Seller’s Closing Date Statement definition

Seller’s Closing Date Statement means the statement which contains a description, acquisition cost and market value (as of the Closing Date) for each Asset owned by PMACIC, PMA RE or HMR as of the Closing Date, except for (i) Investment Assets and (ii) insurance and reinsurance liabilities that are properly reserved for in the PMACIC Financial Statement or HMR Financial Statement, as applicable.

Examples of Seller’s Closing Date Statement in a sentence

  • At the Closing, the Companies will own all rights, title and interest in all of the Assets reflected in the Seller’s Closing Date Statement free and clear of any Liens, subject only to Liens on statutory deposits with state insurance departments.

Related to Seller’s Closing Date Statement