Closing Working Capital Statement definition
Examples of Closing Working Capital Statement in a sentence
After receipt of the Closing Working Capital Statement, Seller shall have thirty (30) days (the “Review Period”) to review the Closing Working Capital Statement.
The Independent Accountant shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after their engagement, and their resolution of the Disputed Amounts and their adjustments to the calculation of Closing Working Capital and/or the Closing Working Capital Statement and shall be conclusive and binding upon the parties hereto.
On or prior to the last day of the Review Period, Seller may object to the Closing Working Capital Statement by delivering to Buyer a written statement setting forth Seller’s objections in reasonable detail, indicating each disputed item or amount and the basis for Seller’s disagreement therewith (the “Statement of Objections”).
If Seller fails to deliver the Statement of Objections before the expiration of the Review Period, the calculation of Closing Working Capital reflected in the Closing Working Capital Statement shall be deemed to have been accepted by Seller.