Closing Statements definition
Examples of Closing Statements in a sentence
If the Vendor Group acting in good faith disputes any matters set out in the Closing Statements, then the Vendor Group may deliver written notice (an “Objection Notice”) to the Purchaser within the Review Period setting forth in detail the particular matters in the Closing Statements to which the Vendor Group objects (the “Disputed Items”).
The Purchaser and the Vendor Group shall each be allowed one opportunity to respond to the submissions of the Purchaser and the Vendor Group, as the case may be, within 10 Business Days of the receipt of such submissions from the Closing Statements Dispute Auditor.
During the Review Period, the Purchaser will cause the Company to provide the Vendor Group and its authorized Representatives with reasonable access, during normal business hours, to the personnel and financial Books and Records in the possession or control of the Company for the purpose of enabling the Vendor Group to review the Closing Statements.
The Closing Statements Dispute Auditor’s decision, absent any fraud or manifest error or prior agreement of the Purchaser and the Vendor Group otherwise, shall be final and binding on the Purchaser and the Vendor Group with no rights of challenge, review or appeal to the courts in any manner.
If the Purchaser and the Vendor Group fail to agree upon the Closing Statements Dispute Auditor within such period, either may apply to a court of competent jurisdiction to appoint the Closing Statements Dispute Auditor.