{"component": "clause", "props": {"groups": [{"samples": [{"hash": "h7EnVsuD18v", "uri": "/contracts/h7EnVsuD18v#completion-statement", "label": "Share Purchase Agreement (Mobile Pet Systems Inc)", "score": 21.0, "published": true}, {"hash": "gxxzDc8vmGU", "uri": "/contracts/gxxzDc8vmGU#completion-statement", "label": "Share Purchase Agreement (Mobile Pet Systems Inc)", "score": 21.0, "published": true}], "size": 14, "snippet": "5.1 The Purchaser shall, as soon as reasonably practicable after Completion and in any event by 31 August 2002, prepare and submit to the Vendor a draft of the Completion Statement (\u201cthe Draft Statement\u201d). The Draft Statement shall be prepared in accordance with Schedule 5.\n5.2 The Vendor shall within 20 Business Days after receipt of the Draft Statement, give written notice to the Purchaser stating whether or not it proposes any amendments to the Draft Statement. The Purchaser shall procure that the Vendor is given all such assistance and access to all such information in the Purchaser\u2019s possession or control as it may reasonably require in order to enable them to reach its decision.\n5.3 If the Vendor gives notice that it has no proposed amendments to the Draft Statement or the Vendor fails to give written notice to the Purchaser pursuant to Clause 5.2 within the time limit specified therein, then the Draft Statement shall constitute the Completion Statement for the purposes of this Agreement. If the Vendor gives notice within the time limit specified in Clause 5.2 that it does have proposed amendments to the Draft Statement, it shall within such notice inform the Purchaser of its proposed amendments and the Vendor and the Purchaser (or their respective accountants) shall, within the period of 10 Business Days after receipt of such notice, seek to agree the proposed amendments.\n5.4 In the event of:-\n5.4.1 a failure by the Purchaser to submit the Draft Statement to the Vendor within the period referred to in Clause 5.1; or\n5.4.2 any dispute between the Vendor and the Purchaser as to any matter relevant to the Draft Statement remaining unresolved at the expiry of the period of 10 Business Days referred to in Clause 5.3 (or such longer period as the Parties may agree) such failure or dispute shall be referred to an independent firm of chartered accountants agreed by the Vendor and the Purchaser within 5 Business Days of such failure or notification of dispute or, in the event of a failure to agree upon the identity of such independent firm within 10 Business Days of either Party nominating a firm, to an independent firm of chartered accountants appointed by the President for the time being of the Institute of Chartered Accountants in England and Wales on the application of either the Vendor or the Purchaser.\n5.5 The independent firm of chartered accountants referred to in Clause 5.4 shall determine the Completion Statement which, save in the case of manifest error, will be final and binding on the Parties. The Vendor and the Purchaser shall procure that such firm is given all such assistance and access to all such information in the Vendor\u2019s possession or control or, in the case of the Purchaser, in the possession or control of the Purchaser or LPC as such firm may reasonably require in order to determine the Completion Statement. Any independent firm appointed under this Clause 5 shall act as experts and not as arbitrators. The costs of such independent firm shall be borne as that firm shall decide or, in the absence of such direction, equally by the Vendor on the one hand and the Purchaser on the other.\n5.6 If the Completion Statement shows that (i) the amount of the Completion NAV is equal to Completion NAV Target or (ii) that the variance is within 5 per cent more or less than the Completion NAV Target then no further steps shall be required to be taken by the Parties.\n5.7 If the Completion Statement shows that the amount of the Completion NAV is less than 95 per cent of the Completion NAV Target then (subject as provided in clause 5.9) the Vendor shall, within 5 Business Days of the agreement or determination (as the case may be) of the Completion Statement, pay to the Purchaser (by telegraphic transfer to such bank account the details of which shall be notified in writing by the Purchaser to the Vendor not later than 3 Business Days after the agreement or determination of the Completion Statement) a sum equal to the amount by which the Completion NAV is less than the Completion NAV Target.\n5.8 If the Completion Statement shows that the amount of the Completion NAV is greater than 105 per cent the Completion NAV Target the Purchaser shall, within 5 Business Days of the agreement or determination (as the case may be) of the Completion Statement, pay by telegraphic transfer to the Vendor\u2019s Solicitors client account, details of which are set out in clause 4.1.3.1, a sum equal to the amount by which the Completion NAV is more than the Completion NAV Target.\n5.9 If the Completion Statement shows a payment due from the Vendor to the Purchaser under clause 5.7 such sums shall be taken first from the Retention in the Escrow Account and, to the extent that the Retention is insufficient to cover such payment, the excess will be paid direct by the Vendor as set out in clause 5.7. If the Completion Statement shows a payment due from the Purchaser to the Vendor under Clause 5.8 the Purchaser shall pay or procure that there is paid to the account of the Vendor\u2019s Solicitors as set out in Clause 4.1.3.1 such sum as is sufficient to cover such payment together with the entire amount of the Retention in the Escrow Account together with all accrued interest thereon less any deductions made in accordance with Clause 7. If the Completion Statement shows that no adjustment to the Consideration is required under clause 5.6 the Retention together with interest thereon accrued in the Escrow Account less any deductions made in accordance with Clause 7 shall be paid to the Vendor\u2019s Solicitors to the account specified in clause 4.1.3.1.\n5.10 Any amount payable by either the Vendor to the Purchaser (where such sum is not taken from the Retention in the Escrow Account as set out in Clause 5.9) or by the Purchaser to the Vendor (as the case may be) pursuant to Clauses 5.7 to 5.9 shall bear interest at the rate of 1 per cent below the base rate of Barclays Bank plc from time to time from the Completion Date up to and including the date of actual payment, such interest accruing from day to day and computed for the actual number of days elapsed and on the basis of a 365 day year.", "snippet_links": [{"key": "the-purchaser-shall", "type": "clause", "offset": [4, 23]}, {"key": "after-completion", "type": "clause", "offset": [59, 75]}, {"key": "submit-to", "type": "clause", "offset": [124, 133]}, {"key": "draft-statement", "type": "definition", "offset": [187, 202]}, {"key": "be-prepared", "type": "clause", "offset": [232, 243]}, {"key": "in-accordance-with", "type": "definition", "offset": [244, 262]}, {"key": "schedule-5", "type": "definition", "offset": [263, 273]}, {"key": "the-vendor-shall", "type": "clause", "offset": [279, 295]}, {"key": "after-receipt-of", "type": "clause", "offset": [320, 336]}, {"key": "notice-to-the-purchaser", "type": "clause", "offset": [371, 394]}, {"key": "amendments-to-the", "type": "clause", "offset": [434, 451]}, {"key": "access-to", "type": "clause", "offset": [546, 555]}, {"key": "such-information", "type": "definition", "offset": [560, 576]}, {"key": "possession-or-control", "type": "definition", "offset": [596, 617]}, {"key": "in-order-to", "type": "clause", "offset": [647, 658]}, {"key": "proposed-amendments", "type": "definition", "offset": [740, 759]}, {"key": "clause-5", "type": "definition", "offset": [855, 863]}, {"key": "time-limit", "type": "definition", "offset": [877, 887]}, {"key": "for-the-purposes-of-this-agreement", "type": "clause", "offset": [974, 1008]}, {"key": "in-clause", "type": "clause", "offset": [1069, 1078]}, {"key": "and-the-purchaser", "type": "clause", "offset": [1236, 1253]}, {"key": "period-of", "type": "definition", "offset": [1306, 1315]}, {"key": "the-proposed", "type": "clause", "offset": [1377, 1389]}, {"key": "by-the-purchaser", "type": "clause", "offset": [1440, 1456]}, {"key": "to-submit", "type": "definition", "offset": [1457, 1466]}, {"key": "expiry-of", "type": "clause", "offset": [1681, 1690]}, {"key": "independent-firm", "type": "definition", "offset": [1845, 1861]}, {"key": "by-the-vendor", "type": "clause", "offset": [1894, 1907]}, {"key": "business-days-of", "type": "clause", "offset": [1935, 1951]}, {"key": "notification-of-dispute", "type": "clause", "offset": [1968, 1991]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [1996, 2013]}, {"key": "failure-to-agree", "type": "definition", "offset": [2014, 2030]}, {"key": "either-party", "type": "definition", "offset": [2101, 2113]}, {"key": "the-president", "type": "clause", "offset": [2194, 2207]}, {"key": "institute-of-chartered-accountants", "type": "definition", "offset": [2234, 2268]}, {"key": "england-and-wales", "type": "clause", "offset": [2272, 2289]}, {"key": "application-of", "type": "clause", "offset": [2297, 2311]}, {"key": "the-independent", "type": "clause", "offset": [2352, 2367]}, {"key": "determine-the", "type": "clause", "offset": [2430, 2443]}, {"key": "in-the-case", "type": "clause", "offset": [2477, 2488]}, {"key": "manifest-error", "type": "definition", "offset": [2492, 2506]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [2526, 2548]}, {"key": "of-the-purchaser", "type": "clause", "offset": [2726, 2742]}, {"key": "control-of-the", "type": "clause", "offset": [2765, 2779]}, {"key": "to-determine", "type": "definition", "offset": [2842, 2854]}, {"key": "this-clause", "type": "clause", "offset": [2918, 2929]}, {"key": "costs-of", "type": "definition", "offset": [2981, 2989]}, {"key": "completion-nav", "type": "definition", "offset": [3226, 3240]}, {"key": "equal-to", "type": "definition", "offset": [3244, 3252]}, {"key": "per-cent", "type": "definition", "offset": [3313, 3321]}, {"key": "further-steps", "type": "clause", "offset": [3374, 3387]}, {"key": "by-the-parties", "type": "clause", "offset": [3418, 3432]}, {"key": "agreement-or", "type": "definition", "offset": [3653, 3665]}, {"key": "pay-to", "type": "definition", "offset": [3730, 3736]}, {"key": "transfer-to", "type": "definition", "offset": [3767, 3778]}, {"key": "bank-account", "type": "clause", "offset": [3784, 3796]}, {"key": "details-of", "type": "clause", "offset": [3801, 3811]}, {"key": "in-writing", "type": "definition", "offset": [3836, 3846]}, {"key": "after-the-agreement", "type": "clause", "offset": [3909, 3928]}, {"key": "determination-of-the", "type": "clause", "offset": [3932, 3952]}, {"key": "client-account", "type": "definition", "offset": [4383, 4397]}, {"key": "set-out", "type": "definition", "offset": [4420, 4427]}, {"key": "payment-due", "type": "clause", "offset": [4581, 4592]}, {"key": "vendor-to", "type": "clause", "offset": [4602, 4611]}, {"key": "under-clause", "type": "clause", "offset": [4626, 4638]}, {"key": "the-retention", "type": "clause", "offset": [4679, 4692]}, {"key": "the-escrow-account", "type": "clause", "offset": [4696, 4714]}, {"key": "to-the-extent", "type": "clause", "offset": [4720, 4733]}, {"key": "the-excess", "type": "clause", "offset": [4792, 4802]}, {"key": "the-account", "type": "clause", "offset": [5018, 5029]}, {"key": "accrued-interest", "type": "definition", "offset": [5223, 5239]}, {"key": "clause-7", "type": "definition", "offset": [5292, 5300]}, {"key": "adjustment-to-the-consideration", "type": "clause", "offset": [5344, 5375]}, {"key": "with-interest", "type": "definition", "offset": [5428, 5441]}, {"key": "amount-payable", "type": "definition", "offset": [5627, 5641]}, {"key": "pursuant-to-clauses", "type": "clause", "offset": [5831, 5850]}, {"key": "rate-of", "type": "clause", "offset": [5889, 5896]}, {"key": "the-base-rate", "type": "definition", "offset": [5914, 5927]}, {"key": "barclays-bank-plc", "type": "clause", "offset": [5931, 5948]}, {"key": "from-time-to-time", "type": "clause", "offset": [5949, 5966]}, {"key": "from-the-completion-date", "type": "clause", "offset": [5967, 5991]}, {"key": "date-of", "type": "clause", "offset": [6016, 6023]}, {"key": "actual-payment", "type": "definition", "offset": [6024, 6038]}, {"key": "interest-accruing", "type": "clause", "offset": [6045, 6062]}, {"key": "actual-number-of-days", "type": "clause", "offset": [6100, 6121]}, {"key": "basis-of", "type": "clause", "offset": [6141, 6149]}], "hash": "76379e12e4754854c295a67d06e934b6", "id": 1}, {"samples": [{"hash": "jE5wYamwwO3", "uri": "/contracts/jE5wYamwwO3#completion-statement", "label": "Agreement for the Sale and Purchase of Shares (Dollar Financial Corp)", "score": 22.2566738129, "published": true}, {"hash": "aKIgJxUWiYa", "uri": "/contracts/aKIgJxUWiYa#completion-statement", "label": "Agreement for the Sale and Purchase of Shares (Dollar Financial Corp)", "score": 22.106092453, "published": true}], "size": 2, "snippet": "Part 1 \u2014 General Provisions", "snippet_links": [{"key": "part-1", "type": "clause", "offset": [0, 6]}, {"key": "general-provisions", "type": "clause", "offset": [9, 27]}], "hash": "3c5d7d748b8ffc6cbb2fe7df48c11979", "id": 4}, {"samples": [{"hash": "7v2WnitcIl5", "uri": "/contracts/7v2WnitcIl5#completion-statement", "label": "Sale and Purchase Agreement (Rambus Inc)", "score": 25.3052711487, "published": true}, {"hash": "bJJGsMYhViN", "uri": "/contracts/bJJGsMYhViN#completion-statement", "label": "Share Purchase Agreement (Sl Industries Inc)", "score": 24.5715255737, "published": true}], "size": 2, "snippet": "Part 1 \u2013 Definitions", "snippet_links": [{"key": "part-1", "type": "clause", "offset": [0, 6]}], "hash": "2c037b0414dfc344af2bb489861ff1d8", "id": 5}, {"samples": [{"hash": "ab8P7LptXKM", "uri": "/contracts/ab8P7LptXKM#completion-statement", "label": "Share Sale and Purchase Agreement (Warner Music Group Corp.)", "score": 20.6002731323, "published": true}, {"hash": "b62BZuzy6AC", "uri": "/contracts/b62BZuzy6AC#completion-statement", "label": "Share Sale and Purchase Agreement (Warner Music Group Corp.)", "score": 20.1211490631, "published": true}], "size": 2, "snippet": "5.1 For the avoidance of doubt, the parties agree that the Consideration shall be subject to adjustment pursuant to clause 8 and Schedule 6 of the Main SPA and, further, that the French Companies are deemed to be Target Companies for the purposes of the foregoing clause and schedule. In the event that any adjustment payment or payments are required to be made in accordance with the foregoing clause and schedule which relate to the French Target Company or the French Subsidiary, such payments shall be made as between the Buyer and the Seller of the French Target Shares, each as defined under this Agreement.", "snippet_links": [{"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [4, 30]}, {"key": "the-parties-agree-that", "type": "clause", "offset": [32, 54]}, {"key": "the-consideration", "type": "clause", "offset": [55, 72]}, {"key": "subject-to", "type": "definition", "offset": [82, 92]}, {"key": "clause-8", "type": "clause", "offset": [116, 124]}, {"key": "schedule-6", "type": "definition", "offset": [129, 139]}, {"key": "french-companies", "type": "definition", "offset": [179, 195]}, {"key": "target-companies", "type": "clause", "offset": [213, 229]}, {"key": "the-foregoing", "type": "clause", "offset": [250, 263]}, {"key": "in-the-event", "type": "clause", "offset": [285, 297]}, {"key": "payment-or-payments", "type": "clause", "offset": [318, 337]}, {"key": "in-accordance-with", "type": "definition", "offset": [362, 380]}, {"key": "relate-to", "type": "definition", "offset": [421, 430]}, {"key": "target-company", "type": "clause", "offset": [442, 456]}, {"key": "french-subsidiary", "type": "definition", "offset": [464, 481]}, {"key": "payments-shall-be", "type": "clause", "offset": [488, 505]}, {"key": "the-seller", "type": "clause", "offset": [536, 546]}, {"key": "target-shares", "type": "definition", "offset": [561, 574]}, {"key": "this-agreement", "type": "clause", "offset": [598, 612]}], "hash": "70447dbd619fdc1ef44920b8122cf054", "id": 2}, {"samples": [{"hash": "ebKIRvIYDs7", "uri": "/contracts/ebKIRvIYDs7#completion-statement", "label": "Sale and Purchase Agreement", "score": 29.3408622742, "published": true}, {"hash": "8cBlkhEcKPy", "uri": "/contracts/8cBlkhEcKPy#completion-statement", "label": "Agreement for the Sale and Purchase of Shares (Coinstar Inc)", "score": 19.0, "published": true}], "size": 2, "snippet": "To: Travelex Limited For the attention of: Company Secretary \u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587 Dear Sirs We refer to the agreement (\u201cAgreement\u201d) between Travelex Limited (1), Coinstar, Inc. (2) Travelex Group Limited dated [ ] 2006 providing for the sale to Coinstar, Inc. of the entire issued share capital of Travelex Money Transfer Limited. We enclose a copy of the Completion Accounts (as defined in the Agreement) drawn up, in our opinion, in accordance with part 1 of schedule 9 of the Agreement. On the basis of the Completion Accounts:", "snippet_links": [{"key": "for-the-attention-of", "type": "definition", "offset": [21, 41]}, {"key": "company-secretary", "type": "definition", "offset": [43, 60]}, {"key": "dear-sirs", "type": "definition", "offset": [89, 98]}, {"key": "we-refer-to-the-agreement", "type": "clause", "offset": [99, 124]}, {"key": "the-sale", "type": "clause", "offset": [240, 248]}, {"key": "issued-share-capital", "type": "clause", "offset": [281, 301]}, {"key": "money-transfer", "type": "definition", "offset": [314, 328]}, {"key": "the-completion-accounts", "type": "clause", "offset": [359, 382]}, {"key": "in-the-agreement", "type": "clause", "offset": [395, 411]}, {"key": "in-accordance-with", "type": "definition", "offset": [439, 457]}, {"key": "part-1", "type": "clause", "offset": [458, 464]}, {"key": "schedule-9", "type": "clause", "offset": [468, 478]}, {"key": "basis-of", "type": "clause", "offset": [504, 512]}], "hash": "e766ce581fbb6be70d9fb8888e87d323", "id": 3}, {"samples": [{"hash": "j35s35AQ1iq", "uri": "/contracts/j35s35AQ1iq#completion-statement", "label": "Residential Property Sales Contract", "score": 33.0071105957, "published": true}, {"hash": "jmdcFVTLEuQ", "uri": "/contracts/jmdcFVTLEuQ#completion-statement", "label": "Sales Contract", "score": 30.4942073822, "published": true}], "size": 2, "snippet": "Along with the draft of the transfer deed, you will receive a completion statement from the civil-law notary. The completion statement for the buyer (usually) includes the purchase price, the costs to be settled, the property transfer tax, the Land Registry fees, et cetera. The completion statement for the seller includes the amount to be repaid on the mortgage loan (if any) and the associated costs. As a rule, any outstanding estate agent\u2019s charges and, where applicable, the consultancy fees in respect of the mortgage loan are paid through the civil-law notary. The estate agent\u2019s charges are payable by the party who has engaged the estate agent. The amount shown at the bottom of the completion statement is the amount payable by the buyer or the amount to be received (or paid) by the seller.", "snippet_links": [{"key": "transfer-deed", "type": "definition", "offset": [28, 41]}, {"key": "for-the-buyer", "type": "clause", "offset": [135, 148]}, {"key": "the-purchase-price", "type": "clause", "offset": [168, 186]}, {"key": "property-transfer-tax", "type": "clause", "offset": [217, 238]}, {"key": "registry-fees", "type": "definition", "offset": [249, 262]}, {"key": "for-the-seller", "type": "clause", "offset": [300, 314]}, {"key": "the-mortgage-loan", "type": "definition", "offset": [351, 368]}, {"key": "associated-costs", "type": "clause", "offset": [386, 402]}, {"key": "as-a-rule", "type": "definition", "offset": [404, 413]}, {"key": "estate-agent", "type": "clause", "offset": [431, 443]}, {"key": "where-applicable", "type": "clause", "offset": [459, 475]}, {"key": "consultancy-fees", "type": "clause", "offset": [481, 497]}, {"key": "in-respect-of", "type": "definition", "offset": [498, 511]}, {"key": "the-party", "type": "clause", "offset": [611, 620]}, {"key": "amount-payable", "type": "definition", "offset": [721, 735]}, {"key": "by-the-buyer", "type": "clause", "offset": [736, 748]}, {"key": "by-the-seller", "type": "clause", "offset": [788, 801]}], "hash": "29a3f536101cc5d49b5d89dd86a685e6", "id": 6}, {"samples": [{"hash": "5NfTMarqkJJ", "uri": "/contracts/5NfTMarqkJJ#completion-statement", "label": "Share and Asset Sale and Purchase Agreement (Image Sensing Systems Inc)", "score": 24.9712524414, "published": true}, {"hash": "b3dWlVyG6c3", "uri": "/contracts/b3dWlVyG6c3#completion-statement", "label": "Share and Asset Sale and Purchase Agreement (Image Sensing Systems Inc)", "score": 24.6071186066, "published": true}], "size": 2, "snippet": "The Estimated Completion Statement has been prepared in good faith and in accordance with the accounting principles and policies set out in Part C to Schedule 6.", "snippet_links": [{"key": "estimated-completion-statement", "type": "definition", "offset": [4, 34]}, {"key": "in-good-faith", "type": "definition", "offset": [53, 66]}, {"key": "in-accordance-with", "type": "definition", "offset": [71, 89]}, {"key": "principles-and-policies", "type": "clause", "offset": [105, 128]}, {"key": "set-out", "type": "definition", "offset": [129, 136]}, {"key": "part-c", "type": "definition", "offset": [140, 146]}, {"key": "schedule-6", "type": "definition", "offset": [150, 160]}], "hash": "7f1a141145d1e80a9e06f91fc8f7bf54", "id": 7}, {"samples": [{"hash": "2lx2KfRvz6D", "uri": "/contracts/2lx2KfRvz6D#completion-statement", "label": "Sale and Purchase Agreement (Kaneb Pipe Line Partners L P)", "score": 18.0, "published": true}, {"hash": "1OelVFaI5Z5", "uri": "/contracts/1OelVFaI5Z5#completion-statement", "label": "Sale and Purchase Agreement (Kaneb Pipe Line Partners L P)", "score": 18.0, "published": true}], "size": 2, "snippet": "26 8. ACTION PENDING THE COMPLETION DATE.......................................27", "snippet_links": [{"key": "the-completion-date", "type": "definition", "offset": [21, 40]}], "hash": "f05bf6beeb474958c31c8c650757b93f", "id": 8}, {"samples": [{"hash": "6lBpcDoChF4", "uri": "/contracts/6lBpcDoChF4#completion-statement", "label": "Asset Sale and Share Subscription Agreement (Albemarle Corp)", "score": 28.1553726196, "published": true}], "size": 1, "snippet": "(a) Within 20 Business Days after the Completion Date, the Seller must provide the Buyer with a written statement containing the Completion Accounts and giving the Seller\u2019s calculation of the final amount of the Completion Adjustment (Completion Statement).\n(b) The Completion Accounts must be prepared, and the Completion Adjustment calculated, in accordance with Schedule 13.\n(c) The Seller must provide (and the Seller and the Buyer must procure that WLOPL provide) the Buyer with such information and documents as are reasonably requested by the Buyer in relation to the Completion Statement.\n(d) If the Buyer does not issue any notice (Completion Adjustment Dispute Notice) to the Seller that it disagrees with the amount of the Completion Adjustment set out in the Completion Statement within 30 Business Day after receipt of the Completion Statement, then the Completion Statement shall become final and binding.\n(e) If the Buyer issues a Completion Adjustment Dispute Notice, the Seller and the Buyer must use all reasonable endeavours to seek to agree on the amount of the Completion Adjustment.", "snippet_links": [{"key": "after-the-completion-date", "type": "clause", "offset": [28, 53]}, {"key": "the-seller-must", "type": "clause", "offset": [55, 70]}, {"key": "provide-the", "type": "clause", "offset": [71, 82]}, {"key": "written-statement", "type": "clause", "offset": [96, 113]}, {"key": "the-completion-accounts", "type": "clause", "offset": [125, 148]}, {"key": "final-amount", "type": "definition", "offset": 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{"key": "all-reasonable-endeavours", "type": "definition", "offset": [1018, 1043]}], "hash": "b3107c2a8b65533f290ce0018d643308", "id": 9}, {"samples": [{"hash": "2GC4L83fWNl", "uri": "/contracts/2GC4L83fWNl#completion-statement", "label": "Share Purchase Agreement (Information Holdings Inc)", "score": 21.0, "published": true}], "size": 1, "snippet": "5.1 As soon as reasonably practicable after Completion and in any event within 30 Business Days of the Completion Date the Purchaser at its own expense shall prepare in accordance with Schedule 8 and deliver to the Vendors the Completion Statement which shall give a figure for the Working Capital Amount.", "snippet_links": [{"key": "after-completion", "type": "clause", "offset": [38, 54]}, {"key": "business-days-of", "type": "clause", "offset": [82, 98]}, {"key": "the-completion-date", "type": "definition", "offset": [99, 118]}, {"key": "the-purchaser", "type": "definition", "offset": [119, 132]}, {"key": "in-accordance-with", "type": 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"CYCLONE ACQUISITIONS"], ["governing-law-and-jurisdiction", "GOVERNING LAW AND JURISDICTION"], ["buyers-obligations", "BuYER'S OBLIGATIONS"]], "id": "completion-statement", "related": [["mission-statement", "Mission Statement", "Mission Statement"], ["litigation-statement", "LITIGATION STATEMENT", "LITIGATION STATEMENT"], ["confirmation-statements", "CONFIRMATION STATEMENTS", "CONFIRMATION STATEMENTS"], ["registration-statement-joint-proxy-statement-prospectus", "Registration Statement; Joint Proxy Statement/Prospectus", "Registration Statement; Joint Proxy Statement/Prospectus"], ["termination-statements", "Termination Statements", "Termination Statements"]], "related_snippets": [], "updated": "2025-11-14T05:31:25+00:00", "also_ask": ["What key financial details must a Completion Statement include to avoid post-closing disputes?", "How can parties negotiate adjustment mechanisms in the Completion Statement to protect their interests?", "What are the most common drafting errors in Completion Statements that lead to litigation?", "How do Completion Statement requirements differ across major jurisdictions?", "What evidence is most persuasive in court when challenging or defending a Completion Statement?"], "drafting_tip": "Specify required contents and timing of the Completion Statement to ensure clarity; define adjustment mechanisms to prevent disputes; allocate responsibility for preparation to streamline closing.", "explanation": "A Completion Statement clause outlines the final financial reconciliation between parties at the conclusion of a transaction, typically in property or business sales. It details the adjustments, apportionments, and final amounts payable by each party, accounting for items such as prepaid expenses, outstanding liabilities, or prorated income. This clause ensures that both parties have a clear and agreed-upon record of the financial position at completion, thereby preventing disputes over payments and ensuring a smooth transfer of ownership."}, "json": true, "cursor": ""}}