Preliminary Closing Statement. The Seller has approved the amounts reflected in the Preliminary Closing Statement by the Closing Date, unless the amounts disputed by Seller with respect to such Preliminary Closing Statement are (i) disputed in bad faith, or (ii) in an amount not greater than $1,500,000 in the aggregate, in either which case this condition shall not apply.
Appears in 2 contracts
Samples: Agreement for Sale and Purchase of Membership Interests (Strategic Hotels & Resorts, Inc), Agreement for Sale and Purchase of Membership Interests (Strategic Hotels & Resorts, Inc)
Preliminary Closing Statement. The Seller Purchaser has approved the amounts reflected in the Preliminary Closing Statement by the Closing Date, unless the amounts disputed by Seller Purchaser with respect to such Preliminary Closing Statement are (i) disputed in bad faith, or (ii) in an amount not greater than $1,500,000 in the aggregate, in either which case this condition shall not apply.
Appears in 1 contract
Samples: Agreement for Sale and Purchase of Membership Interests (Strategic Hotels & Resorts, Inc)
Preliminary Closing Statement. The Seller Purchaser has approved the amounts reflected in the Preliminary Closing Statement by the Closing Date, unless the amounts disputed by Seller Purchaser with respect to such Preliminary Closing Statement are (i) disputed in bad faith, or (ii) in an amount not greater than $1,500,000 in the aggregate, in either which case this condition shall not apply.
Appears in 1 contract
Samples: Agreement for Sale and Purchase of Membership Interests (Strategic Hotels & Resorts, Inc)
