Common use of Settlement and Objection Appeals Clause in Contracts

Settlement and Objection Appeals. The Partner may only raise a written objection to the Report it has received pursuant to Article 4.3 within eight (8) business days after the last day of each applicable calendar month (“Objection Period”). To clarify, the Partner may only raise a written objection to the May Report within the first eight (8) business days of June. However, if the Partner does not receive a Report pursuant to Article 4.3 within seven (7) business days from the last day of the applicable month because of reasons solely attributable to SGS, the Partner may raise a written objection within three (3) business days from the date of receipt of the Report (“Additional Objection Period”). If the Partner does not raise a written objection within the Objection Period or the Additional Objection Period, it shall be deemed that the Partner accepts such Report without objection; provided, however, that if the Partner raises a written objection to the Report within the Objection Period or the Additional Objection Period, the Parties shall discuss in good faith to resolve such objection by mutual agreement, and the amount under dispute will be settled as follows: (a) if SGS and the Partner reaches an agreement within the Objection Period or Additional Objection Period, SGS will first make payment to the Partner, as described in Article 4.5, according to the amount originally found in the Report, and any additional amount of payment agreed between the Parties will be reflected in the next month’s Report and paid accordingly. (b) if SGS and the Partner cannot reach an agreement within the Objection Period or Additional Objection Period, SGS will first make payment to the Partner, as described in Article 4.5, according to the amount originally found in the Report, and once the Parties reach an agreement, any additional amount of payment agreed between the Parties will be reflected in the Report for the month immediately following the date of agreement and paid accordingly.

Settlement and Objection Appeals. The Partner may only raise a written objection to the Report it has received pursuant to Article 4.3 within eight (8) business days after the last day of each applicable calendar month (“Objection Period”). To clarify, the Partner may only raise a written objection to the May Report within the first eight (8) business days of June. However, if the Partner does not receive a Report pursuant to Article 4.3 within seven (7) business days from the last day of the applicable month because of reasons solely attributable to SGS, the Partner may raise a written objection within three (3) business days from the date of receipt of the Report (“Additional Objection Period”). If the Partner does not raise a written objection within the Objection Period or the Additional Objection Period, it shall be deemed that the Partner accepts such Report without objection; provided, however, that if the Partner raises a written objection to the Report within the Objection Period or the Additional Objection Period, the Parties shall discuss in good faith to resolve such objection by mutual agreement, and the amount under dispute will be settled as follows: (a) if SGS and the Partner reaches an agreement within the Objection Period or Additional Objection Period, SGS will first make payment to the Partner, as described in Article 4.5, according to the amount originally found in the Report, and any additional amount of payment agreed between the Parties will be reflected in the next month’s Report and paid accordingly. (b) if SGS and the Partner cannot fail to reach an agreement within the Objection Period or Additional Objection Period, SGS will first make payment to the Partner, as described in Article 4.5, according to the amount originally found in the Report, and once the Parties reach an agreement, any additional amount of payment agreed between the Parties will be reflected in the Report for the month immediately following the date of agreement and paid accordingly.