Examples of Closing Net Worth Statement in a sentence
Seller shall prepare and --------------------------- deliver to Buyer within 45 days following the Closing Date a statement (the "Seller's Closing Net Worth Statement") reflecting the Sellers' determination of the Closing Net Worth.
The starting point for the Estimated Net Worth Statement and the Closing Net Worth Statement shall be a balance sheet of the Company as of the Net Worth Statement Time, prepared in accordance with SAP in effect as of the Net Worth Statement Time (in each case, a “Subsequent Reference Balance Sheet”) and applied in a manner consistent with the annual audited statutory financial statements of the Company as of and for the year ended December 31, 2017.
If the provisions of Section 2.08 -------------------- become operative, then the arbitrator shall be furnished with a copy of this Agreement, any amendments hereto, the Seller's Closing Net Worth Statement, Buyer's Letter, Seller's Letter and the Interim Balance Sheet.
If the Seller does not deliver a Seller's Letter to the Buyer within such 30-day period, the Seller's Closing Net Worth Statement, as adjusted by the Buyer's proposed adjustments set forth in Buyer's Letter, shall be determinative of the Closing Net Worth.
The Adjusted Statutory Net Worth for the Estimated Net Worth Statement and the Closing Net Worth Statement shall equal the “surplus as regards policyholders” shown in the corresponding Subsequent Reference Balance Sheet, adjusted to reflect the following additions and/or subtractions (as the case may be and as shown in the calculation below): 1.
In the event that Seller delivers a ----------------- Seller's Letter to Buyer pursuant to Section 2.06, the Sellers' Closing Net Worth Statement prepared by Seller pursuant to Section 2.04 will be modified by any adjustments set forth in Buyer's Letter and not objected to in Seller's Letter, agreed to by the Parties pursuant to Section 2.07 or determined by the Arbitrator pursuant to Section 2.10.
This really caused a slowdown in the data collection process and an increase in costs to the detriment of the researcher.The weakness of primary data is the cost and time spent on data collection.
For the avoidance of doubt, the parties acknowledge and agree that the Estimated Net Worth Statement and the Closing Net Worth Statement will each be calculated without giving effect to any purchase price accounting adjustment attributable to the consummation of the Acquisition or the Section 338(h)(10) Election.
Ross was appointed Chief Operating Officer of the Corporation on August 29, 2016.
The Estimated Net Worth Statement and the Closing Net Worth Statement shall be prepared and calculated as of the Net Worth Statement Time in the same manner as set forth herein for the Reference Net Worth Statement, except using figures and amounts calculated as of the Net Worth Statement Time.