Closing Balance Sheet definition
Examples of Closing Balance Sheet in a sentence
PURCHASE PRICE ADJUSTMENT 33 Section 3.1. Purchase Price 33 Section 3.2. Certain Adjustments 33 Section 3.3. Closing Balance Sheet; Schedule of Adjustments 34 ARTICLE IV.
The failure of the Seller Representative to submit a Dispute Notice to Purchaser within such 30-day period (as the same may be extended pursuant to the immediately preceding sentence) shall be deemed acceptance of the Closing Balance Sheet as well as the calculation of Closing Working Capital, Closing Cash, Company Transaction Expenses, Closing Indebtedness, the KMC Closing Payment and the Schedule of Adjustments.
The Seller Representative and its accountants will have reasonable access during normal business hours and upon reasonable notice to the books, records, work papers and other financial information of the Company related solely to the preparation of the Closing Balance Sheet, the calculation of Closing Working Capital, Closing Cash, Company Transaction Expenses, Closing Indebtedness, the KMC Closing Payment and the Schedule of Adjustments.
If Purchaser fails to deliver the Closing Balance Sheet and the Schedule of Adjustments within such period, Purchaser shall be deemed to have agreed to the calculations set forth in the Estimated Closing Statement Certificate prepared by the Company and such Estimated Closing Statement Certificate and the calculations set forth therein shall be considered final.