Final Net Current Assets definition
Examples of Final Net Current Assets in a sentence
The Estimated Net Current Assets proposed by Buyer, as adjusted by agreement of Seller and Buyer or finally determined by the Accountants, as applicable, to reflect the resolution of any timely objections made thereto by Seller in accordance with this paragraph, shall constitute the "Final Net Current Assets" and shall be binding on the parties hereto.
Buyer shall, at no cost to Seller, give Seller and its authorized Representatives reasonable access to such employees, officers and other facilities and such books and records of Buyer and its Affiliates as are reasonably necessary to allow Seller and its authorized Representatives to review the Closing Statement and the Final Net Current Assets.
Within ten (10) days after selection of the Accountants, Seller and Primary Purchaser shall each submit to the Accountants the dollar amount of its proposed adjustment, if any, to Seller’s Net Current Assets as reflected on the disputed Proposed Final Net Current Assets Statement, and the Accountants shall make their determination with respect to the items submitted to them within thirty (30) days of the appointment of such Accountants pursuant to this Section 7.1(c)(i).
The fees and disbursements of the CPA Firm shall be borne by Buyer and Seller in inverse proportion as they may prevail on matters resolved by the CPA Firm, which proportionate allocations shall also be determined by the CPA Firm at the time the determination of the CPA Firm is rendered on the Closing Statement or the Final Net Current Assets.
Seller and Buyer shall attempt in good faith to resolve any disagreements with respect to the Closing Statement or the Final Net Current Assets.
Such Proposed Final Net Current Assets Statement shall include a written statement in reasonable detail of any changes to the applicable Preliminary Net Current Assets Statement (or a statement that Seller is not proposing any such changes).
If Buyer does not receive the Objection within such thirty (30) day period, the Final Net Current Assets and the other amounts set forth on the Closing Statement delivered pursuant to Section 3.2(b) shall be deemed to have been accepted by Seller and shall become binding upon Seller.
Seller shall provide Primary Purchaser any information reasonably requested by Primary Purchaser in order to confirm any Proposed Final Net Current Assets Statement.
All Net Current Assets items set forth in the Final Net Current Assets Statements shall be final and binding upon all of the parties.
Such Proposed Final Net Current Assets Statement shall take into account all relevant financial data available through such date (taking into account settlements made in accordance with Section 7.1(b), and making any necessary corrections or revisions to the applicable Preliminary Net Current Assets Statement with respect to any Net Current Assets items).