Reconciliation Agreement Clause Samples
A Reconciliation Agreement is a contractual provision that outlines the process by which parties review and resolve discrepancies in financial records, payments, or obligations. Typically, this clause sets forth the procedures for comparing statements, identifying inconsistencies, and agreeing on adjustments, often within a specified timeframe. For example, it may require both parties to exchange transaction records monthly and jointly confirm the correct balances. The core function of this clause is to ensure accuracy and transparency in financial dealings, thereby preventing disputes and maintaining trust between the parties.
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Reconciliation Agreement. Parent, Escrow Agent and the Stockholder Representative shall have entered into the Reconciliation Agreement.
Reconciliation Agreement. The Parties acknowledge that:
a. as contemplated by section 3.1 f) of the Reconciliation Agreement, a purpose of this Agreement is to create an efficient, effective and meaningful approach to government-to-government engagement and consultation associated with development impacting Kitselas Territory that may impact Kitselas’ Aboriginal Interests that:
i. facilitates the fulfillment of British Columbia’s legal obligations to consult, and where appropriate, accommodate Kitselas;
ii. is systematic, transparent and adaptable to the needs of the Parties;
iii. optimizes the use of the Parties’ engagement resources;
iv. integrates and functions consistently with other agreements between the Parties; and
v. fosters the efficient and effective implementation of the Parties’ shared decision making obligations;
b. this Agreement is the “consultation agreement” contemplated by section 4.7 of the Reconciliation Agreement;
c. this Agreement will be appended to the Reconciliation Agreement as a “Subsequent Agreement” within the meaning of the Reconciliation Agreement;
d. for certainty, nothing in this Agreement is intended to define, limit, enlarge, or modify any obligation that either Party has under the Reconciliation Agreement; and
e. if the Reconciliation Agreement terminates, the Parties will, within 30 days of the termination, meet to consider any required amendments to this Agreement.
Reconciliation Agreement. The parties to that certain Reconciliation Agreement in the form of Exhibit F attached hereto (the "Reconciliation Agreement"), shall have executed and delivered it to one another.
Reconciliation Agreement. The parties to the Reconciliation Agreement shall have executed and delivered it to one another.
Reconciliation Agreement. 19- ARTICLE VIII POST-CLOSING COVENANTS OF THE CORPORATION....................................................-19- 8.1 Rights to Purchase Additional Stock..........................................................-19- 8.2 Right of First Refusal.......................................................................-20- 8.3 Board Representation.........................................................................-21- 8.4 Sales Agreements.............................................................................-22- 8.5 No Issuance of Class B Stock.................................................................-22- 8.6 Carry Out of Business Plan Supplement........................................................-22- -iii- 4 ARTICLE IX TERMINATION..................................................................................-22- 9.1 Termination..................................................................................-22- 9.2 Effect of Termination........................................................................-22- ARTICLE X INDEMNIFICATION..............................................................................-23- 10.1 Basis of Indemnity...........................................................................-23- 10.2 Procedures for Indemnification...............................................................-23- 10.3 Payment of Indemnity.........................................................................-25- 10.4 Limitation...................................................................................-25- ARTICLE XI MISCELLANEOUS................................................................................-25-
Reconciliation Agreement. 18- 6.13 Option Agreement.............................................................................-18- ARTICLE VII CONDITIONS PRECEDENT TO OBLIGATIONS OF THE CORPORATION..................................................................................-18-