Trading Statement definition

Trading Statement means the statement of Turnover and Gross Profit for the Relevant Earn-Out Period, which shall be drawn up in the form shown in Schedule 5, Part 2 and otherwise prepared and agreed in accordance with Schedule 5, Part 1 (Determination and confirmation of entitlement to Yearly Earn-Out);
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Examples of Trading Statement in a sentence

  • The Sellers shall be entitled to notify the Purchaser that they disagree with the calculations set out in the draft Trading Statement.

  • The draft Trading Statement as certified or amended by such independent firm of accountants shall be final and binding upon the Purchaser and the Sellers.

  • If the draft Trading Statement is disputed within 14 days of receipt thereof the Purchaser and the Sellers shall use all reasonable endeavours to resolve the matters in dispute, failing which the matter shall be referred to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ UK LLP and the Company Accountant and Tax Consultant, who shall jointly endeavour to determine the matter or matters in dispute.

  • If no written notification is received by the Purchaser from the Sellers within 14 days of delivery of the draft Trading Statement the draft Trading Statement shall be deemed to have been agreed between the parties.

  • Subject to Paragraph 3 below, the Turnover and Average Gross Margin for the Relevant Earn-Out Period and (in the case of Turnover) for the 12-month period preceding the Relevant Earn-Out Period shall be as set out in the Trading Statement, a draft of which shall be prepared by the Purchaser and delivered to the Sellers as soon as practicable after (and in any event within 5 Business Days of) the Company’s accounts for that period having been signed by the Company Accountant and Tax Consultant.

  • The Trading Statement for the Relevant Earn-Out Period shall be prepared in accordance with the Relevant Accounting Standards and using the accounting principles, evaluation rules and procedures, methods and bases adopted by the Company in the Financial Year immediately prior to the preparation of such statement.

Related to Trading Statement

  • Billing Statement has the meaning assigned to such term in Section 2.18(g).

  • Listing Statement means this listing statement of the Corporation, including the schedules hereto, prepared in support of the listing of the Common Shares on the CSE.

  • Offering Statement means the offering statement on Form 1-A (File No. [_________]) filed by the Company with the Commission on [_________], and the offering circular filed pursuant to Rule 253(g)(2) of the Securities Act on [_________], pursuant to which the Company has qualified for sale a maximum of $50,000,000 of its Common Shares under Regulation A of the Securities Act, as such offering statement may be amended or supplemented from time to time, or such other offering statements that the Company may qualify or register under the Securities Act from time to time.

  • Filing Statement means this filing statement, together with all appendices attached hereto and including the summary hereof;

  • Filing Statements is defined in Section 5.1.13.