Statement is conclusive and binding Sample Clauses
The 'Statement is conclusive and binding' clause establishes that a particular statement, determination, or calculation made by a specified party is final and enforceable on all parties involved. In practice, this often applies to matters such as account balances, performance metrics, or compliance confirmations, where one party—such as an agent, auditor, or contract administrator—issues a statement that the others must accept without dispute unless there is a clear error. This clause streamlines decision-making and reduces the potential for prolonged disagreements by designating a single authoritative source for certain facts or figures, thereby promoting certainty and efficiency in contract administration.
Statement is conclusive and binding. You must inspect and examine the statement of account and notify us of any irregularity or error in the statement of account within 10 days from the date of the statement of account, failing which the statement of account is conclusive evidence of your liability in respect of the amounts stated therein save for our manifest or clerical error, provided that we are entitled, at any time and without liability, to rectify any irregularity or error in the statement of account.
Statement is conclusive and binding. You and the business member must inspect and examine the memo statement of account and the master billing statement of account, as the case may be, and notify us of any irregularity or error in such statements within 10 days from the date of the relevant statement, failing which that statement is conclusive evidence of the business member’s liability in respect of the amounts stated therein, provided that we are entitled, at any time and without liability, to rectify any irregularity or error in the memo statement of account or master billing statement of account.
Statement is conclusive and binding. The Corporate Account Holder and Cardholder must inspect and examine the Statement of Account and notify the Bank of any irregularity or error in the Statement of Account within fourteen (14) days from the date of the Statement of Account, failing which the Statement of Account is conclusive evidence of the Corporate Account ▇▇▇▇▇▇’s and the Cardholder’s liability in respect of the amounts stated therein, provided that the Bank is entitled, Holder is liable to pay the Outstanding Balance shown on a Statement of Account to be outstanding as at the date of that Statement of Account. The Corporate Account Holder may, if so determined by the Bank in the Bank’s absolute discretion, however, pay less than the specified Outstanding Balance but must pay at least the minimum payment (calculated according to clause 6.3) which the Bank must receive on or before the Payment Due Date. Payments made to the Bank of any sums due under this Agreement shall not be deemed to have been made until such time as the relevant amounts have been received for value by the Bank.