Closing Adjustments definition
Examples of Closing Adjustments in a sentence
Seller acknowledges that the Guarantor's obligations hereunder shall also be discharged by the complete and indefeasible payment in full of the Purchase Price (adjusted by the Closing Adjustments) by the Purchaser.
All Losses payable to an Indemnified Party under this Article 9 shall be calculated without duplication, including as to amounts included in the calculation of Closing Working Capital and part of the final Closing Adjustments under Section 2.03.
Payment of the Purchase Price is due at Closing and shall be adjusted for any Contract Deposits held by Escrow Agent to be disbursed at Closing, taxes or tax withholding applicable to Seller as described in Sections 17 and 18 of this Contract, or as required by other applicable law, Closing Adjustments under Section 26 of this Contract, compensation due to Seller’s real estate broker, and any other items agreed to in writing by Seller and Purchaser.
The Independent Accountant shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after its engagement, and its resolution of the Disputed Amounts and its adjustments to the Closing Working Capital Statements and/or the Closing Adjustments shall be conclusive and binding upon the parties hereto.
Buyer and Seller shall, and shall cause their respective representatives to, cooperate and assist in the preparation of the Closing Statement and the calculation of Closing Adjustments and in the conduct of the review referred to in this Section 1.7, including, without limitation, the making available to the extent necessary of books, records, work papers and personnel.