Effective Balance definition
Examples of Effective Balance in a sentence
Seller and Purchaser shall attempt in good faith to resolve any disagreement for a period of 30 days following the date of the Notice and develop an Effective Balance Sheet.
The Purchase Price Adjustment shall be equal to any difference in Working Capital between the Seller Balance Sheet and the Effective Balance Sheet.
You hereby release and agree to hold harmless Clever Phone from and against any damages or liabilities of any kind related to such limitation of service when Effective Balance or Account Balance is negative.
When Effective Balance is negative the service will be limited including without limitation calls to new participants of a call campaign or a conference call or API requests will be terminated.
The liability for Transaction Taxes shall not be reflected on the Seller Balance Sheet, the Purchaser Balance Sheet or the Effective Balance Sheet.
The Arbitrator shall render its decision with respect to such matters within 20 days after such matters are submitted to the Arbitrator and deliver the Effective Balance Sheet to Purchaser and Seller at such time.
All of the fixed assets and properties listed on the Stonehouse Balance Sheet and the Effective Balance Sheet and thereafter acquired are in good operating condition and are free from any material defect.
In the case of any Advance or Issuance requested to be made, after giving effect thereto, the Effective Balance shall not exceed (i) the maximum amount of Revolving Credit Facility Advances permitted under Section 2.2(a) for the Revolving Credit Facility and (ii) the Maximum Term Loan Amount for the Term Loan.
As soon as practicable after the delivery of the Effective Balance Sheet, Buyer shall deliver to Seller a revised allocation, which revised allocation shall be reasonably consistent with the principles of the allocation set forth in the exhibit to be attached hereto as determined by Buyer in its good faith discretion.
If the Effective Balance Sheet is not considered final and mutually agreed to on the Closing Date, the Buyer shall adjust for any undisputed amount with the disputed difference held as pursuant to Section 2.3.1.