Common use of Cut-off Clause in Contracts

Cut-off. Each Closing Statement (including each Draft Closing Statement) shall not take into account any additional events or any additional information that becomes available after the date that such Closing Statement is agreed or, if earlier, such time as the Purchaser serves a Purchaser’s Disagreement Notice.

Appears in 3 contracts

Sources: Contribution Agreement (Glaxosmithkline PLC), Contribution Agreement (Glaxosmithkline PLC), Contribution Agreement (Novartis Ag)

Cut-off. Each The Closing Statement (including each the Draft Closing Statement) shall not take into account any additional events or and any additional information that becomes available after the Effective Time up to the date that such Closing Statement is agreed or, if earlier, such time as the Purchaser serves a Purchaser’s Disagreement Noticeprepared.

Appears in 1 contract

Sources: Share and Business Sale Agreement (Novartis Ag)