Closing Audit Report definition

Closing Audit Report the closing audit report prepared by an auditing agency appointed by the Purchaser to audit the financials of the Target Companies as at the Closing Date in accordance with the Second Phase Share Purchase Agreements “Closing Date” the date of issuance as stated on the new business certificate of the Target Company(ies) upon the completion of the Business Registration Procedures
Sample 1
Closing Audit Report means an audit report of the Auditors prepared in accordance with Section 2.4, in which the Auditors certify the Actual Working Capital and Actual Net Program Inventory in accordance with this Agreement, which certificate shall based on the Auditors' audit of the consolidated balance sheet of the Company as of the Closing Date, and include as an attachment the consolidated balance sheet of the Company (including related footnotes and disclosures) from which such Actual Working Capital and Actual Net Program Inventory have been determined;
Sample 1
Closing Audit Report means an audit report of the Business Auditors in accordance with Section 2.5(a), in which the Business Auditors certify the Actual Equity and the Actual Working Capital in accordance with this Agreement, which certificate shall (i) be substantially in the form of SCHEDULE 1.1(4)(b) hereto, (ii) be based on the Business Auditors' audit of the combined balance sheet of the Business as of the Closing Date, and (iii) include as an attachment the combined balance sheet of the Business (including related footnotes and disclosures) from which such Actual Equity and Actual Working Capital have been determined.
Sample 1

Examples of Closing Audit Report in a sentence

  • Dividend resolutions of the Target Company shall be declared prior to the Closing Date (including the very date), and the amount of dividends shall be determined on the basis of the amount of distributable profits attributable to the target equity generated during the Transitional Period as specified in the Closing Audit Report.

  • On 2 October 2014 the Audit & Risk Subcommittee received a report which provided them with a summary of Ernst & Young’s Closing Audit Report and its Report on Control Findings for the year ended 30 June 2014.

  • In the event that Shicheng County Ganjiangyuan Agricultural Development requires Shicheng GCL to charge an interest on Suzhou GCL New Energy and its affiliates in relation to the Total Amount Receivable, such interest shall be borne by Suzhou GCL New Energy.The Purchaser and the Target Companies agreed to repay the Net Amount Payable incurred during the Transition Period and the interest to the respective Seller and its affiliates within seven Business Days after the issue of the Closing Audit Report.

  • Closing Audit Report Pursuant to the Fourth Phase Share Purchase Agreement, the Purchaser shall engage an auditing agency to audit the financials of the Target Company for the period from the Reference Date to the Fourth Phase Initial Closing Date and prepare the Closing Audit Report within a month after the Fourth Phase Initial Closing Date.

  • Closing Audit Report Pursuant to the Second Phase Share Purchase Agreements, the Purchaser shall engage an auditing agency to audit the financial condition of the Target Companies for the Transition Period and prepare the Closing Audit Report within 15 Business Days after the Closing Date.

  • The Sellers and the Purchaser further agreed to pay the net accrued profit for the period from the 90 days after the Reference Date up to the Closing Date to the Sellers within seven Business Days after the issue of the Closing Audit Report.

  • In addition, both are participating in the Sunflower 'non-visible disabilities' initiative.

  • The Net Payable Amount or the Net Receivable Amount (as the case may be) shall be determined in accordance with the Closing Audit Report.

  • It has been demonstrated that, in the presence of dsDNA, the fluorescence of both SG and PG dramatically increases: i.e. sensitivity is <10 pg/ml [5].

  • Payment of the Shareholder’s Loan Price First instalment RMB133,346,700, being the Shareholder’s Loan Price, shallbe payable within 10 Business Days after the delivery of the closing deliverables under each of the relevant Share Purchase Agreements.Second instalment The difference between the final shareholder’s loan price asascertained by the Closing Audit Report (defined below) and the Shareholder’s Loan Price, shall be payable within three months of the Closing Date.


More Definitions of Closing Audit Report

Closing Audit Report means a report of the Auditors prepared in accordance with Clause 3.3 in which the Auditors certify without qualifications the Combined Balance Sheet of CET 21, CP 2000 and MAG MEDIA as of the Closing Commencement Date (which report shall include as attachments the audited balance sheets of CET 21, CP 2000 and MAG MEDIA);
Sample 1

Related to Closing Audit Report

  • Audit Report means a report summarising the testing completed and the actions arising following an Audit;

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • MI Report means a report containing Management Information submitted to the Authority in accordance with Framework Schedule 8 (Management Information);

  • Conversion Valuation Appraisal Report Page: 4 ================================================================================

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • MERS Report The report from the MERS System listing MERS Designated Mortgage Loans and other information.

  • CMSA Operating Statement Analysis Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Operating Statement Analysis Report" available as of the Closing Date on the CMSA Website or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage-backed securities transactions generally.

  • Auditor’s Report means the auditor’s report on the Financial Report; “AEDT” means Australian Eastern Daylight Time.

  • Valuation Report means the valuation report or reports for mortgage purposes, in the form of the pro-forma contained in the Standard Documentation, obtained by the Seller from a Valuer in respect of each Mortgaged Property or a valuation report in respect of a valuation made using a methodology which would be acceptable to a reasonable prudent mortgage lender;

  • Reconciliation Report refers to the Reconciliation Report as referenced in s. 3 of Reg 264/07 under LHSIA.

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 11, 2022 and effective December 31, 2021.

  • Evaluation Report means a report on the evaluation of tenders prepared under CSO 12

  • CMSA Historical Liquidation Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Historical Liquidation Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Credit report means any written, oral, or other communication of

  • Final Closing Statement has the meaning set forth in Section 2.5(d).

  • Operating Statement Analysis Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Verified Report means the report submitted by the Purchaser to the Head of the Purchaser setting forth its findings as to the existence of grounds or causes for termination and explicitly stating its recommendation for the issuance of a Notice to Terminate.

  • Acoustic Assessment Report means the report, prepared in accordance with Publication NPC-233 and Appendix A of the Basic Comprehensive User Guide,by HGC Engineering and dated August 22, 2008 submitted in support of the application, that documents all sources of noise emissions and Noise Control Measures present at the Facility and includes all up-dated Acoustic Assessment Reports as required by the Documentation Requirements conditions of this Certificate to demonstrate continued compliance with the Performance Limits following the implementation of any Modification.

  • Accountants’ Report means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Certification Practice Statement means a statement issued by a Certifying Authority to specify the practices that the Certifying Authority employs in issuing Digital Signature Certificates;

  • Appraisal report A report setting forth the fair market value of a Mortgaged Property as determined by an appraiser who, at the time the appraisal was conducted, met the minimum qualifications of FNMA and FHLMC for appraisers of conventional residential mortgage loans.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.