Final Statement definition
Examples of Final Statement in a sentence
All billed and unbilled accounts receivable reflected in the Final Statement, net of the associated allowance for doubtful accounts, and, to the Knowledge of the Sellers, are fully collectible within three hundred and sixty-five (365) days after the date hereof and payable at their face amounts.
Seller shall prepare a draft prorations schedule to be delivered to Purchaser no later than five (5) business days prior to the Closing Date and the Closing shall occur and a preliminary closing statement, which prorations shall remain subject to further agreement and finalization per the preparation of the Final Statement (as defined below) shall be signed by Seller and Purchaser.
Within five Business Days after the Final Statement becomes final, Purchaser shall deliver a written notice to the Sellers Representative setting forth the reduced balance of the Buyer’s Credit after giving effect to such application, which notice shall, without any further action by any Party, constitute an amendment to the Sand Supply Agreement to reflect such reduced balance.
In the event that neither Purchaser nor the Sellers Representative timely delivers an Adjustment Statement in accordance with this Section 2.4(a), the estimates and calculations set forth in the Estimated Closing Statement shall be deemed final, conclusive and binding upon the Parties and the Estimated Closing Statement shall be deemed to be the Final Statement, in each case for all purposes of this Agreement.
Purchaser will prepare and deliver to Seller for its review and approval a statement of prorations (the “Final Statement”) within one hundred twenty (120) days following the Closing Date, and the party in whose favor the original incorrect adjustment or error was made (“Adjusting Party”) shall pay to the other party (“Requesting Party”) the sum necessary to correct such prior incorrect adjustment or error within ten (10) business days after completion of the Final Statement.