Examples of Draft Adjustment Report in a sentence
The Purchaser shall deliver the Closing Date Balance Sheet and the Draft Adjustment Report to the Seller within such 30 day period after the Closing Date.
The Purchaser shall deliver the Closing Date Balance Sheet and the Draft Adjustment Report to the Seller within such ninety (90) day period after the Closing Date.
During the fifteen (15) day period after the Seller’s receipt of the Draft Adjustment Report, the Seller and Parent shall cooperate with each other to resolve any disagreements between them with respect to the Draft Adjustment Report.
If the Seller fails to deliver timely notice of its objection to the Closing Date Balance Sheet or the Net Asset Adjustment as set forth in the Draft Adjustment Report, then the Draft Adjustment Report shall be deemed to be the Adjustment Report, and the Net Asset Adjustment set forth therein shall be conclusive and binding upon the Purchaser and the Seller and shall have the effect of adjusting the Cash Consideration as set forth therein.
In resolving any disputed item, the Arbiter may not assign a value to such item greater than the greatest value for such item claimed by either party in the Closing Date Balance Sheet, Draft Adjustment Report or Objection Notice or less than the lowest value for such item claimed by either party in the Closing Date Balance Sheet, Draft Adjustment Report or Objection Notice.
For purposes of the Arbiter’s determination, the amounts to be included shall be the appropriate amounts from Schedule 4.1 or the Draft Adjustment Report, as the case may be, as to items that are not in dispute, and the amounts determined by the Arbiter, as to items that are submitted for resolution by the Arbiter.
The matters in dispute shall be determined by a nationally recognized independent public accounting firm mutually satisfactory to the Purchaser and the Seller (the "Arbiter"), and the Purchaser and the Seller shall promptly deliver to the Arbiter the Closing Date Balance Sheet, the Draft Adjustment Report and Seller's Objection Notice.
The matters in dispute shall be determined by a nationally recognized independent public accounting firm mutually satisfactory to Parent and the Seller (which accounting firm shall not be the current or former auditors of either Parent or the Seller) (the “Arbiter”), and Parent and the Seller shall promptly deliver to the Arbiter Schedule 4.1, the Draft Adjustment Report and Seller’s Objection Notice.
Parent shall deliver the Draft Adjustment Report to the Company and to Rose (who for purposes of this Section 4 shall be collectively referred to as “Seller”) within such 30-day period after the Closing Date.
If the Seller fails to deliver timely notice of its objection to the Net Asset Adjustment as set forth in the Draft Adjustment Report, then the Draft Adjustment Report shall be deemed to be the Final Adjustment Report, and the Net Asset Adjustment set forth therein shall be conclusive and binding upon Parent and the Seller and shall have the effect of adjusting the Parent Common Stock subject to the Escrow Agreement as provided below.