Common use of Post-Closing Statement Clause in Contracts

Post-Closing Statement. As promptly as practicable after the Closing Date, and in any event not later than ninety (90) days after the Closing Date, HFS shall deliver to Buyer a statement (the “Post-Closing Statement”) which shall set forth HFS’s good-faith calculation of the Closing Adjustment Amount in reasonable detail. The Sellers shall give Buyer and its authorized representatives access to such employees, officers, facilities and such books and records of the Sellers as are reasonably necessary to allow Buyer and its authorized representatives to verify the Post-Closing Statement.