Examples of Closing in a sentence
The following shows the changes in allowance for doubtful accounts related to trade and other receivables: 2016 2015 Opening balance160,406245,114Additions (recovery) of allowances19,438(74,378)Accounts receivable write-off and uses (35,515) (10,330) Closing balance 144,329 160,406 Carrying amounts of trade and other receivables approximates to their fair value because of the short-term nature.
The movement of non-current assets held for sale at December 31 is as follows: 2016 2015 Opening balance913,4881,581,466Fair value adjustments126,205(106,911)Proceeds from sales of shares(966,715)(613,998)(Loss) gain on sale of shares (21,368) 52,931 Closing balance 51,610 913,488 These equity instruments are measured at fair value with changes in the other comprehensive income.
Each of the representations and warranties of the parties hereto set forth in this Section 5 and made as of the date hereof shall be true and accurate as of the Closing applicable to the subscription made hereby as if made on and as of the date of such Closing.
Upon Seller’s delivery of the items set forth in Section 6.2 and Purchaser’s delivery of the items set forth in Section 6.3, the Closing will be consummated and Purchaser shall be deemed to have accepted delivery of the Ownership Interests in the Asset.
The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before such Closing Date.