{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "due-and-owing", "type": "definition", "offset": [11, 24]}, {"key": "by-either-party", "type": "clause", "offset": [25, 40]}, {"key": "adjustments-to-payments", "type": "clause", "offset": [88, 111]}, {"key": "refunds-due", "type": "clause", "offset": [157, 168]}, {"key": "days-after", "type": "definition", "offset": [201, 211]}, {"key": "service-end-date", "type": "definition", "offset": [216, 232]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [261, 290]}], "samples": [{"hash": "drHSlwFZNhS", "uri": "/contracts/drHSlwFZNhS#final-adjustments", "label": "Gas Delivery Agreement", "score": 35.5900802612, "published": true}, {"hash": "kTJtybkIlve", "uri": "/contracts/kTJtybkIlve#final-adjustments", "label": "Gas Delivery Agreement", "score": 34.5026130676, "published": true}, {"hash": "8H8Bfjwf2lP", "uri": "/contracts/8H8Bfjwf2lP#final-adjustments", "label": "Gas Delivery Agreement", "score": 33.5900802612, "published": true}], "snippet": "Any monies due and owing by either Party to the other shall be paid, any corrections or adjustments to payments previously made shall be determined, and any refunds due shall be made within sixty (60) days after the Service End Date, or if earlier, the date of termination of this Agreement.", "size": 32, "hash": "b9d4cd9b920414691d964c7680aece68", "id": 1}, {"snippet_links": [{"key": "days-after", "type": "definition", "offset": [32, 42]}, {"key": "date-of-closing", "type": "definition", "offset": [47, 62]}, {"key": "seller-shall", "type": "clause", "offset": [64, 76]}, {"key": "consultation-with-buyer", "type": "clause", "offset": [89, 112]}, {"key": "final-settlement-statement", "type": "definition", "offset": [116, 142]}, {"key": "acting-reasonably", "type": "clause", "offset": [144, 161]}, {"key": "in-good-faith", "type": "definition", "offset": [166, 179]}, {"key": "the-final", "type": "clause", "offset": [234, 243]}, {"key": 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{"key": "such-party", "type": "clause", "offset": [1278, 1288]}, {"key": "agree-to", "type": "clause", "offset": [1324, 1332]}, {"key": "written-objection", "type": "definition", "offset": [1387, 1404]}, {"key": "by-seller", "type": "clause", "offset": [1449, 1458]}, {"key": "in-dispute", "type": "definition", "offset": [1486, 1496]}, {"key": "by-buyer-or-seller", "type": "clause", "offset": [1511, 1529]}, {"key": "expiration-of", "type": "clause", "offset": [1558, 1571]}, {"key": "either-party", "type": "clause", "offset": [1599, 1611]}, {"key": "independent-expert", "type": "definition", "offset": [1647, 1665]}, {"key": "with-respect-to", "type": "clause", "offset": [1758, 1773]}, {"key": "relating-to", "type": "definition", "offset": [1786, 1797]}, {"key": "the-independent", "type": "clause", "offset": [1841, 1856]}, {"key": "pursuant-to-section-8", "type": "clause", "offset": [1873, 1894]}, {"key": "title-defect", "type": "definition", "offset": [1913, 1925]}, {"key": "environmental-defect", "type": "clause", "offset": [1929, 1949]}], "samples": [{"hash": "kMbDd9FFtsb", "uri": "/contracts/kMbDd9FFtsb#final-adjustments", "label": "Purchase and Sale Agreement", "score": 32.1903572083, "published": true}, {"hash": "fjwJYXLwncH", "uri": "/contracts/fjwJYXLwncH#final-adjustments", "label": "Purchase and Sale Agreement (Rosetta Resources Inc.)", "score": 24.3429164886, "published": true}, {"hash": "dVdKqsdIwmn", "uri": "/contracts/dVdKqsdIwmn#final-adjustments", "label": "Purchase and Sale Agreement (Comstock Resources Inc)", "score": 24.2087612152, "published": true}], "snippet": "Within one hundred twenty (120) days after the date of Closing, Seller shall prepare, in consultation with Buyer, a Final Settlement Statement, acting reasonably and in good faith (the \u201cFinal Settlement Statement\u201d), setting forth (i) the final adjustments to the Purchase Price provided in Section 2.4 and (ii) any other adjustments arising pursuant to this Agreement or to which the parties mutually agree. Seller may set off any resulting amount due to Buyer against any amount or sum that Buyer may otherwise owe to Seller under the terms of this Agreement. Seller shall submit the Final Settlement Statement to Buyer, along with copies of third party vendor invoices, or other evidence of expenses agreed to by Buyer and Seller. Buyer shall respond in writing with objections and proposed corrections within thirty (30) days of receiving the Final Settlement Statement. If Buyer does not respond to the Final Settlement Statement by signing or objecting in writing within such thirty (30) day period, the statement will be deemed approved by Buyer and final and binding between the parties. After approval of the Final Settlement Statement, Buyer or Seller will send a check or invoice to Seller or Buyer, as the case may be, for the net amount reflected therein as owed by such party. If Buyer and Seller are unable to agree to all adjustments within thirty (30) days after Buyer\u2019s written objection to the Final Settlement Statement submitted by Seller, adjustments which are not in dispute shall be paid by Buyer or Seller, as the case may be, at the expiration of such thirty day period and either party may submit such disagreement to an Independent Expert selected in the manner provided in Section 8 for resolution. An Independent Expert selected with respect to any dispute relating to the Final Settlement Statement need not be the Independent Expert selected pursuant to Section 8 with respect to a Title Defect or Environmental Defect, if any such person had been previously selected with respect to such matters.", "size": 22, "hash": "02b7688555f5fc9a9ab8958cafff5e8d", "id": 2}, {"snippet_links": [{"key": "except-as-otherwise-provided", "type": "clause", "offset": [0, 28]}, {"key": "as-of-closing", "type": "clause", "offset": [110, 123]}, {"key": "of-the-parties", "type": "clause", "offset": [155, 169]}, {"key": "reasonable-estimates", "type": "clause", "offset": [171, 191]}, {"key": "subject-of", "type": "clause", "offset": [246, 256]}, {"key": "final-proration", "type": "clause", "offset": [259, 274]}, {"key": "after-closing", "type": "definition", "offset": [283, 296]}, {"key": "promptly-notify", "type": "clause", "offset": [374, 389]}, {"key": "estimated-amount", "type": "definition", "offset": [435, 451]}, {"key": "expense-amounts", "type": "clause", "offset": [495, 510]}, {"key": "the-parties-shall", "type": "clause", "offset": [534, 551]}, {"key": "in-good-faith", "type": "definition", "offset": [564, 577]}, {"key": "proration-statement", "type": "definition", "offset": [594, 613]}, {"key": "by-the-parties", "type": "clause", "offset": [664, 678]}], "samples": [{"hash": "1YG8wsXGBNw", "uri": "/contracts/1YG8wsXGBNw#final-adjustments", "label": "Asset Purchase Agreement (Landmark Infrastructure Partners LP)", "score": 26.9685153961, "published": true}, {"hash": "dY7cJ1jZT1S", "uri": "/contracts/dY7cJ1jZT1S#final-adjustments", "label": "Asset Purchase Agreement (Landmark Infrastructure Partners LP)", "score": 26.7221088409, "published": true}, {"hash": "llLHlnO7Fq3", "uri": "/contracts/llLHlnO7Fq3#final-adjustments", "label": "Asset Purchase Agreement", "score": 26.5961666107, "published": true}], "snippet": "Except as otherwise provided herein, any revenue or expense amount which cannot be ascertained with certainty as of Closing shall be prorated on the basis of the Parties\u2019 reasonable estimates of such amount and current receipts, and shall be the subject of a final proration 60 days after Closing, or as soon thereafter as the precise amounts can be ascertained. OpCo shall promptly notify Landmark when it becomes aware that any such estimated amount has been ascertained. Once all revenue and expense amounts have been ascertained, the Parties shall jointly and in good faith prepare a final proration statement, which final proration statement when agreed upon by the Parties, shall be conclusively deemed to be accurate and final.", "size": 17, "hash": "028dc55b23cd97963f9e7c568aa5c2cb", "id": 3}, {"snippet_links": [{"key": "after-the-closing-date", "type": "clause", "offset": [34, 56]}, {"key": "to-parent", "type": "definition", "offset": [94, 103]}, {"key": "written-statement", "type": "clause", "offset": [106, 123]}, {"key": "final-closing-statement", "type": "definition", "offset": [130, 153]}, {"key": "the-final-closing", "type": "clause", "offset": [163, 180]}, {"key": "final-closing-net-working-capital-overage", "type": "definition", "offset": [226, 267]}, {"key": "final-closing-net-working-capital-shortage", "type": "definition", "offset": [280, 322]}, {"key": "final-closing-indebtedness", "type": "definition", "offset": [342, 368]}, {"key": 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{"key": "amounts-determined", "type": "clause", "offset": [1304, 1322]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1337, 1352]}, {"key": "payment-recipient", "type": "definition", "offset": [1405, 1422]}, {"key": "in-the-case-of-an", "type": "clause", "offset": [1424, 1441]}, {"key": "closing-payment", "type": "clause", "offset": [1458, 1473]}, {"key": "section-303", "type": "definition", "offset": [1551, 1563]}, {"key": "final-adjustment", "type": "definition", "offset": [1573, 1589]}, {"key": "as-adjusted", "type": "definition", "offset": [1614, 1625]}, {"key": "final-purchase-price", "type": "definition", "offset": [1674, 1694]}, {"key": "delivery-of-the", "type": "clause", "offset": [1716, 1731]}, {"key": "determination-date", "type": "clause", "offset": [1770, 1788]}, {"key": "the-companies", "type": "definition", "offset": [1891, 1904]}, {"key": "of-purchaser", "type": "clause", "offset": [1909, 1921]}, {"key": "relating-to", "type": "definition", "offset": [1941, 1952]}, {"key": "cooperate-with", "type": "clause", "offset": [2067, 2081]}, {"key": "conduct-of", "type": "clause", "offset": [2107, 2117]}, {"key": "reasonable-access", "type": "clause", "offset": [2154, 2171]}, {"key": "available-personnel", "type": "clause", "offset": [2222, 2241]}, {"key": "to-the-extent", "type": "clause", "offset": [2242, 2255]}, {"key": "the-accountants", "type": "clause", "offset": [2292, 2307]}, {"key": "available-to", "type": "definition", "offset": [2406, 2418]}, {"key": "disclosure-procedures", "type": "clause", "offset": [2477, 2498]}, {"key": "access-to-work-papers", "type": "clause", "offset": [2576, 2597]}, {"key": "form-and-substance", "type": "clause", "offset": [2601, 2619]}, {"key": "within-thirty", "type": "clause", "offset": [2789, 2802]}, {"key": "in-writing", "type": "definition", "offset": [2901, 2911]}, {"key": "in-detail", "type": "clause", "offset": [2946, 2955]}, {"key": "by-parent", "type": "clause", "offset": [3070, 3079]}, {"key": "after-receipt-of", "type": "clause", "offset": [3104, 3120]}, {"key": "binding-and-conclusive", "type": "clause", "offset": [3165, 3187]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [3188, 3218]}, {"key": "the-dispute", "type": "clause", "offset": [3223, 3234]}, {"key": "purchaser-and-parent", "type": "clause", "offset": [3262, 3282]}, {"key": "use-commercially-reasonable-efforts", "type": "clause", "offset": [3289, 3324]}, {"key": "period-of", "type": "clause", "offset": [3331, 3340]}, {"key": "business-days", "type": "definition", "offset": [3350, 3363]}, {"key": "attempt-to-resolve", "type": "definition", "offset": [3434, 3452]}, {"key": "with-respect-to", "type": "clause", "offset": [3471, 3486]}, {"key": "final-net-working-capital", "type": "clause", "offset": [3632, 3657]}, {"key": "agreed-by", "type": "clause", "offset": [3782, 3791]}, {"key": "at-the-end-of", "type": "clause", "offset": [3813, 3826]}, {"key": "business-day-period", "type": "clause", "offset": [3841, 3860]}, {"key": "mutually-agreed", "type": "definition", "offset": [3908, 3923]}, {"key": "parties-are", "type": "clause", "offset": [3930, 3941]}, {"key": "in-respect-of", "type": "clause", "offset": [3984, 3997]}, {"key": "the-parties-shall", "type": "clause", "offset": [4030, 4047]}, {"key": "the-auditor", "type": "clause", "offset": [4068, 4079]}, {"key": "disputed-amounts", "type": "definition", "offset": [4279, 4295]}, {"key": "the-standards", "type": "definition", "offset": [4370, 4383]}, {"key": "in-this-agreement", "type": "definition", "offset": [4394, 4411]}, {"key": "disputed-item", "type": "clause", "offset": [4700, 4713]}, {"key": "contained-in", "type": "definition", "offset": [4724, 4736]}, {"key": "definitions-and-principles", "type": "clause", "offset": [4794, 4820]}, {"key": "disputed-matter", "type": "definition", "offset": [4890, 4905]}, {"key": "such-determination", "type": "definition", "offset": [4907, 4925]}, {"key": "the-position", "type": "clause", "offset": [4953, 4965]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [5202, 5228]}, {"key": "in-dispute", "type": "definition", "offset": [5347, 5357]}, {"key": "as-indicated", "type": "definition", "offset": [5358, 5370]}, {"key": "a-dispute-notice", "type": "clause", "offset": [5374, 5390]}, {"key": "own-expenses", "type": "clause", "offset": [5430, 5442]}, {"key": "review-of-the", "type": "clause", "offset": [5466, 5479]}, {"key": "estimated-closing-statement", "type": "clause", "offset": [5480, 5507]}, {"key": "expenses-of-the", "type": "clause", "offset": [5562, 5577]}, {"key": "the-review", "type": "clause", "offset": [5641, 5651]}, {"key": "of-parent-and-purchaser", "type": "clause", "offset": [5673, 5696]}, {"key": "respective-affiliates", "type": "definition", "offset": [5724, 5745]}, {"key": "other-representatives", "type": "definition", "offset": [5855, 5876]}, {"key": "make-available", "type": "definition", "offset": [5886, 5900]}, {"key": "such-information", "type": "definition", "offset": [5952, 5968]}, {"key": "books-and-records", "type": "clause", "offset": [5970, 5987]}, {"key": "requested-by", "type": "clause", "offset": [6026, 6038]}, {"key": "determination-of-the", "type": "clause", "offset": [6413, 6433]}, {"key": "manifest-error", "type": "definition", "offset": [6612, 6626]}, {"key": "all-items", "type": "definition", "offset": [6699, 6708]}, {"key": "finally-determined", "type": "definition", "offset": [6766, 6784]}, {"key": "in-the-event-the", "type": "clause", "offset": [6882, 6898]}, {"key": "accounting-firm", "type": "definition", "offset": [7009, 7024]}, {"key": "material-relationship", "type": "clause", "offset": [7035, 7056]}, {"key": "disputes-regarding", "type": "clause", "offset": [7141, 7159]}, {"key": "according-to", "type": "definition", "offset": [7188, 7200]}, {"key": "an-additional", "type": "clause", "offset": [7336, 7349]}, {"key": "select-one", "type": "clause", "offset": [7397, 7407]}, {"key": "the-firm", "type": "clause", "offset": [7576, 7584]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [7657, 7676]}, {"key": "estimated-adjustment", "type": "definition", "offset": [7741, 7761]}, {"key": "equal-to", "type": "definition", "offset": [7864, 7872]}, {"key": "transfer-of", "type": "definition", "offset": [7896, 7907]}, {"key": "immediately-available-funds", "type": "clause", "offset": [7908, 7935]}, {"key": "adjustment-to", "type": "clause", "offset": [8372, 8385]}, {"key": "the-process", "type": "clause", "offset": [8441, 8452]}, {"key": "sole-and-exclusive-remedy", "type": "clause", "offset": [8497, 8522]}, {"key": "of-the-parties", "type": "clause", "offset": [8530, 8544]}, {"key": "related-to", "type": "clause", "offset": [8594, 8604]}, {"key": "statements-and-notices", "type": "clause", "offset": [8740, 8762]}, {"key": "in-connection", "type": "definition", "offset": [8773, 8786]}, {"key": "underlying-facts", "type": "clause", "offset": [8817, 8833]}, {"key": "breach-of-any", "type": "clause", "offset": [8865, 8878]}, {"key": "representations-or-warranties", "type": "clause", "offset": [8879, 8908]}], "samples": [{"hash": "gpW2yaum3o7", "uri": "/contracts/gpW2yaum3o7#final-adjustments", "label": "Membership Interest Purchase Agreement (Boyd Gaming Corp)", "score": 28.9671459198, "published": true}, {"hash": "cNZGfTUCYgc", "uri": "/contracts/cNZGfTUCYgc#final-adjustments", "label": "Membership Interest Purchase Agreement (Penn National Gaming Inc)", "score": 28.9671459198, "published": true}], "snippet": "(a) Not more than sixty (60) days after the Closing Date, Purchaser shall prepare and deliver to Parent a written statement (the \u201cFinal Closing Statement\u201d) of (i) the Final Closing Net Working Capital, including the resulting Final Closing Net Working Capital Overage (if any) or Final Closing Net Working Capital Shortage (if any), (ii) the Final Closing Indebtedness, (iii) the Final Transaction Expenses and (iv) the Final Closing Cash, and including a reasonably detailed calculation of the various amounts of each component of Final Closing Net Working Capital, including the resulting Final Closing Net Working Capital Overage (if any) or Final Closing Net Working Capital Shortage (if any), the Final Closing Indebtedness, the Final Transaction Expenses and the Final Closing Cash. The Final Closing Statement shall be prepared in good faith in accordance with GAAP and on a basis consistent with the calculation of Net Working Capital set forth in Exhibit B. Calculations, estimates, amounts and other information used by Purchaser to prepare the Final Closing Statement shall not reflect or take into account developments between the Closing Date and the date of preparation or completion of the Final Closing Statement except for any conditions that existed prior to the Closing Date. Any such amounts determined to be payable pursuant to the Final Closing Statement shall be paid to either the Payment Recipient (in the case of an increase to the Closing Payment) or Purchaser (in the case of a decrease to the Closing Payment) pursuant to Section 3.03(e) (the \u201cFinal Adjustment\u201d). The Closing Payment, as adjusted by the Final Adjustment, is referred to as the \u201cFinal Purchase Price\u201d. From and after the delivery of the Final Closing Statement and until the Determination Date: (x) Parent and its representatives will be permitted to review the books, records and work papers of the Companies and of Purchaser and its Affiliates relating to the Final Closing Statement; and (y) \u2587\u2587\u2587\u2587 will, and will cause the Companies and their respective accountants to, cooperate with and assist Parent in the conduct of such review, including by providing reasonable access to such books, records and work papers and making available personnel to the extent reasonably required; provided, that the accountants of the Companies and of Purchaser and its Affiliates shall not be obliged to make any work papers available to Parent except in accordance with such accountants\u2019 normal disclosure procedures and then only after Parent has signed a customary agreement relating to such access to work papers in form and substance reasonably acceptable to such accountants.\n(b) If Parent disagrees in whole or in part with the calculation of any amounts on the Final Closing Statement, Parent shall, within thirty (30) days after its receipt of the Final Closing Statement, notify Purchaser of such disagreement in writing (\u201cDispute Notice\u201d), setting forth in detail the particulars of such disagreement. Any items or amounts on the Final Closing Statement not disputed in writing by Parent within thirty (30) days after receipt of the Final Closing Statement shall be final, binding and conclusive for purposes of this Agreement. If the Dispute Notice is timely provided, Purchaser and Parent shall use commercially reasonable efforts for a period of ten (10) Business Days (or such longer period as they may mutually agree) to, in good faith, attempt to resolve any disagreements with respect to the calculation of any amounts set forth in the Dispute Notice. If the parties resolve their differences over any disagreed item or amount, then Final Net Working Capital, Final Closing Indebtedness, Final Transaction Expenses and/or Final Closing Cash (as the case may be) shall be the amounts agreed by them in writing. If, at the end of such ten (10) Business Day period (or such longer period as the parties may have mutually agreed), the parties are unable to fully resolve the disagreements in respect of any disagreed items or amounts, the parties shall refer the matter to the Auditor to resolve any remaining disagreements. The Auditor shall be instructed to (i) consider only such matters as to which there is a disagreement, (ii) determine, as promptly as practicable, whether the disputed amounts set forth in the Final Closing Statement were prepared in accordance with the standards set forth in this Agreement, and (iii) deliver, as promptly as practicable, but in any event within forty-five (45) days of the end of such ten (10) Business Day period (or such longer period as the parties may have mutually agreed), to Parent and Purchaser its determination in writing.\n(c) The resolution for each disputed item or amount contained in the Auditor\u2019s determination shall be made subject to the definitions and principles set forth in this Agreement; provided, however, with respect to each disputed matter, such determination, if not in accordance with the position of either Purchaser and Parent, shall not be in excess of the higher, or less than the lower, of the amounts advocated by Parent in the Dispute Notice or by Purchaser in the Final Closing Statement with respect to such disputed matter. For the avoidance of doubt, the Auditor shall not review or make any determination with respect to any matter other than the matters that remain in dispute as indicated in a Dispute Notice. Parent and Purchaser shall bear their own expenses in the preparation and review of the Estimated Closing Statement and Final Closing Statement, except that the fees and expenses of the Auditor shall be borne equally by Parent and Purchaser. During the review by the Auditor, each of Parent and Purchaser shall, and shall cause its respective Affiliates (including, in the case of Purchaser, the Companies) and its and their respective employees, accountants and other Representatives to, each make available to the Auditor interviews with such personnel, and such information, books and records and work papers, as may be reasonably requested by the Auditor to fulfill its obligations under this Section 3.03(c); provided, that the accountants of Parent or Purchaser shall not be obliged to make any work papers available to the Auditor except in accordance with such accountants\u2019 normal disclosure procedures and then only after such Auditor has signed a customary agreement relating to such access to work papers. The determination of the Auditor shall be final, binding and conclusive for purposes of this Agreement and not subject to any further recourse by Purchaser, Parent or their respective Affiliates, absent manifest error or fraud by Purchaser, Parent, Seller or the Auditor. The date on which all items and amounts set forth on the Final Closing Statement are finally determined in accordance with this Section 3.03 is hereinafter referred to as the \u201cDetermination Date.\u201d\n(d) In the event the Auditor refuses engagement under this Section 3.03, Purchaser and Parent shall mutually agree on an Alternate Accounting Firm having no material relationship with the Companies, Purchaser, Parent or their respective Affiliates to resolve any disputes regarding the Final Closing Statement according to Section 3.03(c). If within thirty (30) days, Purchaser and Parent fail to mutually agree on an Alternate Accounting Firm, then, within an additional ten (10) days, Parent and Purchaser shall each select one such firm and those two firms shall, within ten (10) Business Days after their selection, select a third (3rd) such firm who will act as the Alternate Accounting Firm. The firm selected in accordance with this Section 3.03(d) shall be the \u201cAuditor\u201d for the purposes of this Section 3.03.\n(e) If the Final Adjustment is less than the Estimated Adjustment, then within two (2) Business Days after the Determination Date, Parent shall pay Purchaser an amount equal to such shortfall by wire transfer of immediately available funds to an account designated in writing by Purchaser. If the Final Adjustment is greater than the Estimated Adjustment, then within two (2) Business Days after the Determination Date, Purchaser shall pay Parent an amount equal to such excess by wire transfer of immediately available funds to an account designated in writing by Parent. If there is no difference between the Final Adjustment and Estimated Adjustment, then there will be no adjustment to the Closing Payment pursuant to this Section 3.03.\n(f) The process set forth in this Section 3.03 shall be the sole and exclusive remedy of any of the parties and their respective Affiliates for any disputes related to the Final Closing Statement, the Final Adjustment and the calculations and amounts on which they are based or set forth in the related statements and notices delivered in connection therewith, whether or not the underlying facts and circumstances constitute a breach of any representations or warranties contained in this Agreement.", "size": 10, "hash": "55eeeae55b4fde749ce64c4ff654d21d", "id": 4}, {"snippet_links": [{"key": "receipt-of", "type": "clause", "offset": [14, 24]}, {"key": "final-claim", "type": "definition", "offset": [29, 40]}, {"key": "the-final-payment", "type": "clause", "offset": [61, 78]}, {"key": "the-parties-will", "type": "clause", "offset": [80, 96]}, {"key": "final-reconciliation", "type": "definition", "offset": [117, 137]}, {"key": "in-respect-of", "type": "clause", "offset": [165, 178]}, {"key": "the-project", "type": "clause", "offset": [179, 190]}], "samples": [{"hash": "lhqXtBFwiGO", "uri": "/contracts/lhqXtBFwiGO#final-adjustments", "label": "Disaster Mitigation and Adaptation Fund Agreement", "score": 34.8522262573, "published": true}, {"hash": "S1LpNrVEvc", "uri": "/contracts/S1LpNrVEvc#final-adjustments", "label": "Contribution Agreement", "score": 33.2606697083, "published": true}, {"hash": "27dxb4zw7tH", "uri": "/contracts/27dxb4zw7tH#final-adjustments", "label": "Disaster Mitigation Agreement", "score": 32.1328735352, "published": true}], "snippet": "Upon Canada\u2019s receipt of the final claim, but before issuing the final payment, the Parties will jointly carry out a final reconciliation of all claims and payments in respect of the Project and make any adjustments required in the circumstances.", "size": 6, "hash": "66d157373d70829b1ba9f5f5d6b145f0", "id": 5}, {"snippet_links": [{"key": "upon-receipt-of", "type": "definition", "offset": [0, 15]}, {"key": "final-claim", "type": "definition", "offset": [20, 31]}, {"key": "payment-for-the-project", "type": "clause", "offset": [78, 101]}, {"key": "the-parties-will", "type": "clause", "offset": [103, 119]}, {"key": "final-reconciliation", "type": "definition", "offset": [140, 160]}, {"key": "in-respect-of", "type": "clause", "offset": [188, 201]}], "samples": [{"hash": "5ypdCo1IaZX", "uri": "/contracts/5ypdCo1IaZX#final-adjustments", "label": "Icip Contribution Agreement", "score": 33.1922340393, "published": true}, {"hash": "4JInou7WA9n", "uri": "/contracts/4JInou7WA9n#final-adjustments", "label": "Icip Contribution Agreement", "score": 33.1675987244, "published": true}, {"hash": "39mNuUof6pd", "uri": "/contracts/39mNuUof6pd#final-adjustments", "label": "Ptif Contribution Agreements", "score": 29.5241622925, "published": true}], "snippet": "Upon receipt of the final claim for the Project, but before issuing the final payment for the Project, the Parties will jointly carry out a final reconciliation of all claims and payments in respect of the Project and make any adjustments required in the circumstances.", "size": 6, "hash": "d43fe53e91d2305b26c28bfceefddb3c", "id": 6}, {"snippet_links": [{"key": "expiry-date", "type": "definition", "offset": [10, 21]}, {"key": "subject-to-clause-18", "type": "clause", "offset": [26, 46]}, {"key": "due-and-owing", "type": "definition", "offset": [59, 72]}, {"key": "by-either-party", "type": "clause", "offset": [73, 88]}, {"key": "adjustments-to-payments", "type": "clause", "offset": [136, 159]}, {"key": "refunds-due", "type": "clause", "offset": [205, 216]}, {"key": "days-after", "type": "definition", "offset": [241, 251]}, {"key": "date-of", "type": "clause", "offset": [256, 263]}], "samples": [{"hash": "3cmNbn0a6Tc", "uri": "/contracts/3cmNbn0a6Tc#final-adjustments", "label": "Gas Storage Capacity Agreement", "score": 24.7940616608, "published": true}, {"hash": "awWSvMrH55D", "uri": "/contracts/awWSvMrH55D#final-adjustments", "label": "Gas Storage Capacity Agreement", "score": 24.789855957, "published": true}, {"hash": "jIY7mPR21Xv", "uri": "/contracts/jIY7mPR21Xv#final-adjustments", "label": "Gas Storage Agreement", "score": 21.472278595, "published": true}], "snippet": "Upon each Expiry Date and subject to clause 18, any monies due and owing by either Party to the other shall be paid, any corrections or adjustments to payments previously made shall be determined, and any refunds due shall be made within 60 days after the date of such expiry.", "size": 5, "hash": "57265b0550fa5e3b35c80a2fb6f808dd", "id": 7}, {"snippet_links": [{"key": "the-recipient", "type": "clause", "offset": [6, 19]}, {"key": "final-report", "type": "definition", "offset": [38, 50]}, {"key": "expiry-date", "type": "definition", "offset": [66, 77]}, {"key": "the-parties-will", "type": "clause", "offset": [79, 95]}, {"key": "final-reconciliation", "type": "definition", "offset": [116, 136]}, {"key": "in-respect-of", "type": "clause", "offset": [150, 163]}, {"key": "the-project", "type": "clause", "offset": [164, 175]}, {"key": "policy-branch", "type": "definition", "offset": [251, 264]}, {"key": "ministry-of-transportation", "type": "clause", "offset": [273, 299]}, {"key": "senior-financial-officer", "type": "definition", "offset": [477, 501]}, {"key": "number-of", "type": "definition", "offset": [632, 641]}, {"key": "facsimile-number", "type": "definition", "offset": [712, 728]}, {"key": "email-address", "type": "definition", "offset": [798, 811]}, {"key": "in-the-matter-of", "type": "clause", "offset": [863, 879]}, {"key": "transfer-payment-agreement", "type": "definition", "offset": [934, 960]}, {"key": "entered-into", "type": "clause", "offset": [961, 973]}, {"key": "her-majesty-the-queen-in-right-of", "type": "clause", "offset": [982, 1015]}, {"key": "represented-by", "type": "clause", "offset": [1025, 1039]}, {"key": "the-minister", "type": "clause", "offset": [1040, 1052]}, {"key": "province-of-ontario", "type": "clause", "offset": [1079, 1098]}, {"key": "legal-name", "type": "definition", "offset": [1119, 1129]}, {"key": "the-municipality", "type": "definition", "offset": [1133, 1149]}], "samples": [{"hash": "c5JbLtwRVC3", "uri": "/contracts/c5JbLtwRVC3#final-adjustments", "label": "Transfer Payment Agreement", "score": 29.1135578156, "published": true}, {"hash": "j46jZOfAjt8", "uri": "/contracts/j46jZOfAjt8#final-adjustments", "label": "Transfer Payment Agreement", "score": 25.0821361542, "published": true}, {"hash": "ibcArDYgd7x", "uri": "/contracts/ibcArDYgd7x#final-adjustments", "label": "Transfer Payment Agreement", "score": 25.0314846039, "published": true}], "snippet": "After the Recipient has submitted its Final Report and before the Expiry Date, the Parties will jointly carry out a final reconciliation of all Funds in respect of the Project and make any adjustments required in the circumstances. TO: Transportation Policy Branch Ontario Ministry of Transportation \u2587\u2587\u2587 \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587 \u2587\u2587\u2587 \u2587\u2587\u2587 Telephone: \u2587-\u2587\u2587\u2587-\u2587\u2587\u2587-\u2587\u2587\u2587\u2587 Facsimile: (\u2587\u2587\u2587) \u2587\u2587\u2587-\u2587\u2587\u2587\u2587 E-mail: \u2587\u2587\u2587\u2587\u2587\u2587\u2587@\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587 FROM: Name/Title: [Enter the name and title of the Senior Financial Officer of the Recipient.] Address: [Enter the address of the Senior Financial Officer of the Recipient.] Telephone: [Enter the telephone number of the Senior Financial Officer of the Recipient.] Facsimile: [Enter the facsimile number of the Senior Financial Officer of the Recipient.] Email: [Enter the email address of the Senior Financial Officer of the Recipient.] In the matter of the Ontario Municipal Commuter Cycling (OMCC) Program Transfer Payment Agreement entered into between Her Majesty the Queen in right of Ontario, represented by the Minister of Transportation for the Province of Ontario, and the [Enter the legal name of the municipality.] (the \u201cRecipient\u201d), on , (the \u201cAgreement\u201d).", "size": 3, "hash": "04f93450ea856684d8c995fa96440407", "id": 8}, {"snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "assets-or-liabilities", "type": "clause", "offset": [29, 50]}, {"key": "permitted-liabilities", "type": "definition", "offset": [62, 83]}, {"key": "pro-forma-closing-balance-sheet", "type": "definition", "offset": [120, 151]}, {"key": "at-the-closing", "type": "clause", "offset": [194, 208]}, {"key": "adjustment-to-the-purchase-price", "type": "clause", "offset": [421, 453]}, {"key": "net-amount-due", "type": "definition", "offset": [534, 548]}, {"key": "the-stockholder", "type": "clause", "offset": [572, 587]}, {"key": "other-party", "type": "definition", "offset": [614, 625]}, {"key": "the-party", "type": "clause", "offset": [672, 681]}, {"key": "payment-is-due", "type": "clause", "offset": [695, 709]}], "samples": [{"hash": "7yNPzG5UYEp", "uri": "/contracts/7yNPzG5UYEp#final-adjustments", "label": "Stock Purchase Agreement (Digital Angel Corp)", "score": 21.0, "published": true}, {"hash": "3TnlVSU4j9u", "uri": "/contracts/3TnlVSU4j9u#final-adjustments", "label": "Stock Purchase Agreement (Applied Digital Solutions Inc)", "score": 21.0, "published": true}], "snippet": "To the extent that there are assets or liabilities other than Permitted Liabilities, which were not (i) included in the Pro Forma Closing Balance Sheet, or (ii) reflected in any adjustment made at the Closing to the Purchase Price, but which are included in the Closing Balance Sheet or discovered subsequent thereto, and which would, if they had been included in the Pro Forma Closing Balance Sheet, have resulted in an adjustment to the Purchase Price, the amount thereof shall be deemed an adjustment to the Purchase Price and the net amount due, whether from Buyer or the Stockholder, shall be remitted to the other party within five (5) days of request therefor from the party to whom such payment is due.", "size": 3, "hash": "2cd0c974471f82a07bf123d7b836ab07", "id": 9}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [18, 26]}], "samples": [{"hash": "2c4NORzvuiL", "uri": "/contracts/2c4NORzvuiL#final-adjustments", "label": "Supplemental Agreement to the Franchise Agreement", "score": 30.6839466095, "published": true}, {"hash": "XPY4AFklJB", "uri": "/contracts/XPY4AFklJB#final-adjustments", "label": "Supplemental Agreement to the Franchise Agreement", "score": 25.3429164886, "published": true}], "snippet": "7.1 FADJ shall be equal to the following: FADJ for the EMA = (TotalAC \u2013 TotalAR) + TotalACAP \u2013 (TotalPFP + TotalPBCP) - TotalPADJ", "size": 3, "hash": "22ab74a56b741d30dd386eaf41d29663", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpmaW5hbC1hZGp1c3RtZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Final Adjustments", "parents": [["credits-and-prorations", "Credits and Prorations"], ["closing", "CLOSING"], ["closing-termination-and-final-adjustments", "Closing Termination and Final Adjustments"], ["claims-and-payments", "Claims and Payments"], ["effective-date-and-duration", "Effective Date and Duration"]], "children": [["extent-of-relief", "Extent of Relief"], ["notification-of-force-majeure", "Notification of Force Majeure"], ["", ""], ["right-of-assignment", "Right of Assignment"], ["successors-and-assigns", "Successors and Assigns"]], "size": 152, "id": "final-adjustments", "related": [["capital-adjustments", "Capital Adjustments", "Capital Adjustments"], ["annual-adjustments", "Annual Adjustments", "Annual Adjustments"], ["true-up-adjustments", "True-Up Adjustments", "True-Up Adjustments"], ["tax-adjustments", "Tax Adjustments", "Tax Adjustments"], ["closing-adjustments", "Closing Adjustments", "Closing Adjustments"]], "related_snippets": [], "updated": "2026-03-04T04:25:59+00:00", "also_ask": ["What negotiation leverage does the Final Adjustments clause provide to each party?", "Which essential elements must be included to ensure clarity and enforceability?", "What are the most common risks or loopholes in Final Adjustments provisions?", "How do Final Adjustments clauses differ across jurisdictions or industry standards?", "What factors do courts consider when determining the validity of a Final Adjustments clause?"], "drafting_tip": "Specify adjustment criteria, set clear timelines, and define dispute resolution methods to ensure transparency, timely resolution, and minimize conflicts.", "explanation": "The \"Final Adjustments\" clause outlines the process for making any necessary corrections or reconciliations to payments, deliverables, or obligations at the conclusion of a contract or project. Typically, this clause specifies how parties will review accounts, address discrepancies, and settle outstanding amounts, such as overpayments, underpayments, or unfulfilled services. Its core function is to ensure that all contractual obligations are accurately fulfilled and that neither party is left with unresolved financial or performance issues at the end of the agreement."}, "json": true, "cursor": ""}}