Common use of Closing Estimates Clause in Contracts

Closing Estimates. On or prior to the second (2nd) Business Day prior to the Closing Date, Griffon shall cause to be prepared and delivered to Buyer a statement (the “Estimated Closing Statement”) setting forth Griffon’s good faith estimate of (i) the Net Working Capital (the “Estimated Net Working Capital”) (ii) based on the Estimated Net Working Capital, the estimated Net Working Capital Adjustment (the “Estimated Net Working Capital Adjustment”), (iii) the Closing Date Funded Indebtedness (the “Estimated Funded Indebtedness”), (iv) the estimated Closing Date Cash (the “Estimated Closing Date Cash”), (v) the Transaction Related Expenses (the “Estimated Transaction Related Expenses”) and, on the basis of the foregoing, (vi) the Estimated Purchase Price and the components and calculations thereof.