Actual Closing Statement definition

Actual Closing Statement shall have the meaning set forth in Section 2.6(a).

Actual Closing Statement means a statement of the Working Capital of the Company as of 12:01 a.m. (Pacific Time) on the Closing Date without giving effect to the consummation of the Merger and the other transactions contemplated by this Agreement, the Cash as of the Effective Time, the Company Debt as of the Effective Time and the Excess Fees.

Actual Closing Statement. “Final Cash Equivalents,” “Final Net Working Capital,” “Final Indebtedness”, “Final Closing Date Seller Expenses” and “Final Capital Expenditure Amount,” for all purposes herein.

Examples of Actual Closing Statement in a sentence

• ITC will be responsible for payment after Closing of any liabilities set forth on the Actual Closing Statement.

• ITC shall be entitled to cash collections of MISO and other receivables set forth on the Actual Closing Statement and received after the Closing.

• Actual Closing Statement of Financial Position at 30 June 2014, based on management reports (unaudited).

• The Actual Closing Statement shall also set forth details of each constituent element used in determining Actual Working Capital and a reconciliation to the Estimated Closing Statement and Estimated Working Capital.

• In addition, the Actual Closing Statement shall also set forth (x) the Additional Deferred Revenue Adjustment, calculated in accordance with GAAP as of the Closing, and (y) the Additional Adjustments, based upon the Actual Working Capital as of the Closing.