Common use of Payment of Post-Closing Consideration Clause in Contracts

Payment of Post-Closing Consideration. (a) The Second Payment. (i) 2021 Statement Within fifteen (15) Business Days after the completion of the 2021 Financial Statements, Buyer shall provide to Sellers a statement of Buyer’s good faith calculations of Revenue and Gross Profit for the calendar year of 2021, to be derived from the 2021 Financial Statements (the “2021 Statement”). Buyer shall cause the 2021 Financial Statements to be completed no later than thirty (30) days following December 31, 2021. Buyer shall provide to Sellers a copy of the 2021 Financial Statements and copies of such records and work papers used or created in connection with the preparation of the 2021 Statement which are reasonably required to support such 2021 Statement.

Payment of Post-Closing Consideration. (a) The Second Payment. (i) 2021 Statement Within fifteen (15) Business Days after the completion of the 2021 Financial Statements, Buyer shall provide to Sellers Seller a statement of Buyer’s good faith calculations of Revenue and Gross Profit for the calendar year of 2021, to be derived from the 2021 Financial Statements (the “2021 Statement”). Buyer shall cause the 2021 Financial Statements to be completed no later than thirty (30) days following December 31, 2021. Buyer shall provide to Sellers Seller a copy of the 2021 Financial Statements and copies of such records and work papers used or created in connection with the preparation of the 2021 Statement which are reasonably required to support such 2021 Statement.

Payment of Post-Closing Consideration. (a) The Second Payment. (i) 2021 2020 Revenue Statement Within fifteen (15) Business Days after the completion of the 2021 2020 Financial Statements, Buyer shall provide to Sellers Seller a statement of Buyer’s good faith calculations of Revenue and Gross Profit for the calendar year of 20212020, to be derived from the 2021 2020 Financial Statements (the “2021 2020 Revenue Statement”). Buyer shall cause the 2021 2020 Financial Statements to be completed no later than thirty (30) days following December 31, 2021. Buyer shall provide to Sellers Seller a copy of the 2021 2020 Financial Statements and copies of such records and work papers used or created in connection with the preparation of the 2021 2020 Revenue Statement which are reasonably required to support such 2021 2020 Revenue Statement.