later than the first (1st) Business Day that is ninety (90) days after the Closing Date, Buyer shall prepare a statement (“Final Proration Statement”) setting forth (i) the calculation of the Amount to be Prorated on the Closing Date on a basis consistent with that employed in the preparation of the Estimated Proration Statement and in accordance with Section 3.4 (the “Final Amount to be Prorated”) and (ii) the difference, if any, by which the Final Amount to be Prorated is greater than or less than the Estimated Amount to be Prorated.
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FINAL PRORATION STATEMENT. On or before May 1, 1997, Purchaser shall submit to Seller a final proration statement consistent with the form of the Closing Statement, prepared as of the Cutoff Date but employing information available as of April 1, 1997, and certified by an officer of Purchaser as being accurate and complete and in accordance with the provisions of this Article 7, and to correctly present the final prorations and adjustments to be made in accordance with the requirements of this Article 7, and as to any amounts for which final information is not available as of April 1, 1997, employing an estimate agreed to by Purchaser and Seller in their reasonable judgment (the "FINAL PRORATION STATEMENT"). Upon issuance of the Final Proration Statement, the parties shall make such final proration payments as are thereby indicated to be due. Following the Seller's receipt of the Final Proration Statement, Purchaser agrees to allow Seller, its accountants and representatives, to examine those books and records in the possession and control of Purchaser which relate to the Final Proration Statement for a period of one (1) year following issuance thereof, at the place or places where they are then regularly maintained, during regular business hours and upon reasonable prior notice to Purchaser, and to discuss the subject matter thereof with Purchaser's employees and accountants. Purchaser agrees to retain such books and records for one (1) year following issuance of the Final Proration Statement, and in the event of an examination thereof that is commenced during such period by Seller, then for such additional period as is reasonably necessary to permit completion thereof and the resolution of any dispute in connection therewith.
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Related to FINAL PRORATION STATEMENT

  • LITIGATION STATEMENT CHECK ONE

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  • Costs of updating of registration statement If provided for in the Prospectus for a Trust, the Trustee shall pay, or reimburse to the Depositor, the expenses related to the updating of the Trust's registration statement, to the extent of legal fees, typesetting fees, electronic filing expenses and regulatory filing fees. Such expenses shall be paid from the Income Account, or to the extent funds are not available in such Account, from the Capital Account, against an invoice or invoices therefor presented to the Trustee by the Depositor. By presenting such invoice or invoices, the Depositor shall be deemed to certify, upon which certification the Trustee is authorized conclusively to rely, that the amounts claimed therein are properly payable pursuant to this paragraph. The Depositor shall provide the Trustee, from time to time as requested, an estimate of the amount of such expenses, which the Trustee shall use for the purpose of estimating the accrual of Trust expenses. The amount paid by the Trust pursuant to this paragraph in each year shall be separately identified in the annual statement provided to Unit holders. The Depositor shall assure that the Prospectus for the Trust contains such disclosure as shall be necessary to permit payment by the Trust of the expenses contemplated by this paragraph under applicable laws and regulations. The provisions of this paragraph shall not limit the authority of the Trustee to pay, or reimburse to the Depositor or others, such other or additional expenses as may be determined to be payable from the Trust as provided in this Section 6.02.

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