Common use of Statement and Payment Clause in Contracts

Statement and Payment. Combivisie (with such co-operation of UPC as Combivisie may reasonably require) will as soon as possible and in any event not later than 120 days after the Closing, draw up a statement of all amounts referred to in Article 6.2 as at the Closing. Without prejudice to the provisions of Article 6.4, Combivisie or UPC will pay the other Party an amount upon the Closing or as soon as possible thereafter that is equal to the balance specified in that statement.