Examples of Working Capital Closing Statement in a sentence
Sellers agree to cooperate, and shall not interfere, directly or indirectly, in the preparation of the Closing Date Balance Sheet and the Working Capital Closing Statement.
SemStream shall have a period of thirty (30) days following its receipt of the Net Working Capital Closing Statement and related worksheet to provide written notice of its objection to the Net Working Capital Closing Statement or the related worksheet (which notice shall state the basis for SemStream’s objection).
Buyer shall give Sellers and their representatives reasonable access to all work papers, books, records, employees and facilities of Buyer that are reasonably necessary for purposes of reviewing, verifying and auditing the Closing Date Balance Sheet and the Working Capital Closing Statement.
The Working Capital Closing Statement shall be prepared based on the books and records of NNGC as of the Closing Date, and Sellers shall grant Buyer, NNGC and their representatives reasonable access to all books, records, employees and facilities of Sellers that are reasonably necessary to enable Buyer to prepare the Closing Date Balance Sheet and the Working Capital Closing Statement.
No later than forty-five (45) days following the Closing, NGL Subsidiary shall deliver to SemStream the Net Working Capital Closing Statement, together with a worksheet showing the difference, if any, between the Net Working Capital reflected therein and the Net Working Capital Threshold.
The Closing Date Balance Sheet and the Working Capital Closing Statement, respectively, shall be prepared on a basis consistent with the Current Balance Sheet and the EWCA Statement, respectively, using the same accounting methods, policies, practices, procedures and adjustments as were used in the preparation of the Current Balance Sheet and the EWCA Statement, respectively.
Subject to subsection (iii) below, three (3) Business Days prior to the Closing, SemStream shall deliver to NGL Subsidiary a good faith estimate of the Net Working Capital Closing Statement (“Estimated Net Working Capital”) as of the Calculation Date.
NGL Subsidiary shall, at the Closing, assume, agree to perform, and, when due, pay and discharge, all the Liabilities of SemStream to the extent attributable to the Business (including all Liabilities reflected on the Net Working Capital Closing Statement), other than the Excluded Liabilities (the “Assumed Liabilities”).
Parent shall have received payoff letters in customary form satisfactory to Parent (specifying effectiveness upon receipt of payment) with respect to all Company Transaction Costs, executed by each of the Persons to whom such amounts are owed and certifying full satisfaction of any amounts due (which amounts shall not exceed the amounts set forth in the Working Capital Closing Statement) as of the Closing Date.
The Net Working Capital Closing Statement shall contain line item detail comparable to the balance sheet included in the most recent Financial Statements with respect to the components of the Net Working Capital of SemStream as of the Calculation Date.