Net Receivables Statement definition

Net Receivables Statement means an unaudited statement setting out the amount of the Net Receivables as at the Effective Time prepared in the same format as the pro forma Net Receivables statement set out in Part V (Pro Forma Net Receivables Statement) of Schedule 11 (Pro Forma Statements) as prepared and agreed or determined in accordance with Clause 6 (Post-Completion Adjustment).
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Net Receivables Statement shall have the meaning set forth in Section 2.3(a) hereof.
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Examples of Net Receivables Statement in a sentence

  • Promptly after the Inventory and Net Receivables Statement and the Statement of Assets and Liabilities (collectively, the "Closing Statements") are delivered to NetOptix pursuant to SECTION 3.3(a), NetOptix shall conduct an examination of the Closing Statements.

  • The Net Receivables Statement, which will be unaudited, shall be prepared and the valuations therein made on a basis consistent with the calculation of the Target Net Receivables.

  • Any such Notice of Disagreement shall specify those items or amounts as to which Purchaser disagrees, and Purchaser shall be deemed to have agreed with all other items and amounts contained in the Net Receivables Statement.

  • At the time of delivery of the Closing Net Receivables Statement, the Vendor shall also deliver to the Space Purchaser, a written statement setting forth the amount by which the Closing Net Receivables is greater than or less than CDN$1,169,700.

  • Purchaser shall assist Seller in the preparation of the Net Receivables Statement.

  • Promptly after the Inventory and Net Receivables Statement and the Statement of Assets and Liabilities (collectively, the "Closing Statements") are delivered to the Purchaser pursuant to SECTION 3.3(a), the Purchaser shall conduct an examination of the Closing Statements.

  • In connection therewith, the Independent Accounting Firm shall consider only those items or amounts in the applicable Net Receivables Statement as to which Purchaser has disagreed.

  • For the purpose of preparing the Closing Net Receivables Statement, the Purchasers agree to grant the Vendor's authorized representatives reasonable access during normal business hours to relevant records, facilities and personnel of the Purchasers.

  • The Independent Accounting Firm shall deliver to Seller and Purchaser, as promptly as possible, a report prepared and the valuations therein made on a basis consistent with the calculation of the Target Net Receivables and shall set forth therein its adjustments, if any, to the applicable Net Receivables Statement and the calculations supporting such adjustments.

  • If Purchaser agrees with the Net Receivables Statement, the Initial Payment shall be adjusted to the extent that the Net Receivables Statement is less than or greater than the Target Net Receivables.