Common use of Closing Net Assets Statement Clause in Contracts

Closing Net Assets Statement. Prior to the PRE-CLOSING DATE, the ▇▇▇▇▇ Representative (as defined in Section 3.3 (LLC PARTIES' CONDITIONS TO CLOSING) herein) shall deliver to UbiquiTel Parent a statement of the Net Assets dated as of the close of business on the day immediately preceding the PRE-CLOSING DATE (the "NET ASSETS STATEMENT"). The Net Assets Statement shall be prepared in accordance with the same principles, methods and procedures used in the preparation of the Estimated Net Assets Statement. If UbiquiTel Parent agrees with the Net Assets Statement as delivered by the ▇▇▇▇▇ Representative, it shall so signify by initialing the same. If it disagrees with the Net Assets Statement it shall, on or before the PRE-CLOSING DATE, deliver to the ▇▇▇▇▇ Representative a revised net assets statement (the "REVISED NET ASSETS STATEMENT"). If UbiquiTel Parent delivers to the ▇▇▇▇▇ Representative a Revised Net Assets Statement, then the amount of the difference between the liabilities shown on the Net Assets Statement and the liabilities shown on the Revised Net Assets Statement shall be deposited by UbiquiTel Parent in a separate interest-bearing account until the filing of the tax returns described in Section 11.7 (TAX MATTERS IN ▇▇▇▇▇ MERGER) herein.

Closing Net Assets Statement. Prior to the PREPre-CLOSING DATEClosing Date, the ▇▇▇▇▇ Representative (as defined in Section 3.3 (LLC PARTIES' CONDITIONS TO CLOSING) herein) shall deliver to UbiquiTel Parent a statement of the Net Assets dated as of the close of business on the day immediately preceding the PREPre-CLOSING DATE Closing Date (the "NET ASSETS STATEMENT"). The Net Assets Statement shall be prepared in accordance with the same principles, methods and procedures used in the preparation of the Estimated Net Assets Statement. If UbiquiTel Parent agrees with the Net Assets Statement as delivered by the ▇▇▇▇▇ Representative, it shall so signify by initialing the same. If it disagrees with the Net Assets Statement it shall, on or before the PREPre-CLOSING DATEClosing Date, deliver to the ▇▇▇▇▇ Representative a revised net assets statement (the "REVISED NET ASSETS STATEMENT"). If UbiquiTel Parent delivers to the ▇▇▇▇▇ Representative a Revised Net Assets Statement, then the amount of the difference between the liabilities shown on the Net Assets Statement and the liabilities shown on the Revised Net Assets Statement shall be deposited by UbiquiTel Parent in a separate interest-bearing account until the filing of the tax returns described in Section 11.7 (TAX MATTERS IN ▇▇▇▇▇ MERGER) herein.