Closing Working Capital Statement. No later than 45 days after the Closing Date, the Purchaser (with the assistance of the Seller to the extent requested by the Purchaser) shall cause to be prepared and delivered to the Seller the Closing Working Capital Statement. Upon completion of the Closing Working Capital Statement, the Purchaser shall deliver to the Seller copies of any supporting documentation and underlying assumptions (the “WC Supporting Materials”) that are reasonably requested by the Seller within 15 days of the Seller receiving the Closing Working Capital Statement.
Closing Working Capital Statement. 7 COBRA....................................................................... 20 Code........................................................................ 37
Closing Working Capital Statement. (a) As promptly as practicable following the Closing, but not later than 60 days thereafter, Seller shall
Closing Working Capital Statement. (i) As soon as practicable (but in no event later than 45 days after the Closing Date), the Sellers' Representative shall prepare and deliver to the Purchaser a proposed closing net working capital statement of the Company as of the close of business on the Closing Date (the "CLOSING NET WORKING CAPITAL STATEMENT"). The Closing Net Working Capital Statement will reflect the Working Capital Assets, the Working Capital Liabilities and the Closing Net Working Capital Amount as of the close of business on the Closing Date and will be prepared on a basis consistent with the preparation of the Balance Sheet. For purposes hereof, "WORKING CAPITAL ASSETS" shall mean the current assets of the Company, excluding cash and short term investments; "WORKING CAPITAL LIABILITIES" shall mean the current liabilities of the Company; and "CLOSING NET WORKING CAPITAL AMOUNT" shall mean the excess (or deficiency) of Working Capital Assets over Working Capital Liabilities as of the close of business on the Closing Date. It is expressly agreed and understood that amounts that have accrued and will become due to (a) Mr. J. Stanton Kane pursuant xx xxx Xxxxxxxvx Xonus Agreement by and between Cardinal and Mr. J. Stanton Kane dated Dxxxxxxx 29, 1900, (b) Mr. Richard Demers pursuant tx xxx Xxxxxxxxx Xxnus Agreement by and between Cardinal and Mr. Richard Demers dated Xxxxxxxx 00, 1994, and (c) Mr. James Branam pursuant to xxx Xxxxxxxxx Xxnus Agreement by and between Cardinal and Mr. James Branam dated Decemxxx 00, 0000 (Mr. J. Stanton Kane, Mr. Richxxx Xxxxxx xxx Xx. Jaxxx Xxxxxx collectivelx xxx "XXXXXXXXE BONUS EMPLOYEES") if such Incentive Bonus Employee remains employed by Cardinal through and including March 31, 1998 shall not be included in the calculation of Working Capital Liabilities.
Closing Working Capital Statement. (i) Prior to the Closing Date, BDO Seidxxx, XXP ("BDO") shall be retained to calculate the amount of the Working Capital of the Company at the Closing Date in accordance with the terms hereof. As promptly as practicable, but in any event within thirty calendar days following the Closing Date, BDO shall prepare and deliver a statement of the amount of the Working Capital of the Company at the Closing Date (the "Closing Working Capital Statement") to the Acquisition Sub and the Stockholders'
Closing Working Capital Statement. As promptly as practicable, and in any event within 90 calendar days after the Closing Date, the Purchaser shall deliver or cause to be delivered to the Parent (i) a statement of assets acquired and liabilities assumed of the Southern Business as of and including the Closing Date (the "Closing Date Balance Sheet"), prepared using the same accounting principles, methodologies, policies and practices used in the preparation of the Balance Sheet (including the Balance Sheet Principles), and (ii) a statement setting forth the Purchaser's calculation of Closing Working Capital (the "Closing Working Capital Statement"). Each of the Closing Date Balance Sheet and the Closing Working Capital Statement shall include items that are updated in accordance with Section 1.10.
Closing Working Capital Statement. Closing Working Capital Statement" has the meaning set forth in Section 2.9(b).
Closing Working Capital Statement. (a) As promptly as practicable following the Closing, but not later than 60 days thereafter, Buyer shall prepare and deliver to Sellers a statement of the Working Capital of the Company and the Subsidiaries as of the close of business on the Closing Date, including a calculation of the Adjustment Amount (the “Closing Working Capital Statement”), which shall be determined in accordance with GAAP, applied on a consistent basis.
Closing Working Capital Statement. 12 2.4 Settlement............................................13 2.5 Expenses..............................................13
Closing Working Capital Statement. Within sixty (60) calendar days after the date of this Agreement, the Buyer shall prepare and deliver to the Sellers a statement setting forth:
