Updated Statement definition
Examples of Updated Statement in a sentence
The BHP Billiton Parties will make available to Purchaser all information reasonably required for Purchaser to confirm the calculations in the Updated Statement of Effective Period Payment.
The Updated Statement of Effective Period Payment shall be prepared on the same basis as the Statement of Effective Period Payment and in the same format set out in Schedule 3.3(a), except that no updated calculation of working capital or estimate of current Taxes of BCDC accruing due shall be required.
Following the amendment of the Statement of Effective Period Payment or Updated Statement of Effective Period Payment, as applicable, references in this Agreement to the Statement of Effective Period Payment or Updated Statement of Effective Period Payment, as applicable, shall refer to the Statement of Effective Period Payment or Updated Statement of Effective Period Payment, as applicable, as so amended.
Purchaser shall provide, or cause to be provided, to the BHP Billiton Parties and their representatives full (but not exclusive) access to all relevant records reasonably required to prepare the Updated Statement of Effective Period Payment.
If Purchaser does not deliver an Objection Notice on or before the applicable Objection Date, then Purchaser shall be deemed to have accepted the Statement of Effective Period Payment or the Updated Statement of Effective Period Payment, as applicable.
After giving an Initial Statement the Contracting Party shall, within 5 Business Days of the end of each calendar month falling within the Step-In Decision Period, give the Collateral Agent an Updated Statement.