Common use of Adjustment Statement Clause in Contracts

Adjustment Statement. (a) Within forty-five (45) days following the Closing Date, the Purchasers shall prepare and deliver to the Sellers a final statement (the "Final Adjustment Statement") that sets forth the same information as included in the Estimated Adjustment Statement provided pursuant to Section 1(a) above, adjusted to take into account the final figures as of 11:59 p.m. on the Closing Date determined in accordance with the standard set forth in said Section 1(a). The Sellers shall provide copies of all invoices or other billing information actually received or sent by the Sellers during this 45 days period to allow the Purchasers to prepare the Final Adjustment Statement in accordance with this Section. The Final Adjustment Statement shall be accompanied by such backup information and schedules as is reasonably required in order for the Sellers to understand the computation of the amount(s) set forth therein.

Adjustment Statement. (a) Within forty-five (45) days following the Closing Date, the Purchasers shall prepare and deliver to the Sellers a final statement (the "Final Adjustment Statement") that sets forth the same information as included in the Estimated Adjustment Statement provided pursuant to Section 1(a) above, adjusted to take into account the final figures as of 11:59 p.m. on the Closing Adjustment Date determined in accordance with the standard set forth in said Section 1(a). The Sellers shall provide copies of all invoices or other billing information actually received or sent by the Sellers during this 45 days period to allow the Purchasers to prepare the Final Adjustment Statement in accordance with this Section. The Final Adjustment Statement shall be accompanied by such backup information and schedules as is reasonably required in order for the Sellers to understand the computation of the amount(s) set forth therein.