Completion Statement. 7.1 As soon as possible after the Completion Date the Vendor shall prepare and the Vendor and the Purchaser shall jointly instruct the Vendor's Accountants to certify a statement (the "Completion Statement") for the purposes of calculating and certifying the net amount payable on the Final Payment Date on the basis of such calculation. The parties will respectively endeavour to procure that any information reasonably required by the Vendor's Accountants will be made available to enable the said certification to be completed.
7.2 For the purpose of calculating the net amount payable described in sub-Clause 7.1, the Completion Statement shall be prepared in accordance with the principles set out in Schedule 3 and the Vendor's Accountants shall issue a certificate with respect thereto jointly addressed to each of the Vendor and the Purchaser. The Vendor and the Purchaser shall each afford every assistance and use all reasonable endeavours to ensure that the Completion Statement shall be prepared and delivered to the Vendor and the Purchaser as soon as possible after the Completion Date.
7.3 Subject to Clause 7.4, the certificate of the Vendor's Accountants referred to in sub-clause 7.1 as to the net amount payable pursuant to the Completion Statement shall be binding on the parties hereto and the amount due shall be paid by the relevant party on the Final Payment Date by CHAPS and/or other electronic means giving immediate value.
7.4 The Purchaser shall notify the Vendor in writing within 14 business days of receiving the Completion Statement either that it approves the Completion Statement, or that it does not so approve it together with written details of the matters relating to the Completion Statement which it disputes.
7.5 Any matter which the Purchaser shall dispute may be referred for final settlement to a chartered accountant nominated jointly by the Vendor and the Purchaser or, failing such nomination within 14 days after the request of either of those parties to the other, nominated at the request of either of those parties by the President for the time being of the Institute of Chartered Accountants in England and Wales. The chartered accountant (howsoever appointed) shall act as an expert and not as an arbitrator and his or her decision as to the matter in dispute shall (in the absence of manifest error) be final and binding on the parties. In the event that the amount in dispute is determined by the expert to vary from the amount certified by the...
Completion Statement. Part 1 – Definitions
Completion Statement. To: Travelex Limited For the attention of: Company Secretary 00 Xxxxxxxx Xxxxxx XX0X 0XX Dear Sirs We refer to the agreement (“Agreement”) between Travelex Limited (1), Coinstar, Inc. (2) Travelex Group Limited dated [ ] 2006 providing for the sale to Coinstar, Inc. of the entire issued share capital of Travelex Money Transfer Limited. We enclose a copy of the Completion Accounts (as defined in the Agreement) drawn up, in our opinion, in accordance with part 1 of schedule 9 of the Agreement. On the basis of the Completion Accounts:
Completion Statement. Part 1 — General Provisions
Completion Statement. 26 8. ACTION PENDING THE COMPLETION DATE.......................................27
Completion Statement. 5.1 For the avoidance of doubt, the parties agree that the Consideration shall be subject to adjustment pursuant to clause 8 and Schedule 6 of the Main SPA and, further, that the French Companies are deemed to be Target Companies for the purposes of the foregoing clause and schedule. In the event that any adjustment payment or payments are required to be made in accordance with the foregoing clause and schedule which relate to the French Target Company or the French Subsidiary, such payments shall be made as between the Buyer and the Seller of the French Target Shares, each as defined under this Agreement.
Completion Statement. Along with the draft of the transfer deed, you will receive a completion statement from the civil-law notary. The completion statement for the buyer (usually) includes the purchase price, the costs to be settled, the property transfer tax, the Land Registry fees, et cetera. The completion statement for the seller includes the amount to be repaid on the mortgage loan (if any) and the associated costs. As a rule, any outstanding estate agent’s charges and, where applicable, the consultancy fees in respect of the mortgage loan are paid through the civil-law notary. The estate agent’s charges are payable by the party who has engaged the estate agent. The amount shown at the bottom of the completion statement is the amount payable by the buyer or the amount to be received (or paid) by the seller.
Completion Statement. The Estimated Completion Statement has been prepared in good faith and in accordance with the accounting principles and policies set out in Part C to Schedule 6.
Completion Statement. The Completion Statement will be prepared and agreed or determined under part 3 of this schedule 7.
Completion Statement. 2 The Completion Working Capital and Completion Net Indebtedness shall be calculated applying the following policies, principles, bases and methodologies;
