Final Net Working Capital Statement definition
Examples of Final Net Working Capital Statement in a sentence
If TAT does not provide an Objection Notice to Buyer within such 30-day period, such Final Effective Date Balance Sheets and Final Net Working Capital Statement will be final, conclusive and binding on the parties.
Upon the agreement of Moog and Kaydon or the decision of the Arbitration Firm, the Final Net Working Capital Statement will be final, conclusive and binding on the parties.
Parent shall, without duplicating Parent’s indemnity obligation under Section 8.11, pay (or cause to be paid) to Buyer not less than five Business Days prior to the due date of any such Tax Return all Taxes shown as due on such Tax Returns, except to the extent such Taxes are shown as a reserve on the Final Net Working Capital Statement.
The Arbitration Firm shall only consider those items and amounts set forth on the Final Net Working Capital Statement as to which Moog and Kaydon have disagreed within the time period specified above and must resolve the matter in accordance with the terms and provisions of this Agreement.
An Objection Notice must describe in reasonable detail the line item calculations contained in the Final Effective Date Balance Sheets and/or the Final Net Working Capital Statement with which TAT disagrees and must briefly describe the basis for any such disagreement.