Examples of Apportionment Statement in a sentence
If no such written request is presented to the Purchaser within the Initial Apportionment Statement Review Period, then the Initial Apportionment Statement shall be deemed to have been agreed and approved by the Seller and the Purchaser and shall be final and binding upon them.
Available from URL:http://www1.cbs.gov.il/publications 14/yarhon0214/pdf/b1.pdf (Accessed 13 March 2014).
Any amounts finally determined to be payable by Buyer or any Designated Buyer pursuant to this Section 2.08 as a result of the Closing Date Apportionment Statement, shall be paid by Buyer (or the relevant Designated Buyer) to the Sellers’ Representative (for distribution to the Sellers) promptly following the Determination Date.
All amounts in the Estimated Apportionment Statement and all calculations required by this clause 5.2 are to exclude GST.
To the extent that any incomings and outgoings that are to be apportioned pursuant to clause 5.1(a) have not been determined by the date of preparation of the Final Apportionment Statement, estimated incomings and outgoings will be included in the Final Apportionment Statement.
For the avoidance of doubt, the Closing Date Apportionment Statement shall be prepared in accordance with GAAP, and in a manner consistent with the each Seller’s past accounting practices and conventions.
The paying Party shall be entitled to reimbursement from or shall provide a refund to the non-paying Party in accordance with Section 2.08(a) or Section 8.01(b), as the case may be, to the extent such amount was not reflected in the final Closing Date Apportionment Statement.
Any amounts finally determined to be payable by Sellers pursuant to this Section 2.08 as a result of the Closing Date Apportionment Statement, shall be paid to Buyer (on its own behalf and as agent for the Designated Buyers) by the Escrow Agent out of the Apportionment Escrow Funds promptly following the Determination Date in accordance with the terms of the Escrow Agreement.
The Vendor, subject to Completion, indemnifies and must keep indemnified the Purchaser against all Liabilities incurred or Claims in connection with any failure by the Vendor to perform all obligations under, or comply with the terms of, any Non Freehold Land Contract for the period prior to Completion provided that no claim may be made by the Purchaser under this clause 9.1 for any amount for which it is given credit under the Final Apportionment Statement.
Subject to clause 5.5 below, if the Final Apportionment Statement differs from the Estimated Apportionment Statement, the Vendor will make an adjusting payment to the Purchaser, or the Purchaser will make an adjusting payment to the Vendor, as the case may require, together with interest thereon at the Bank Xxxx Rate (calculated on a daily basis), within 10 Business Days of the receipt by the Purchaser of the Final Apportionment Statement.