Initial Closing Statement definition
Examples of Initial Closing Statement in a sentence
With respect to each disputed matter, such determination, if not in accordance with the position of either Party, shall not be outside the band of the amount in dispute established by the Initial Closing Statement as compared to the Notice of Disagreement with respect to such disputed matter, and such determinations shall be set forth in a written statement setting forth in reasonable detail the basis for the Independent Accounting Firm’s determination with respect to each disputed matter.
Parent shall notify Buyer in writing no later than sixty (60) days after ▇▇▇▇▇▇’s receipt of the Initial Closing Statement if Parent disagrees with the Initial Closing Statement, which notice shall describe the basis for such disagreement (the “Notice of Disagreement”).
The Initial Closing Statement shall be prepared in good faith in accordance with the applicable provisions of this Agreement and the Accounting Principles.
If a Notice of Disagreement is delivered to Buyer within such period, then only such portions of the Initial Closing Statement that Parent does not identify or disagree with in the Notice of Disagreement shall become final and binding upon the Parties in accordance with this Section 2.4(c).
If no Notice of Disagreement is delivered to Buyer within such period, then the Initial Closing Statement shall become final and binding upon the Parties in accordance with this Section 2.4(c).