Examples of Closing Adjusted Net Worth in a sentence
If the Buyer does not deliver a Disagreement Notice within such 30-day period, the Audited Closing Balance Sheet, the Closing Adjusted Net Worth Schedule and the Closing Adjusted Net Worth shall be deemed to have been accepted by Buyer.
Upon receipt of the Audited Closing Balance Sheet -------------- and the Closing Adjusted Net Worth Schedule, the Buyer and its independent accountants shall have the right during the succeeding 30-day period to examine the Audited Closing Balance Sheet, the Closing Adjusted Net Worth Schedule and all books and records used to prepare the Balance Sheet, the Audited Closing Balance Sheet and the Closing Adjusted Net Worth Schedule.
If the Buyer elects to repay any indebtedness of the Company or its Subsidiaries at Closing, neither the Sellers nor the Company or any of its Subsidiaries shall have any liability or obligation with respect thereto (it being understood that any prepayment penalties resulting therefrom in excess of $18,750 shall be included as a liability of the Company in the Preliminary Closing Balance Sheet, the Audited Closing Balance Sheet and the Closing Adjusted Net Worth Schedule pursuant to Section 1.2).
In the year ended September 30, 2015 impairment costs of £2.3 million, £5.0 million of restructuring costs, £1.6 million costs in relation to an emissions permit penalty notification in Sweden and £3.1 million of manufacturing rationalization expenses were incurred, offset by an (£8.5) million gain on bargain purchase of La Cocinera frozen food business and net acquisition and disposal costs of £4.2 million.
It is currently at fact finding and information gathering stage, the outcome of the application cannot be readily ascertained.