Examples of Adjustment Statement in a sentence
The Vendors’ Representative shall be deemed to have accepted the Draft Adjustment Statement if it does not notify the Purchaser of any objection within such period of thirty (30) days and such Draft Adjustment Statement will be final, conclusive and binding on all the Parties, and will not be subject to appeal, absent manifest error, and shall constitute the Final Adjustment Statement for the purposes of this Agreement.
If the actual amounts to be prorated are not known, Seller shall include an itemized estimate in the Closing Adjustment Statement based upon the most recent available rates, assessments, valuations, or other data, and the Parties shall adjust the amounts paid at Closing to reflect such prorations.
The Parties shall be deemed to have agreed upon all other items and amounts contained in such Draft Adjustment Statement other than the Disputed Items.
The Draft Closing Balance Sheet and the Draft Adjustment Statement shall be prepared in accordance with the accounting hierarchy set out in Section 1.7(b).
Subject to customary access protocols (i.e., during normal business hours, not interfering with the business of the Purchaser or the Ingénia Group), the Vendors’ Representative and his accountants shall be permitted reasonable access to all Books and Records, employees and such other information reasonably necessary or desirable to permit the Vendors’ Representative to verify the accuracy, presentation and other matters relating to the Draft Closing Balance Sheet and the Draft Adjustment Statement.