Common use of Final Calculation Clause in Contracts

Final Calculation. 1. The Trustee shall make final calculations concerning the Trust when it has completed the trust administrationas set forth in Article 53 hereof and prepare reports on the Trust Assets for the final Calculation Period and obtain approval of calculation by notifying in writing to the Beneficiaries, Etc. 2. Unless the Beneficiaries, Etc. have stated any objection within one (1) month from the time when they received a notice mentioned in the preceding Paragraph of this Article from the Trustee, the relevant Beneficiaries, Etc. shall be deemed to have approved the calculations mentioned in the said Paragraph.

Final Calculation. 1. The Trustee shall make final calculations concerning the Trust when it has completed the trust administrationas administration as set forth in Article 53 hereof and prepare reports on the Trust Assets for the final Calculation Period and obtain approval of calculation by notifying in writing to the Beneficiaries, Etc. 2. Unless the Beneficiaries, Etc. have stated any objection within one (1) month from the time when they received a notice mentioned in the preceding Paragraph of this Article from the Trustee, the relevant Beneficiaries, Etc. shall be deemed to have approved the calculations mentioned in the said Paragraph.