Examples of Closing Debt in a sentence
The Base Purchase Price shall be reduced, at Closing, by $1.00 for each $1.00 of Debt reflected on the Company's Closing Balance Sheet (the "Closing Debt Amount").
Promptly following the Closing and in order to verify the accuracy of the adjustment made at Closing, the Purchaser agrees to cause the internal accounting staff and the independent certified public accountant of the Purchaser (the "Accountants") to verify the Closing Debt Amount.
Although these norms have diffused and countries have adopted new policies and ratified international treaties, this does not mean that the norms have been localized.
Seller shall cause the Recipients to include amounts and Persons necessary to irrevocably defease or repay all Closing Debt in accordance with Section 3.02(c).
The determination of the Closing Debt Amount by the Accountants shall be conclusive and binding upon the parties hereto unless the Sellers shall object to the Accountants' CDA Report within fifteen (15) days following their receipt of the Accountants' CDA Report.