Closing Date Statement definition
Examples of Closing Date Statement in a sentence
Within 10 days after the Accounting Firm is appointed, the Buyer shall forward a copy of the Closing Date Statement to the Accounting Firm, and the Seller shall forward a copy of the Dispute Notice to the Accounting Firm, together with, in each case, all relevant supporting documentation (with a copy thereof to the other Party).
If the Seller does not deliver a Dispute Notice to the Buyer during the Review Period, then the Buyer’s calculation of the amounts set forth in the Closing Date Statement shall be final, binding and conclusive on the Parties.
Following the delivery of the Closing Date Statement by the Buyer hereunder, the Buyer shall not be permitted to deliver a subsequent Closing Date Statement; provided, however, that any component of the Closing Date Statement prepared by Buyer that is affected by any of the Seller’s proposed adjustments in a Dispute Notice may be revised by ▇▇▇▇▇.
In resolving the Unresolved Disputed Items, the Accounting Firm shall apply the provisions of this Agreement concerning determination of the amounts set forth in the Closing Date Statement.
The Accounting Firm’s role shall be limited to resolving the Unresolved Disputed Items by determining the correct calculations to be used to resolve such Unresolved Disputed Items, and the Accounting Firm shall not make any other determination, including any determination as to whether any other items on the Closing Date Statement are correct or whether the Target Net Working Capital is correct.