Submission of Final Cost Statement Sample Clauses

Submission of Final Cost Statement. No later than sixty (60) days after the completion of the answer print or eighteen (18) months after wrap of principal photography, whichever comes first, Employer shall submit to the DGA a statement of all actual costs incurred in connection with the production of the Picture (i.e., those costs commonly referred to as the “negative cost”) that are not properly excluded from the Budget, as detailed in the first paragraph above (the “Final Cost Statement”). The DGA shall have the right to review and audit records relating to the cost of the Picture. The DGA shall have six (6) months from the date of receipt of the Final Cost Statement to notify Employer of a challenge or claim concerning the appropriate Level for the Picture. After said six (6) month period, the DGA shall be deemed to have waived the right to challenge the Budget or Level of production cost of the Picture. Costs incurred on account of force majeure events, default or disability of major talent, government action, or reshooting due to faulty negative caused by technical problems outside of Employer’s control shall not be counted toward the actual costs. If the actual final production cost of the Picture exceeds the Budget approved by the DGA by more than the budgeted contingency and such actual final production cost causes the Picture to have a Budget higher than its original Level, then the Picture shall be reclassified into such higher Level, the provisions applicable to the higher Level shall apply, and all salaries and other terms shall be adjusted accordingly and paid within thirty (30) days after submission of the Final Cost Statement. The currency rate in effect on the earlier of the date the bank financing for the Picture closes, or the start of principal photography, will be used for purposes of determining the Budget, and the final cost, of the Picture. For any Director assigned to the Picture, Employer shall use a deal memorandum in content and form substantially as set forth in Exhibit A attached to this Sideletter. For any Unit Production Manager and Assistant Director assigned to the Picture, Employer shall use a deal memorandum in content and form substantially as set forth in Exhibit B attached to this Sideletter.
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Related to Submission of Final Cost Statement

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  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

  • Periodic Statement Each month we will send you a periodic statement for each Credit Card account you have with us covering the previous billing period. We may not send you a statement if your balance is zero and there were no transactions during the billing period. The statement will have a "Statement Closing Date" and a "Payment Due Date," and will show, among other things, your "Previous Balance," your "New Balance," and your minimum monthly payment, which will be shown as "Minimum Payment Due." The periodic statement is part of this Agreement. If you choose to receive periodic statements electronically, the statements will be deemed to have been sent to you when they are first made available for you to view online.

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