Officer’s Statement definition
Examples of Officer’s Statement in a sentence
At the time of delivery of any Parent Officer’s Statement to the Escrow Agent, a duplicate copy of such certificate shall be delivered to the Stockholder Representative, and for a period of forty (40) calendar days after such delivery, the Escrow Agent shall make no delivery to Parent of any amounts in any Escrow Fund pursuant to this Section 8.3(e)(i) unless the Escrow Agent shall have received written authorization from the Stockholder Representative to make such delivery.
In case the Stockholder Representative shall object in writing to any claim or claims made in any Parent Officer’s Statement, the Stockholder Representative and Parent shall attempt in good faith to agree upon the rights of the respective parties with respect to each of such claims.
After the expiration of such 40-day period, the Escrow Agent shall make delivery of a cash amount from the applicable Escrow Fund in accordance with this Section 8.3(e)(i); provided, however, that no such payment or delivery may be made if the Stockholder Representative shall object in a written statement to the claim 51 made in the Parent Officer’s Statement, and such statement shall have been delivered to the Escrow Agent prior to the expiration of such 40-day period.
The decision shall be rendered by the Independent Hearing Officer within sixty (60) days of receipt of the Executive Officer’s Statement of Position, or the Members’ Reply, whichever is later, and the decision shall be binding upon the Members, subject only to the right of the Members to seek administrative and judicial review of the administrative decision pursuant to Sections 16(d) and 16(e).
After the expiration of such 40-day period, the Escrow Agent shall make delivery of a cash amount from the applicable Escrow Fund in accordance with this Section 8.3(e)(i); provided, however, that no such payment or delivery may be made if the Stockholder Representative shall object in a written statement to the claim made in the Parent Officer’s Statement, and such statement shall have been delivered to the Escrow Agent prior to the expiration of such 40-day period.
Moneys due in excess of the Contract Sum and any Contingency amount assigned thereto shall require an additional and separate Fiscal Officer’s Statement of Availability which shall not be given unless the Contract adjustment is directly attributable to one of the express methods for increasing the Contract Sum under the Contract Documents; and, such process is completed in the manner required by the Contract Documents.