Adjustment Note Sample Clauses
An Adjustment Note clause outlines the process for issuing a formal document that records changes to previously issued invoices, such as corrections to amounts, errors, or returns. In practice, this clause specifies when and how an adjustment note should be created, who is responsible for issuing it, and the circumstances that warrant its use, such as overcharges or returned goods. Its core function is to ensure accurate financial records and compliance with tax regulations by providing a clear mechanism for amending invoiced amounts.
Adjustment Note. A party will issue an Adjustment Note for or in respect of any Adjustment Event to the other party 5 Business Days prior to the due date for payment (if any) or otherwise, within 10 Business Days of when the party became aware or should have become aware of the Adjustment Event, if there is no payment to be made by the other party.
Adjustment Note. The Licensee will issue an Adjustment Note to the Representative for adjustment events in accordance with GST Law.
Adjustment Note. Each party must issue an adjustment note to the other party as soon as it becomes aware of an adjustment event relating to a taxable supply by it under this document.
Adjustment Note. Upon triggering the MFN clause, the Adjustment Note will be issued to the Purchaser under the following conditions:
Adjustment Note. The Association will issue to the Company an adjustment note in respect of a supply that is subject to an adjustment event covered by clause 7.3.4. Such adjustment note will be issued no later than twenty-one (21) days after the Association becomes aware that the adjustment event has occurred or refunds any GST (or part thereof) in respect of that supply.