Closing Accounts definition

Closing Accounts means the balance sheet and profit and loss accounts (together with the notes attached thereto) of the Company on a consolidated basis (including each Group Company) as of the Initial Closing Date.

Closing Accounts has the meaning set forth in Clause 3.2.4.

Closing Accounts means the unaudited consolidated financial statements of the Target Group dated as of the Closing Date and for the period ending on the Closing Date, consisting of a balance sheet and profit and loss statement. The Closing Accounts are to be prepared in accordance with the Accounting Principles and Section 3.6 and shall specifically set out in an annex thereto the calculation of Closing Cash, Closing Financial Debt and the Closing Net Working Capital.

Examples of Closing Accounts in a sentence

• By no later than sixty (60) days after Closing, Purchaser shall pay to Seller an amount equal to the remaining Closing Accounts Receivable, minus those uncollectible Closing Accounts Receivable as agreed upon by Purchaser and Seller.

• Purchaser shall pay over to Seller all collections of accounts receivable in connection with the Properties which have accrued as of Closing (the "Closing Accounts Receivable").

• Application of Annual Interest on the outstanding balances of Staff Housing Loan Accounts, and passing of accounting entries to the Commission Account, Exchange Account, Discount Account, Profit & Loss Account from sale or otherwise of Bank's assets, Depreciation and all other relevant Provisions Accounts and drawing up of Annual Closing Accounts etc.

• To the best of Vendor's knowledge, none are subject to counter claim or compensation, nor are any due and payable which remain unpaid as at the date hereof, with the exception of those in respect of which provision has been made in the Closing Accounts.

• However, it is here stated that, notwithstanding the designation of the Accounting Firm or the Expert, the Parties will be entitled to continue to negotiate between themselves in order to reach an agreement with regard to the Closing Accounts and the Change Amount, and they may continue to do so until the date on which the Accounting Firm or the Expert renders its decision, in which case the Parties will inform the Accounting Firm or the Expert of the termination of its assignment.

More Definitions of Closing Accounts

Closing Accounts. When either you or the Credit Union close any accounts, certain funds may not be immediately made available to you upon closing. This is due to actions you have taken or your relationships with third parties that may result in certain holds that affect your available funds versus your actual funds. Please read this entire section for a complete explanation of these matters. These holds are generally resolved within a period of 10 (ten) days. Once all these matters are cleared so that your accounts are no longer responsible for any sums these other parties may claim, then any remaining funds shall become available funds and will be paid to you.

Closing Accounts has the meaning given to it in Schedule 6.

Closing Accounts means a combined balance sheet of the entities included in the Autoco Contributed Entities Perimeter and a combined balance sheet for the entities included in the Finco Contributed Entities Perimeter, at the Closing Date both being prepared in accordance with the Closing Accounting Principles.

Closing Accounts means the current accounts held in the UK with the Facility Agent and governed by English law in the names of Enodis plc and the Company respectively established for the purposes of the transactions to occur before or at or immediately after Closing as set out in the Structure Memorandum.

Closing Accounts. When either you or the Credit Union close any accounts certain funds may not be immediately made available to you upon closing. This is due to actions you have taken or your relationships with third parties that may result in certain holds that affect your available funds versus your actual funds. Please read this entire section for a complete explanation of these matters. These holds are generally resolved within a period of 10-days. Once all these matters are cleared so that your accounts are no longer responsible for any sums these other parties may claim, then any remaining funds shall become available funds and will be paid to you. 8c. Transaction Limitations for All Share Savings and Money Market/Money Management Accounts: Pursuant to Federal Regulation D, during any calendar month you may not make more than six withdrawals or transfers to another Credit Union account of yours or to a third party by means of a preauthorized, automatic, telephonic, home banking, or audio response transfer or instruction. A preauthorized transfer includes any arrangement with us to pay a third party from your account upon oral or written orders, including orders received through ACH. Any minimum withdrawal requirements are set forth in the Schedule. If payment is made directly to the depositor, you may make an unlimited number of withdrawals from these accounts in person, by mail, at an ATM, or by telephone if the withdrawal is mailed to you in a check. There is also no limit on the number of transfers you may make to any loan account(s) with us. Transfers/withdrawals in excess of the transfer/withdrawal limitations described above may be subject to a fee as set forth in the Schedule. For accounts in which activity continues to violate these limits after we notify you of activity exceeding the limits, Regulation D requires that either the account be closed or that the funds be transferred to a transaction account that the depositor is eligible to maintain.

Closing Accounts means the unaudited consolidated balance sheet as at, and the unaudited consolidated income statement for the period ended on, the Closing Date, of the Group Companies, prepared on the basis of the Accounting Principles and in accordance with Section 2.03.

Closing Accounts means a combined balance sheet of the entities included in the Autoco Contributed Entities Perimeter and a combined balance sheet for the entities included in the Xxxxx Contributed Entities Perimeter, at the Closing Date both being prepared in accordance with the Closing Accounting Principles.