Examples of Financial Report in a sentence
If there is a dispute regarding a Financial Report, the Purchaser’s copy of the relevant Financial Report shall be authoritative.
CEPI shall retain ten percent (10%) of the payment tranche in respect of the final 6 months’ of the term of the Project and release it within twenty (20) Business Days after approving Awardee’s final Technical Report and Financial Report for the final Work Package.
Payments may be adjusted by CEPI to reflect any underspend as well as any interest earned on unutilised funds as noted in the Financial Report.
Each Financial Report shall: be completed by the Service Provider using reasonable skill and care; incorporate and use the same defined terms as are used in this Contract; quote all monetary values in pounds sterling; quote all Costs as exclusive of any VAT; and quote all Costs and Charges based on current prices.
The Purchaser shall be entitled to modify the template for any Financial Report by giving written notice to the Service Provider, including a copy of the updated template.