REPORTING ACCURACY Clause Samples
The Reporting Accuracy clause requires parties to ensure that all information and data they provide under the agreement is complete, truthful, and correct. In practice, this means that any reports, statements, or disclosures made—such as financial reports, progress updates, or compliance certifications—must be free from errors or misrepresentations. This clause serves to maintain trust and transparency between parties, reducing the risk of disputes or misunderstandings caused by inaccurate or misleading information.
REPORTING ACCURACY. All financial settlements, billings and reports rendered to Apache by Newfield and all bills giv▇▇ ▇▇ ▇▇wfield by Apache pursuant to this Agreement and/or any amendments, shall reflect properly the facts about all activities and transactions. Each Party agrees to notify the other Party promptly upon discovery of any instance where it has reason to believe data supplied is no longer accurate or complete. Newfield Exploration Company February 28, 2007 Page 12 of 20 XIV. AUDIT RIGHTS ------------ Apache, upon written notice to Newfield, shall have the right, for a period of twenty-four (24) months from the end of the calendar year in which a payout statement or ORRI disbursement is or should have been received, to audit Newfield's records of all proceeds, operating expenses and any other data or information attributable to such payout statement, ORRI disbursement and the rights of Apache pursuant to this Agreement.
REPORTING ACCURACY. All financial settlements, billings and reports rendered to Farmor by Farmee and all bills give▇ ▇▇ ▇▇▇mee by Farmor pursuant to this Agreement and/or any amendments, shall reflect properly the facts about all activities and transactions. Each Party agrees to notify the other Party promptly upon discovery of any instance where it has reason to believe data supplied is no longer accurate or complete.
REPORTING ACCURACY. All financial settlements, billings and reports rendered to Farmors by Newfield and all bills g▇▇▇▇ ▇▇ Newfield by Farmors pursuant to this Agreement and/or any amendments, shall reflect properly the facts about all activities and transactions. Each Party agrees to notify the other Party promptly upon discovery of any instance where it has reason to believe data supplied is no longer accurate or complete.
REPORTING ACCURACY. No Information Package or other written (or electronic) information, exhibit, financial statement, document, book, record, certificate or report that has been furnished by or on behalf of any Seller Party to the Administrative Agent, any Purchaser Agent or any Purchaser in connection with this Agreement or any other Transaction Document, taken individually or as a whole, fails to be true and correct in any material respect, contains any material misstatement of fact, or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, such representation is only that such information was prepared in good faith based upon assumptions (which have been disclosed if material) believed to be reasonable at the time of preparation and, if applicable, in accordance with assumptions and requirements of GAAP for pro forma presentation.