Common use of Net Asset Statement Clause in Contracts

Net Asset Statement. The Transferee shall procure that, as soon as practicable and in any event not later than two months following the Transfer Date, there shall be drawn up a statement showing a true and fair view of the aggregate of the amount of each separate asset and liability of the Transferring Assets and Liabilities as at the Transfer Date.

Appears in 2 contracts

Sources: Services Agreement, Franchise Agreement