Initial Statement definition
Examples of Initial Statement in a sentence
The Initial Statement shall be submitted upon completion of the Review of the Using Agency’s Program.
The Initial Statement shall be prepared in accordance with the Agreed Valuation Principles.
If the Initial EBITDA Accountant determines in the Initial Statement that Initial EBITDA Amount is less than $310 million, ABI shall cause a payment equal to 9.3 times the absolute value of the difference between $310 million and the Initial EBITDA Amount, to be made to CBI within 30 days of the delivery of the Initial Statement by the Initial EBITDA Accountant (such amount, the “Preliminary Adjustment Amount”).
The Initial EBITDA Accountant shall prepare the Initial Statement as described herein and utilizing the definitions set forth herein.
If no Notice of Disagreement is received on or prior to the expiration date of the Adjustment Review Period, then the Initial Statement and the Initial EBITDA Amount set forth in the Initial Statement shall be deemed to have been accepted by both parties and shall become final and binding upon CBI and ABI in accordance with the last sentence of Section 1.4(f).