Closing Date Balance Sheet definition
Examples of Closing Date Balance Sheet in a sentence
Except as set forth on Schedule 3.1.5, each Group Company has, and at the Closing the Buyer will receive, good and marketable title to the assets used in the operation of the Group Companies’ business, included in the Closing Date Balance Sheet, free and clear of all Encumbrances other than Permitted Encumbrances.
All of the Dealerships’ inventory was acquired in the ordinary course of business and is in good condition and is usable and saleable in the ordinary course of the Dealerships’ business, except to the extent reserves have been established on the Closing Date Balance Sheet or the Reviewed Balance Sheet.
The Inventory Schedules shall form the basis of the Closing Date Balance Sheet (where applicable to the designated line items thereon), subject to any adjustments in connection with ▇▇▇▇▇’s sampling of the completed inventories following the Closing Date.
Within 30 days after receipt of the Closing Date Balance Sheet, Buyer shall: (a) review the Closing Date Balance Sheet in such manner as Buyer deems appropriate, consistent with the Accounting Principles and Section 1.4.1; and (b) deliver such reviewed Closing Date Balance Sheet with proposed adjustments thereto, if any (the “Reviewed Balance Sheet”), to Seller.
Seller shall, and shall cause each of the accountants and other representatives of Seller to, cooperate with Buyer, the Group Companies, and their representatives and allow Buyer, the Group Companies and their representatives to examine the work papers, schedules and other documents prepared by Seller and its accountants and representatives during the preparation of the Closing Date Balance Sheet.