AAR Report definition

AAR Report means, with respect to a calendar quarter, a written report prepared by the Purchaser Parties setting forth the amount of Asset Adequacy Reserve as of the last day of such calendar quarter.
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Examples of AAR Report in a sentence

  • Subject to the Purchaser Parties' satisfaction of its obligations in the following sentence, Seller shall have fifteen (15) days from the date on which each such AAR Report is delivered to Seller to review such AAR Report (it being agreed that if the Purchaser Parties fail to comply with such obligations, such fifteen (15)-day period shall be tolled for the number of days that the Purchaser Parties withhold access to Seller) (the “AAR Review Period”).

  • In the event that Seller disputes an AAR Report in good faith, Seller shall provide written notice of such dispute on or prior to the last day of the AAR Review Period, which notice shall state in reasonable detail the basis for such dispute and the amount of the Asset Adequacy Reserve, if any, required to be recorded as calculated by Seller as of the end of such quarter (any such notice, an “AAR Dispute Notice”).

  • The Purchaser Parties shall cause the Acquired Companies to, upon request, provide Seller with reasonable assistance in reviewing each AAR Report, including by providing Seller and Seller's representatives with access to such information (including the Books and Records) and personnel and representatives of the Acquired Companies as Seller may reasonably request in connection with its review of each AAR Report.