Examples of Deferred Revenue Amount in a sentence
At least ten (10) Business Days prior to entry of the Sale Order, Seller shall deliver to Purchaser a written statement setting forth a good faith calculation of the Adjusted Deferred Revenue Amount as of the Closing (the “Pre-Closing Statement”), together with copies of all Seller records and work papers based upon which the Adjusted Deferred Revenue Amount was calculated.
From the date the Pre-Closing Statement is delivered to Purchaser until the entry of the Sale Order, each of Seller and Purchaser agrees to meet in good faith to resolve by mutual agreement any discrepancy as to the Adjusted Deferred Revenue Amount.
If Seller notifies Buyer of its agreement with any items in the calculation of Net Working Capital or the Deferred Revenue Amount, such items will be conclusive and binding on the Parties immediately upon such notice.
The Closing Report and the calculation of Net Working Capital, the Deferred Revenue Amount and the Initial Purchase Price, as finally determined pursuant to this Section 2.7, will constitute the “Final Closing Report,” “Final Net Working Capital,” “Final Deferred Revenue Amount” and “Final Initial Purchase Price,” respectively, for purposes of this Agreement.
If Seller fails to notify Buyer of any disputes within the Review Period, the Closing Report (including the calculation of Net Working Capital, the Deferred Revenue Amount and the Initial Purchase Price reflected therein) will be conclusive and binding on the Parties upon the expiration of the Review Period.