Examples of Preliminary Closing Statement in a sentence
Based on each of the Party’s reasonable comments, if any, regarding the Preliminary Closing Statement, Escrow Agent shall revise the Preliminary Closing Statement and each of the Parties shall, subject to its reasonable approval, deliver a final closing statement to Escrow Agent as set forth in Article 3 (the “Closing Statement”).
The net amount due Seller or Purchaser, if any, by reason of adjustments to the Preliminary Closing Statement as shown in the Final Closing Statement, shall be paid in cash by the party obligated therefor within ten (10) days following the date of the Final Closing Statement.
To the extent that Prepaid Expenses have been accrued and not paid by Seller or prepaid by customers prior to the Closing Date, they shall appear as a Liability on the Preliminary Closing Statement and the Final Closing Statement.
The Preliminary Closing Statement shall be in substantially the same form as Exhibit “D” attached hereto.
The Preliminary Closing Statement shall reflect each adjustment and the calculation used to determine such amount.