Draft Completion Accounts means a statement of assets and liabilities for the Company as at the Effective Time, in the form and with the line items set out in Part B of Schedule 4 (Completion Accounts) and which has been prepared in accordance with Part A of Schedule 4 (Preparation of Completion Accounts);

Draft Completion Accounts has the meaning given in Paragraph 1.1 of Part A of Schedule 8 (Completion Accounts);

Draft Completion Accounts has the meaning given to that term in Part 1 of Schedule 6;

Examples of Draft Completion Accounts in a sentence

The Purchaser shall exercise reasonable commercial endeavours to provide all assistance as the Vendor may request for giving such information and assistance to the Vendor for the purposes of preparing the Draft Completion Accounts.
The Purchaser shall then procure that the Draft Completion Accounts shall be audited by the Company’s Auditors in accordance with the provisions of this Schedule 5 and shall request that the Company’s Auditors audit the Draft Completion Accounts within 20 Business Days of their receipt of the same.
Immediately on council of future Draft Completion Accounts the Seller shall.
Either party may dispute the Draft Completion Accounts and/or Draft Adjustment Statement by giving notice (in this Schedule 5 the “Notice”) in writing to the other party within 10 Business Days of receiving the Draft Completion Accounts and Draft Adjustment Statement.

More Definitions of Draft Completion Accounts

Draft Completion Accounts means the draft Completion Accounts prepared by the Buyer in accordance with paragraph 2.1 of this Schedule 6;

Draft Completion Accounts has the meaning given in Paragraph 4.1;

Draft Completion Accounts has the meaning given in Clause 7.1(a);

Draft Completion Accounts a draft of the Completion Accounts prepared in accordance with the requirements of this Schedule. Expert: a person appointed in accordance with paragraph 3 of Part 1 of this Schedule to resolve any dispute arising in the preparation of the Completion Accounts. UK GAAP: generally accepted accounting principles applied in the UK, incorporating Statements of Standard Accounting Practice, Financial Reporting Standards and Urgent Issues Task Force Abstracts issued by the Accounting Standards Board, in each case as in force at the date of this agreement. 101

Draft Completion Accounts means a summary consolidated balance sheet for the Group as at the Effective Time in the format set out in Part A of Schedule 3, to be US 171550818 prepared in accordance with Schedule 2 and on the basis of, and in accordance with, the Accounting Policies;

Draft Completion Accounts has the meaning given in paragraph 1 of Part A of Schedule 6; “Effective Time” has the meaning given in paragraph 2 of Part C of Schedule 6; “Employee Shareholders” means each and every person who will hold Shares immediately after Completion, excluding the Investor; “Employment Condition” means the condition listed in paragraph 8 of Schedule 5; “Estimated Tangible Book Value” means US$35,000,000; “Existing Shareholder” means any person who is or was a shareholder of the Company at any time during the period from the date of this Agreement to (but excluding) Completion; “Expert” has the meaning given in paragraph 10(b) of Part A of Schedule 6; “FAL” has the meaning given in the Interim FAL Provision Agreement; 7

Draft Completion Accounts has the meaning given to it in paragraph 1.1 of Part 3 (Preparation, Delivery and Agreement) of Schedule 10 (Completion Accounts).