CIAC definition
Examples of CIAC in a sentence
After its receipt of the Preliminary CIAC and Cash Adjustments Statement, the Purchaser may submit to the Seller in writing any good faith objections or proposed changes to the Seller’s draft of the Preliminary CIAC and Cash Adjustments Statement.
The Parties shall in good faith attempt to agree in writing on the draft of the Preliminary CIAC and Cash Adjustments Statement as soon as possible after the Seller’s receipt of the Purchaser’s objections or proposed changes, if any.
The estimates agreed to by the Seller and the Purchaser, or, absent such agreement, delivered in the Preliminary CIAC and Cash Adjustments Statement delivered by the Seller (as modified by mutual written agreement of the Parties, if applicable), will be the amounts used to calculate the Excess CIAC and Eligible CIAC for purposes of the Closing.
The estimates agreed to by the Seller and the Purchaser, or, absent such agreement, delivered in the Preliminary CIAC and Cash Adjustments Statement delivered by the Seller (as modified by mutual written agreement of the Parties, if applicable), will be the amounts used to calculate the Excess CIAC, Eligible CIAC and Customer Deposits for purposes of the Closing.
Following the Closing, in the event of any disputes with respect to the Excess CIAC, Eligible CIAC and Customer Deposits, Sections 1.5(c)-(f) shall apply mutatis mutandis.