Closing Financial Certificate means a certificate of the Company, certified as accurate and complete by the chief executive officer of the Company and dated as of the Closing Date, (i) attaching the Company’s balance sheet as of the Closing, (ii) stating that the Company has at least $2,000,000 in unrestricted cash as of the Closing and providing reasonable evidence thereof, (iii) stating that the Company does not have any Debt outstanding on the Closing and (iv) stating that the Company does not have any unpaid Transaction Expenses as of the Closing.
Closing Financial Certificate shall have the meaning set forth in Section 2.6(a)(iii).
Closing Financial Certificate shall have the meaning specified in Section 7.17.
Examples of Closing Financial Certificate in a sentence
Without limiting the foregoing or Section 5.7, the Company shall provide to Acquirer, together with the Company Closing Financial Certificate and the Spreadsheet, such supporting documentation, information and calculations as are reasonably necessary for Acquirer to verify and determine the calculations, amounts and other matters set forth in the Company Closing Financial Certificate and the Spreadsheet.
The Company shall prepare and deliver to Acquirer a draft of each of the Company Closing Financial Certificate and the Spreadsheet not later than five Business Days prior to the Closing Date and a final version of the Company Closing Financial Certificate and the Spreadsheet to Acquirer not later than three Business Days prior to the Closing Date.
The Company shall have delivered to Buyer the duly executed Closing Financial Certificate.
The Head of Public Protection and Licensing confirmed to a Member that the entirety of the pavement was public highway and the drainage grill did not indicate a border of ownership.
In the event that Acquirer notifies the Company that there are reasonably apparent errors in the drafts of the Company Closing Financial Certificate and the Spreadsheet, Acquirer and the Company shall discuss such errors in good faith and the Company shall correct such errors prior to delivering the final versions of the same in accordance with this Section 5.13.
More Definitions of Closing Financial Certificate
Closing Financial Certificate means a certificate prepared in good faith, in relation to the Target Group dated as of the Closing Date and executed by the Sellers (without personal liability and on behalf of the Sellers) setting forth the Closing Financial Estimate, in the form of Exhibit E.
Closing Financial Certificate means a certificate executed on behalf of the Company by the Chief Financial Officer of the Company, dated as of the Closing Date, certifying: (A) the amount of Company Closing Cash; (B) the amount of Company Closing Debt; (C) the amount of Company Net Working Capital; (D) the amount of Company Net Working Capital Shortfall or Company Net Working Capital Surplus, as applicable; and (E) the Aggregate Exercise Price.
Closing Financial Certificate as defined in Section 2.4(a)(viii).
Closing Financial Certificate means a certificate of the Company, certified as true, correct and complete by the chief executive officer and the chief financial officer of the Company and dated as of the Closing Date, setting forth the Company’s calculation of (i) the Closing Indebtedness Amount (including an itemized list thereof, the Person to whom such payment is to be made, whether it is to be paid at the Effective Time and, if it is not to be paid at the Effective Time, when it is due), (ii) the Unpaid Transaction Expenses (including an itemized list thereof, the Person to whom such payment is to be made, whether it is due as of the Closing and, if it is not due as of the Closing, when it is due), (iii) the Unpaid Pre-Closing Taxes (including an itemized list thereof, the Person to whom such payment is to be made, whether it is due as of the Closing and, if it is not due as of the Closing, when it is due), (iv) the Unpaid Wage Obligations (including an itemized list thereof, the Person to whom such payment is to be made, whether it is due as of the Closing and, if it is not due as of the Closing, when it is due), (v) the Closing Cash Amount, (vi) the Paid Audit Expense Amount (including an itemized list thereof, the Person to whom such payment is to be made, whether it is due as of the Closing and, if it is not due as of the Closing e, when it is due) and (vii) the Aggregate Exercise Price. The Closing Financial Certificate shall be used for purposes of calculating the Base Cash Consideration, it being acknowledged and agreed that its use therefor shall not affect, in any manner whatsoever, any Indemnified Party’s right to indemnification, compensation or reimbursement pursuant to Section 10.2 if any of the information on the Closing Financial Certificate is not accurate or complete, including if any amounts set forth thereon or omitted therefrom resulted in the Base Cash Consideration being higher than it otherwise would have been absent such error.
Closing Financial Certificate means a certificate executed by the Chief Financial Officer of the Company, dated as of the Closing Date, certifying (A) the amount of Estimated Company Closing Cash; (B) the amount of Estimated Company Closing Debt; (C) the amount of the Estimated Company Net Working Capital; (D) the amount of the Estimated Company Net Working Capital Shortfall or Estimated Company Net Working Capital Surplus, as applicable; (E) the Aggregate Exercise Price; and (F) the Estimated Company Merger Expenses.
Closing Financial Certificate means a certificate executed by the Chief Financial Officer of the Company dated as of the Closing Date and delivered within 14 days after the Closing Date, certifying (A) the amount of Company Closing Assets and the amount of Company Closing Liabilities (with the presentation of Company Closing Assets and Company Closing Liabilities being made according to the line items for assets and liabilities as are set forth on the Company Balance Sheet), and (B) the amount of Banker Merger Expenses and the amount of Merger Expenses which are not Banker Merger Expenses. The Closing Financial Certificate shall include a representation of the Company, certified by the Chief Financial Officer of the Company, that such certificate includes all of the Company Closing Assets, all of the Company Closing Liabilities, and all of the Merger Expenses paid or payable at any time prior to, at or following the Closing Date, it being the expressed intent of the Company and Acquiror that to the maximum extent possible all the Banker Merger Expenses be deducted in the calculation of the Total Merger Consideration and that there be no Indemnifiable Merger Expenses.
Closing Financial Certificate means a certificate executed by the Chief Executive Officer of the Company, dated as of the Closing Date, certifying the Company’s best reasonable estimate, made in good faith and with latest records available: (i) the amount of the Company Closing Cash;(ii) the amount of the Company Closing Debt; and (iii) the amount of the Company Closing Net Working Capital.