Common use of Reconciliation of Accounts Clause in Contracts

Reconciliation of Accounts. Within one (1) month from the fulfillment of the Final Acceptance, the final account reconciliation for the delivered Contractual Items shall be performed. If a difference exists between the amount of the final account reconciliation and the Price of this Agreement corresponding to the obligations of the Supplier related to the Final Acceptance, this difference shall be resolved within one (1) month from the final account reconciliation, as follows: a. If the difference is in favor of the Customer, by payment of this difference in cash by the Supplier in accordance with the Customer's written instructions. b. If the difference is in favor of the Supplier, by payment of this difference in cash by the Customer in accordance with the Supplier's written instructions. On completion of the final account reconciliation, the Customer and the Supplier shall sign a certificate stating that neither Party has any claims with regard to the payment of the Price under this Agreement.

Reconciliation of Accounts. Within one ONE (1) month from the fulfillment of the Final Acceptance, the final account reconciliation for the delivered Contractual Items CONTRACTUAL ITEMS shall be performed. If a difference exists between the amount of the final account reconciliation and the Price of this Agreement corresponding to the obligations of the Supplier related to the Final Acceptance, this difference shall be resolved within one (1) month from the final account reconciliation, as follows: a. If (i) if the difference is in favor of the CustomerBuyer, by payment of this difference in cash by the Supplier in accordance with the CustomerBuyer's written instructions. b. If (ii) if the difference is in favor of the Supplier, by payment of this difference in cash by the Customer Buyer in accordance with the Supplier's written instructions. On completion of the final account reconciliation, the Customer Buyer and the Supplier shall sign a certificate stating that neither Party party has any claims with regard to the payment of the Price under this Agreement.