Final Proration Statement Clause Samples

Final Proration Statement. On or before March 31, 2001, Purchaser shall submit to Seller a final proration statement consistent with the form of the Closing Proration Statement, prepared as of the Cutoff Date but employing information available as of March 31, 2001 and certified by an officer of Purchaser as being accurate and complete and in accordance with the provisions of this Article 6, and to correctly present the final prorations and adjustments to be made in accordance with the requirements of this Article 6, and as to any amounts for which final information is not available as March 31, 2001, 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 Seller's receipt of the Final Proration Statement, Purchaser agrees to allow Seller, its accountants and representatives, to audit, inspect and copy those books and records in the possession and control of Purchaser which relate to the Final Proration Statement for a period of six (6) months 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 six (6) months 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.