Measuring Time definition
Examples of Measuring Time in a sentence
If, during the period between the -------------------------------- Measuring Time and the Closing Date, a Seller (i) discharges any liability, obligation or commitment that would constitute an Assumed Liability hereunder if it were not discharged as of the Closing Date or (ii) pays any amount for or with respect to any asset that constitutes an Acquired Asset, Purchaser will reimburse such Seller for the amount of the liability, obligation or commitment discharged or the amount of the payment made.
References to "Closing" will be changed to "Measuring Time" in Item II of Exhibit C.
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Within ninety (90) days following the Closing Date, Buyers shall prepare and deliver to the Sellers’ Representative a statement (the “Closing Statement”) setting forth Buyers’ calculation of (1) Net Working Capital as of the Measuring Time (the “Closing Working Capital”), (2) Closing Indebtedness, (3) Transaction Expenses, along with reasonable supporting detail to evidence the calculation of such amounts and (4) the value of the Purchase Price resulting therefrom.