Closing Calculation definition

Closing Calculation has the meaning ascribed thereto in Section 2.6.1;

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Closing Calculation has the meaning set forth in Section 1.3(b).

Closing Calculation means, in respect of a Business Day, the calculation of the Indices at the Fixing time.

Examples of Closing Calculation in a sentence

The Purchasers shall be permitted access to working papers relating to the Closing Calculation.
The amount of Losses shall be reduced by any allowance, provision or reserve in respect of and to the extent the matter giving rise to such Claim was included in the Closing Calculation and reflected in the Purchase Price, if any.
If no Objection Notice is made within the period and in the manner specified in the preceding sentence, or if the Purchasers and the Vendors’ Delegate confirm in writing that they accept the Closing Calculation prior to the end of such 45 day period, then the Closing Calculation shall be conclusive, final and binding on all the Parties without possibility of amendment or appeal and shall constitute the final Closing Calculation.

More Definitions of Closing Calculation

Closing Calculation means, in respect of a Business Day, the calculation which takes place at least 15 minutes after the settlement price of the corresponding underlying commodity asset of such Business Day is available.

Closing Calculation means, in respect of a Business Day, the calculation of the Indices at the Fixing time. “Fixing Time” means, in respect of each Business Day and each Index, 10:00 PM CET.

Closing Calculation has the meaning specified in Section 2.1(b).

Closing Calculation means, in respect of a Business Day, the calculation which takes place when the settlement price of the corresponding underlying future of such Business Day is published.

Closing Calculation has the meaning set forth in Section 4.1(d)(i).

Closing Calculation shall have the meaning set forth in Section 1.7 of the Agreement.

Closing Calculation means the AP minus Net AR, where: Net AR = the sum of Seller's accounts receivable as of the Closing on the Closing Date (other than Seller's income tax refunds receivable and Seller's accounts receivable under the PMC Agreement), as reflected on the Closing Balance Sheet ("Gross AR") minus the product of 5.5% multiplied by the Gross AR (the "Reserve"); and AP = the sum of the Assumed Liabilities as calculated on an accrual basis and as reflected on the Closing Balance Sheet plus the Accrued Vacation (as defined in Schedule 1.2).