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1. Parties: Identification of the group companies entering into the agreement
2. Background: Context of the group relationship and purpose of the settlement arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Scope: Description of transactions and activities covered by the settlement arrangement
5. Calculation Method: Detailed methodology for calculating settlement amounts
6. Payment Terms: Timing, currency, and method of settlement payments
7. Record Keeping: Requirements for maintaining documentation and records
8. Audit Rights: Rights to audit settlement calculations and supporting documentation
9. Term and Termination: Duration of the agreement and termination provisions
10. Confidentiality: Protection of confidential information exchanged
11. Governing Law and Jurisdiction: Specification of Dutch law application and jurisdiction
12. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, etc.
1. Tax Compliance: Specific provisions for tax compliance and reporting, required when settlement involves cross-border transactions
2. Transfer Pricing Compliance: Additional provisions ensuring compliance with transfer pricing regulations, needed for material intercompany transactions
3. Set-off Rights: Provisions allowing set-off of mutual debts, included when multiple types of transactions exist between parties
4. Bank Guarantees: Requirements for financial security, included for high-value settlements or higher-risk arrangements
5. Force Majeure: Provisions for handling extraordinary events, included when settlement involves operational dependencies
6. Step-in Rights: Rights for parent company to step in, included when involving subsidiary operations
7. Intellectual Property: IP-related provisions, needed when settlements involve IP-related transactions
1. Calculation Methodology: Detailed technical explanation of settlement calculations and formulas
2. Participating Group Companies: List of all group companies covered by the agreement, with corporate details
3. Settlement Categories: Categorization and description of different types of transactions covered
4. Service Level Requirements: Performance metrics and standards if settlement relates to service provision
5. Reporting Templates: Standard formats for settlement reporting and documentation
6. Bank Account Details: Banking information for all participating entities
7. Transfer Pricing Documentation: Required transfer pricing support and documentation
Affiliate
Business Day
Calculation Period
Confidential Information
Due Date
Effective Date
Force Majeure Event
Group
Group Company
Interest Rate
Intercompany Balance
Intercompany Transaction
Net Settlement Amount
Parent Company
Participating Entity
Payment Currency
Reference Rate
Settlement Account
Settlement Date
Settlement Period
Settlement Statement
Subsidiary
Supporting Documentation
Tax
Transfer Pricing Requirements
Working Capital
Settlement Currency
Governing Law
Settlement Method
Material Adverse Change
Relevant Jurisdiction
Settlement Category
Calculation Methodology
Reporting Period
Authorized Representative
Base Rate
Default Event
Dispute Resolution Procedure
Record Keeping Requirements
Recitals
Definitions
Scope
Term and Duration
Settlement Obligations
Payment Terms
Calculation Method
Currency
Set-off Rights
Record Keeping
Audit Rights
Tax Compliance
Transfer Pricing
Representations and Warranties
Confidentiality
Data Protection
Force Majeure
Termination
Default
Dispute Resolution
Governing Law
Assignment
Amendments
Notices
Severability
Entire Agreement
Counterparts
Bank Accounts
Reporting Requirements
Step-in Rights
Third Party Rights
Costs and Expenses
Interest
Further Assurance
Financial Services
Manufacturing
Technology
Retail
Energy
Healthcare
Professional Services
Transportation & Logistics
Consumer Goods
Telecommunications
Finance
Legal
Treasury
Tax
Compliance
Accounting
Internal Audit
Corporate Governance
Shared Services
Financial Planning & Analysis
Chief Financial Officer
Financial Controller
Treasury Manager
Tax Director
Legal Counsel
Compliance Officer
Group Accountant
Transfer Pricing Manager
Finance Director
Corporate Secretary
Shared Services Manager
Group Financial Controller
International Tax Manager
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