Monthly Summary Statements Sample Clauses
Monthly Summary Statements. Within 30 days after the end of each calendar month, PROVIDING PARTY shall prepare and deliver to the chief accounting officer (or his/her designee) of RECEIVING PARTY a monthly summary statement (each a “Monthly Summary Statement”) setting forth all of the costs owing by the RECEIVING PARTY to the PROVIDING PARTY, including all Corporate Service Fees, Transition Assistance Fees, Out of Pocket Costs, as calculated in accordance with Section 3.1 and Schedule 1.1(a), and any other charges incurred by, and cost allocations made by, PROVIDING PARTY for or on behalf of RECEIVING PARTY for Corporate Services pursuant to this Agreement. For sake of clarification, the Parties acknowledge that unless and until the Parties agree otherwise, the Monthly Summary Statements required hereunder shall including the applicable monthly costs, fees and expenses owing by RECEIVING PARTY to PROVIDING PARTY for all Related Party Agreements, as well as all other agreements between RECEIVING PARTY and PROVIDING PARTY designated to be included by each of RECEIVING PARTY and PROVIDING PARTY, including the Master Accounting and Billing Agreement between FIS and LPS, and the provisions of this Article III should be read and interpreted in conjunction therewith. The specific form of the Monthly Summary Statement shall be as agreed to between the parties from time to time, acting with commercial reasonableness.
Monthly Summary Statements. Within 30 days after the end of each calendar month, PROVIDING PARTY shall prepare and deliver to the chief accounting officer (or his/her designee) of RECEIVING PARTY a monthly summary statement (each a “Monthly Summary Statement”) setting forth all of the costs owing by the RECEIVING PARTY to the PROVIDING PARTY, including all Corporate Service Fees, Transition Assistance Fees, Out of Pocket Costs, as calculated in accordance with Section 3.1 and Schedule 1.1(a). The specific form of the Monthly Summary Statement shall be as agreed to between the Parties from time to time, acting with commercial reasonableness.
Monthly Summary Statements. Subject to the provisions of Paragraphs (b) below, within 30 days after the end of each calendar month, (i) FNF shall prepare and deliver to the FIS chief accounting officer (or his/her designee) a monthly summary statement (each a “Monthly Summary Statement”) setting forth all expenses, costs and fees incurred during the preceding calendar month, attributable or allocable to FIS and its subsidiaries, or otherwise owing by FIS to FNF, under all Intercompany Agreements, as well as all other agreements between designated to be included by the Parties and (ii) FIS shall prepare and deliver to the FNF chief accounting officer (or his/her designee) a Monthly Summary Statement setting forth all expenses, costs and fees incurred during the preceding calendar month, attributable or allocable to FNF and its subsidiaries, or otherwise owing by FNF to FIS, under all Intercompany Agreements, as well as all other agreements between designated to be included by the Parties. The specific form of the Monthly Summary Statement shall be as agreed to between the parties from time to time, acting with commercial reasonableness. Upon receipt of a Monthly Summary Statement, each of FNF (on behalf of itself and its subsidiaries) and FIS (on behalf of itself and its subsidiaries) will review the applicable Monthly Summary Statements and offset the amounts owing, as shown on their respective Monthly Summary Statements for the same month, so that the net amount owing from the applicable Party can be determined (in any case, the “Monthly Net Amount”). The determination of the Monthly Net Amount owing each month shall be made by FNF within two (2) Business Days of delivery of the Monthly Summary Statements from each of FNF and FIS, and FNF shall provide FIS with a written statement of the Monthly Net Amount (the “Monthly Net Amount Statement”). Within ten (10) Business Days of the determination of the Monthly Net Amount, the chief accounting officers (or their designees) from each of FNF and FIS shall confer together regarding the Monthly Summary Statements and the Monthly Net Amount then owing. If the chief accounting officers (or their designees) agree that the Monthly Net Amount is correct, then within ten (10) Business Days after such conference and agreement, the Party owing the Monthly Net Amount shall cause immediately available funds to be transferred to or to the order of the other Party, in an amount equal to the Monthly Net Amount. If the chief accounting officers (or thei...