Procedures for Final Determination of Required Cash Amount Sample Clauses

Procedures for Final Determination of Required Cash Amount. Within thirty (30) days after the Closing Date, Purchaser shall prepare and deliver to Sellers at Purchaser's expense a balance sheet for Sellers as of the opening of business on the Effective Date, together with a statement setting forth Purchaser's determination of the Required Cash Amount. Within thirty (30) days after receipt of such items, Sellers shall deliver to Purchaser a detailed written statement describing its objections, if any, to such balance sheet and determination of the Required Cash Amount. If Sellers do not raise any objections within the thirty (30) day period, the audited balance sheet and Purchaser's determination of the Required Cash Amount shall become final and binding upon all parties. Upon request by Sellers at any time after receipt of the aforementioned balance sheet and statement, Purchaser shall make available to Sellers and their accountants and other representatives the work papers used in preparing the balance sheet and in determining Purchaser's calculation of the Required Cash Amount and such other documents as Sellers may reasonably request in connection with their review of the Required Cash Amount. If Sellers do raise any objections, Purchaser and Sellers shall use reasonable efforts to resolve any such disputes. If a final resolution is not obtained within thirty (30) days after Sellers shall have submitted their objections to Purchaser, any remaining disputes shall be resolved by an accounting firm mutually agreeable to Purchaser and Sellers. If Purchaser and Sellers are unable to mutually agree on such an accounting firm within five (5) days after the expiration of said thirty (30) day period, a "big-six" accounting firm shall be selected by lot after elimination of one firm designated as objectionable by each of Purchaser and Sellers. The determination of the accounting firm so selected shall be set forth in writing and shall be conclusive and binding upon the parties, and the fees and expenses of such accounting firm shall be paid one-half by Purchaser and one-half by Sellers. The final balance sheet prepared in accordance with this Section 2.3 and Section 2.4 below and the related statement setting forth the final determination of the Required Cash Amount are referred to as the "Closing Balance Sheet."
Sample 1
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Procedures for Final Determination of Required Cash Amount. Within thirty (30) days after the Closing Date, Purchaser shall prepare and deliver to Seller at Purchaser's expense a statement setting forth Purchaser's determination of the Required Cash Amount. Within thirty (30) days after receipt thereof, Seller shall deliver to Purchaser a detailed written statement describing its objections, if any, to such balance sheet and determination of the Required Cash Amount. If Seller does not raise any objections within the thirty (30) day period, Purchaser's determination of the Required Cash Amount shall become final and binding upon all parties. Upon request by Seller at any time after receipt of the aforementioned statement, Purchaser shall make available to Seller and its accountants and other representatives the work papers used in determining Purchaser's calculation of the Required Cash Amount and such other documents as Seller may reasonably request in connection with its review of the Required Cash Amount. If Seller does raise any objections, Purchaser and Seller shall use reasonable efforts to resolve any such disputes. If a final resolution is not obtained within thirty (30) days after Seller shall have submitted its objections to Purchaser, any remaining disputes shall be resolved by an accounting firm mutually agreeable to
Sample 1

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