Examples of Locked Box Date in a sentence
In the event of any Leakage between the Locked Box Date and the Closing Date the Seller shall on demand by the Purchaser pay to the Purchaser by way of adjustment to the consideration an amount in cash equal to such Leakage (plus interest on such amount at the Deposit Interest Rate from the date on which the Leakage occurred to the date of payment) within 15 Business Days after such demand.
In addition to the purchase prices set forth above, the Purchaser shall pay interest on uch purchase prices for the time between the Locked Box Date and today's date at a rate of 5% p.a. (the "Locked Box Interest").
The Seller shall notify the Purchaser as soon as reasonably practicable (and in any event within 10 Business Days) after becoming aware that any Leakage has occurred or is likely to occur between the Locked Box Date and Closing.
Box Accounts have been prepared in accordance with IFRS taking into consideration the adjustment columns set out in the Aggregated Accounts and present a true and fair view (Sw. en rättvisande bild) of the financial position of the Company, the Subsidiaries and the Group as a whole (taking into consideration the adjustment columns) in accordance with the Locked Box Accounting Principles on the Locked Box Date.
Adequate provision has been made for in the Locked Box Accounts in accordance with HKFRS for any Tax asset arising on or before the Locked Box Date.