Examples of Annual Statement in a sentence
If the District objects to such Annual Statement, then the District shall inform LCMC on or before the last day of such sixty (60) day period by delivering written notice to LCMC (the “Annual Statement Objection”) setting forth a reasonably specific description of its objections to the Annual Statement.
If the District timely delivers an Annual Statement Objection, then the Chief Executive Officer of Newco and a designated District representative shall promptly meet (in person, by telephone or otherwise) and attempt in good faith to resolve any dispute or disagreement relating to Annual Statement; provided that any such resolution shall be subject to the approval of LCMC.
If they are unable to resolve such dispute within thirty (30) days of the delivery of the Annual Statement Objection, then the parties shall (i) first attempt to resolve such dispute in accordance with Sections 11.3(b) and 11.3(c) hereof and (ii) in the event such dispute cannot be resolved in such manner, submit such dispute to non-binding mediation in accordance with Section 11.4(b) hereof.
After an Annual Statement is delivered to the District pursuant to Section 5.4(a), the District shall have sixty (60) days from the date of its receipt of such Annual Statement to review and respond to it in accordance with this Section 5.4(b).
If no Annual Statement Objection is delivered to the District within such sixty (60) day period, then District shall be deemed to have accepted the Annual Statement.