Common use of Reconciliation / Adjustments Clause in Contracts

Reconciliation / Adjustments. The Parties shall jointly reconcile all payments made for the Coal supplies through Online Bill Reconciliation Portal. The Purchaser shall verify/send its observations (if any) on the bills which will be settled by the Seller as per procedures laid down in the Online Bill Reconciliation Portal. The Parties shall forthwith, give credit/debit for the amount reconciled, if any, as assessed during such joint reconciliation. The periodic reconciliation statement shall be jointly signed by the Seller and the Purchaser..

Appears in 5 contracts

Samples: Fuel Supply Agreement, Supply Agreement, Fuel Supply Agreement

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