Common use of Reconciliation of Final Conveyance Agreement IRR Clause in Contracts

Reconciliation of Final Conveyance Agreement IRR. (i) Developer shall, within one hundred and eighty (180) days after the Termination Date, submit a final Accounting to Authority and the Navy, showing Developer’s cumulative IRR for the entire term of the Project through the Termination Date (the “Final Conveyance Agreement IRR”) and all payments of Additional Consideration made to the Navy on behalf of Authority hereunder during the period specified in Section 1.3(c) and all payments of Authority Consideration made to Authority hereunder during the same period (the “Final Conveyance Agreement IRR Statement”). The Final Conveyance Agreement IRR Statement and Accounting shall be performed and certified by an independent CPA in accordance with appropriate industry standards.

Reconciliation of Final Conveyance Agreement IRR. (i) 3.5.1. Developer shall, within one hundred and eighty (180) days after the Termination Date, submit a final Accounting to Authority and the Navy, showing Developer’s cumulative IRR for the entire term of the Project through the Termination Date (the “Final Conveyance Agreement IRR”) and all payments of Additional Consideration made to the Navy on behalf of Authority hereunder during the period specified in Section 1.3(c) and all payments of Authority Consideration made to Authority hereunder during the same period (the “Final Conveyance Agreement IRR Statement”). The Final Conveyance Agreement IRR Statement and Accounting shall be performed and certified by an independent CPA in accordance with appropriate industry standards.

Reconciliation of Final Conveyance Agreement IRR. (i) Developer shall, within one hundred and eighty (180) days after the Termination Date, submit a final Accounting to Authority and the Navy, showing the Developer’s cumulative IRR for the entire term of the Project through the Termination Date (the “Final Conveyance Agreement IRR”) and all payments of Additional Consideration made to the Navy on behalf of Authority hereunder during the period specified in Section 1.3(c) and all payments of Authority Consideration made to Authority hereunder during the same period (the “Final Conveyance Agreement IRR Statement”). The Final Conveyance Agreement IRR Statement and Accounting shall be performed and certified by an independent CPA in accordance with appropriate industry standards.