Draft Statement definition
Examples of Draft Statement in a sentence
For each item disputed, the Objections Statement must include reasonable details of the specific items that are not accepted, the original amounts for these, the adjustment, as well as the adjusted amount according to the Purchaser, all summarised and presented in similar formats as the relevant Draft Statement to which it relates.
If a Party disputes the Draft Statement of Expenses (or any part of it), it shall, within five (5) days of the date of the Draft Statement of Expenses notify the Committee with details of the dispute (a Dispute Notification) and, within a further seven (7) days, provide such supporting evidence as the Committee may reasonably require.
Determinations under Paragraph C3 shall be reflected in the next following Draft Statement of Expenses to be issued under Paragraph B2, and any Party that made a Dispute Notification may not make a Dispute Notification in respect of that part or parts of the Draft Statement of Expenses that were subject to the earlier dispute.
If it is alleged that an employee has violated a rule or regulation of the District, the rule or regulation shall be set forth in the Draft Statement of Charges.
The Purchaser Parties, on the one hand, and Agent (for and on behalf of the Shareholders), on the other hand, will each bear the fees and expenses of their respective accountants, auditors and other professional advisors in preparing, reviewing or settling, as the case may be, the Draft Statement.