Examples of Estimated Completion Statement in a sentence
The Estimated Completion Statement has been prepared in good faith and in accordance with the accounting principles and policies set out in Part C to Schedule 6.
The parties shall co-operate in facilitating the computation and review of the Estimated Completion Statement and the Seller shall procure such access for the Buyer and its representatives to the Seller's and each Seller's Group Company's books, records and employees as the Buyer may reasonably request for such task.
If the Assigned Revenue Percentage as set out in the Estimated Completion Statement is less than 80%, the Seller and the Purchaser shall promptly execute the Escrow Agreement and take all actions necessary to establish a $ interest bearing escrow account with the Escrow Agent (the account as designated by the Escrow Agent in writing being the Escrow Account).
The Buyer may, within ten (10) Business Days of receipt of the Estimated Completion Statement, request any reasonable amendments to the Estimated Completion Statement and the Seller shall use its reasonable endeavours to agree such changes.
Subject to any such changes which the Seller may agree, the Seller's determination of the Estimated Completion Statement shall be final and binding on the parties.
No less than fifteen (15) days before the Completion Date, the Seller shall furnish the Buyer with a statement that shows the Estimated Inventory Value and the Estimated Accounts Receivable from the Sale of Inventory to Customers Value based on the calculations and balance sheet positions for the month end immediately preceding the Completion Date or, in the event that the Completion Date falls on or before the fifteenth (15) day of the month, the prior month end (the " Estimated Completion Statement").
The Sellers shall give the Purchasers the opportunity to review the Estimated Completion Statement and shall discuss any items therein with which the Purchasers may disagree but for the avoidance of doubt the Purchasers shall not have the right to agree or otherwise refuse to accept the Estimated Completion Statement provided to it hereunder.
Between ten (10) Business days and five (5) Business Days prior to Completion, the Sellers’ Representative shall deliver to the Purchaser the Estimated Completion Statement.
Contracting Parties shall be responsible for the enforcement of paragraph 2 at least in respect of:- vessels flying their flag, and- in the case of Contracting Partieϵ bordering SOx Emission Control Areas, vessels of all flags while in their ports.Contracting Partieϵ may also take additional enforcement action in respect of other vessels in accordance with international maritime law.
The Purchaser shall have the right to review and comment on the Estimated Completion Statement and the Seller shall in good faith reflect the Purchaser's reasonable comments in the Estimated Completion Statement.