The Closing Statements definition

The Closing Statements shall contain GTA's best good faith estimate of the amounts of the items requiring prorations and adjustments pursuant to this SECTION 4.1 above. Tenant and Purchaser shall have the right to approve the Closing Statements, which approval shall not be unreasonably withheld or delayed. The amounts set forth on the Closing Statements shall be the basis upon which the prorations and adjustments provided for herein shall be made on the Closing Date. The net proration amount shown on the Closing Statements shall be paid, in cash, by Purchaser or Tenant, as the case may be, to the other on the Closing Date.
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Examples of The Closing Statements in a sentence

  • The Closing Statements shall be utilized for purposes of making the adjustments to the Purchase Price upon the Closing for closing costs and prorations.

  • The Closing Statements to be executed by Seller and Purchaser incident to the Closing of the transaction contemplated hereby.

  • The Closing Statements shall be prepared in accordance with the Accounting Principles.

  • The Closing Statements shall be final, binding and conclusive upon, and deemed accepted by, Seller unless Seller shall have notified Buyer in reasonable detail of any Seller objections thereto within 30 days after receipt of the Closing Statements (the "Seller Objection").

  • The Closing Statements will be subject to the reasonable approval of Vendor's auditors.

  • The Closing Statements shall contain GTA's best good faith estimate of the amounts of the items requiring prorations and adjustments pursuant to this SECTION 4.1 above.

  • The Closing Statements (including the Closing Balance Sheet) attached as Exhibit A hereto shall be deemed to be the Final Closing Statements (and Final Closing Balance Sheet) for purposes of Sections 5.10, 8.2 and 8.3 of the Agreement.

  • The Closing Statements shall be prepared on an accrual basis in accordance with GAAP applied in a manner consistent with Seller’s past practices, including in a manner consistent with the policies, methodologies and principles used by Seller to prepare the 2011 Financial Statements.

  • The Closing Statements shall have been delivered to Parent pursuant to Section 6.13(b) and Parent shall have confirmed in writing that such Closing Statements (as they may be modified pursuant to Section 6.13(b)(iii)) are acceptable to Parent, which confirmation and acceptance shall not be unreasonably withheld or delayed.

  • The Closing Statements shall be final, binding and conclusive upon, and deemed accepted by, Sellers unless Sellers’ Representative shall have, within 30 days after his receipt of the Closing Statements, notified Buyer in reasonable detail of any objections thereto, identifying the specific items involved and the dollar amount of each disagreement and providing reasonable supporting documentation for each such disagreement (the “Seller Objection”).