Discrepancy Notice definition
Examples of Discrepancy Notice in a sentence
If Borrower has delivered the Discrepancy Notice that has resulted in the selection of the Independent Accountants, Borrower will bear all the charges of the Independent Accountants.
If Agent has delivered the Discrepancy Notice that has resulted in the selection of the Independent Accountants, Lenders will bear all the charges of the Independent Accountants unless the Independent Accountants determine that the amounts paid to Lender for the applicable calendar year underpaid Lender by an amount equal or in excess of [*****] of the amounts determined to be due to Lender for such calendar year, in which event Borrower shall bear all of the charges of the Independent Accountants.
In the event that Contributor fails to deliver a Discrepancy Notice within such 10-day period, Contributor shall be conclusively presumed to have accepted the adjustments set forth in the Audit Statement.
Discrepancy Notice Period Specify a period within which the discrepancy details should be added to the bills processed under LCs. This period will be calculated from the date of presentation of the bills (which is typically the booking date of the bill) to the issuing bank/confirming bank.
The Contributor shall have the right to review the Audit Statement (and supporting work papers) and provide written notice to Fort Bend of the Contributor's objections with respect to any error, omission, or other discrepancy in the Audit Statement (the "Discrepancy Notice") until 10 days following Contributor's receipt of the Audit Statement.