Closing Books Clause Samples
The Closing Books clause defines the process and responsibilities for preparing, delivering, and finalizing the financial records of a business as of the closing date in a transaction. Typically, this clause outlines which party is responsible for compiling the closing balance sheet, the timeline for its delivery, and the procedures for resolving any disputes over the financial statements. Its core practical function is to ensure both parties have a clear and agreed-upon record of the company's financial position at closing, thereby reducing the risk of post-closing disagreements and facilitating a smooth transition of ownership.
Closing Books. The Chairman of the Board of Directors or any Officer designated by the Board of Directors may close the transfer books of the Company not less than ten (10) nor more than sixty (60) days before the date specified for any annual or special meeting of the Members.
Closing Books. The Corporation will not close its books against the transfer of any share of Preferred Stock.
Closing Books. The Company shall at its own expense furnish two bound closing books to the Underwriter, including all customary documents, correspondence and agreements of the transaction contemplated by this Agreement, in form and content reasonably acceptable to the Underwriter, and one such closing book to Fulbright & Jaworski L.L.P. within sixty (60) business days after the later of (i) ▇▇▇ ▇▇▇ond Closing Date, if applicable, or (ii) the date on which the Underwriter and its counsel have provided the Company with documents, correspondence and agreements of the transaction customarily provided by the Underwriter or its counsel, including without limitation all correspondence between the Underwriter and the NASD. The Underwriter may, in its sole discretion, waive in writing the performance by the Company of any one or more of the foregoing covenants or extend the time for their performance.
Closing Books. It is the intention of the parties that Seller's, NJ Doctors' and NY Doctors' books be closed as of 11:59 p.m. on the Closing Date (the "Apportionment Time").
Closing Books. The Company shall at its own expense furnish two bound closing books to the Representative, including all customary documents, correspondence and agreements of the transaction contemplated by this Agreement, in form and content reasonably acceptable to the Representative, and one such closing book to ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, P.L.L.P. within thirty (30) business days after the First Closing date, or, if applicable, the Second Closing Date.
Closing Books. 16 6.2 Existing Liabilities. 16 6.3 Invoices. 17 7. WARRANTIES AND REPRESENTATIONS OF SELLER, NJ DOCTORS AND NY DOCTORS. 17 7.1 Organization; Licenses. 17 7.2 Authority. 17 7.3 Subsidiaries. 17 7.4 Other Business Names. 17 7.5 Sites. 17 7.6 Leases. 17 7.7