CAPITAL STATEMENT Sample Clauses
A Capital Statement clause outlines the amount and structure of capital contributed by parties to a business or partnership. It typically details each party's initial investment, the form of capital (such as cash, property, or services), and any subsequent contributions required. This clause ensures transparency regarding financial commitments and helps prevent disputes by clearly documenting each party's stake and obligations.
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CAPITAL STATEMENT. (a) The Capital Statement shall take into account the amount of any capital cost or receipt comprised or adjusted for in any call paid or received in respect of the Assets from the Effective Date to the Adjustment Date (such amounts to be treated as property, plant and equipment).
(b) In this Part, if the total of capital costs under paragraph (a) exceeds the total of capital receipts, then the amount of the difference shall be charged to the Buyer Account, otherwise the amount of the difference shall be charged to the Seller Account.
CAPITAL STATEMENT. The Estimated Closing Net Working Capital and the Estimated Closing New Working Capital shall be prepared in accordance with the Accounting Principles, except inasmuch as there is a conflict between the Accounting Principles and the definition of Net Working Capital, in which case the definition of Net Working Capital shall control with respect to the subject matter of such conflict.