Draft Combined Closing Statement means a draft combined closing statement reflecting and aggregating all transactions under the Exchange Agreements, the applicable portions of which will be prepared by First Community, as Seller under this Agreement and First Bank, as Seller under the Reciprocal Agreement, in a form mutually agreed to by the parties, which shall be initially prepared as of the close of business on the fifth (5th) Business Day preceding the Closing Date, and delivered to the other party on the third (3rd) Business Day preceding the Closing Date and which shall be subsequently updated as of the close of business on the third (3rd) Business Day preceding the Closing Date, and delivered to the other party on the Business Day prior to the Closing Date, in each case setting forth each Seller’s reasonable estimated calculation of both the Purchase Price and the Estimated Payment Amount.

Draft Combined Closing Statement means a draft combined closing statement reflecting and aggregating all transactions under the Exchange Agreements, the applicable portions of which will be prepared by First Bank, as Seller under this Agreement and First Community, as Seller under the Reciprocal Agreement, in a form mutually agreed to by the parties, which shall be initially prepared as of the close of business on the fifth (5th) Business Day preceding the Closing Date, and delivered to the other party on the third (3rd) Business Day preceding the Closing Date and which shall be subsequently updated as of the close of business on the third (3rd) Business Day preceding the Closing Date, and delivered to the other party on the Business Day prior to the Closing Date, in each case setting forth each Seller’s reasonable estimated calculation of both the Purchase Price and the Estimated Payment Amount.

Examples of Draft Combined Closing Statement in a sentence

The amount of such payment shall be reflected on the Draft Combined Closing Statement and the Final Combined Closing Statement.
At Closing, Purchaser shall pay to Seller one-half of such aggregate amount and such payment shall be reflected on the Draft Combined Closing Statement and the Final Combined Closing Statement.
All other provisions of this Agreement notwithstanding, such payments due under Section 3.2(a) of this Agreement and the Reciprocal Agreement shall be offset against each other pursuant to the Draft Combined Closing Statement, with one aggregate payment taking into account amounts due thereunder with respect to the Exchange as applicable by one party to the other.

Related to Draft Combined Closing Statement

Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.
Pre-Closing Statement has the meaning set forth in Section 2.4(a).
Final Closing Statement has the meaning set forth in Section 2.4(a).
Post-Closing Statement has the meaning set forth in Section 3.3(c).
Preliminary Closing Statement shall have the meaning set forth in Section 2.3(a).
Closing Statement has the meaning set forth in Section 2.5(a).
Estimated Closing Statement has the meaning set forth in Section 2.4(a).
Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).
Closing Financial Statements has the meaning set forth in Section 6.22.
Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.
Buyer Closing Certificate has the meaning set forth in Section 7.03(d).
Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).
Earn-Out Statement has the meaning set forth in Section 2.5(c).
Preliminary Settlement Statement shall have the meaning given such term in Section 3.2.
Seller Closing Certificate has the meaning set forth in Section 7.02(d).
Final Working Capital Statement has the meaning set forth in Section 2.04.
Settlement Statement has the meaning set forth in Section 3.2(a).
Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).
Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.
Pre-Closing Tax Return has the meaning set forth in Section 7.1(a).
Merger Closing Date the Closing Date (as defined in the Merger Agreement).
Working Capital Statement has the meaning set forth in Section 2.3(a).
Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.
Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.
Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.
Adjustment Statement has the meaning set forth in Section 2.6(a).

Draft Combined Closing Statement definition

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