Examples of Closing Net Indebtedness in a sentence
The Closing Net Indebtedness was based solely on estimates determined shortly prior to the closing and was not subject to any post-closing true-up or adjustment.
For the avoidance of doubt, amounts included in the determination of Closing Net Indebtedness, Closing Transaction Expenses and Pension Plan Purchase Price Adjustment shall be excluded from the determination of the Modified Working Capital.
Within ninety (90) days after the Distribution Date, SpinCo shall prepare and deliver to RemainCo a statement (the “ Net Indebtedness Statement ”), setting forth the Net Indebtedness of the SpinCo Business as of the close of business on the Distribution Date (“ Closing Net Indebtedness ”).
To the extent that the Closing Net Indebtedness is greater than or less than the Estimated Net Indebtedness, the Purchase Price shall be adjusted as described in Section 2.3(g) below.
For the avoidance of doubt, the Parent may solely deliver either a Closing Net Indebtedness Termination Notice or a Dispute Notice, but not both.