Common use of The Statement Clause in Contracts

The Statement. Within sixty (60) days after the Closing Date, Seller shall prepare and deliver to Buyer a statement (the “Statement”), setting forth the Reference Net Assets as of the close of business on the Closing Date (the “Closing Reference Net Assets”) determined in accordance with the methodologies, procedures and adjustments used in the preparation of the Reference Net Assets (including GAAP and SEC rules and regulations consistently applied) as set forth in Schedule 2.02. After the Closing Date, at Seller’s request, Buyer shall assist Seller and its representatives in the preparation of the Statement and shall provide Seller and its representatives any information reasonably requested.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Kennametal Inc), Stock Purchase Agreement (MSC Industrial Direct Co Inc)

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