Common use of Preparation of Balance Sheets Clause in Contracts

Preparation of Balance Sheets. For the purposes of calculating the ----------------------------- Intercompany Amount as of the Transformation Date, as soon as practicable and in any event prior to the Transformation Date, CSI shall prepare a pro forma balance sheet of the Company as of June 3, 2000 (the "June 3 Balance Sheet") which gives effect to the -------------------- contribution of the Contributed Assets to the Company and the assumption of the Assumed Liabilities by the Company pursuant to this Agreement as if the Transformation Date were June 3, 2000; provided, -------- however, that for the purposes of the June 3 Balance Sheet the ------- Intercompany Amount shall equal an amount (the "Initial Intercompany -------------------- Amount"), which may be positive or negative, such that the Net Working ------ Capital as reflected on the June 3 Balance sheet equals the June 3 Target Net Working Capital. A statement (the "Statement") prepared by --------- CSI setting forth the calculation of the Initial Intercompany Amount shall accompany the June 3

Preparation of Balance Sheets. For the purposes of calculating the ----------------------------- Intercompany Amount as of the Transformation Date, as soon as practicable and in any event prior to the Transformation Date, CSI shall prepare a pro forma balance sheet of the Company as of June 3, 2000 (the "June 3 Balance Sheet") which gives effect to the -------------------- contribution of the Contributed Assets to the Company and the assumption of the Assumed Liabilities by the Company pursuant to this Agreement as if the Transformation Date were June 3, 2000; provided, -------- however, that for the purposes of the June 3 Balance Sheet the ------- Intercompany Amount shall equal an amount (the "Initial Intercompany -------------------- Amount"), which may be positive or negative, such that the Net ------ Working ------ Capital as reflected on the June 3 Balance sheet equals the June 3 Target Net Working Capital. A statement (the "Statement") --------- prepared by --------- CSI setting forth the calculation of the Initial Intercompany Amount shall accompany the June 3

Preparation of Balance Sheets. For the purposes of calculating the ----------------------------- Intercompany Amount as of the Transformation Date, as soon as practicable and in any event prior to the Transformation Date, CSI shall prepare a pro forma balance sheet of the Company as of June 3, 2000 (the "June 3 Balance Sheet") which gives effect to the -------------------- contribution of the Contributed Assets to the Company and the assumption of the Assumed Liabilities by the Company pursuant to this Agreement as if the Transformation Date were June 3, 2000; provided, -------- however, that for the purposes of the June 3 Balance Sheet the ------- Intercompany Amount shall equal an amount (the "Initial Intercompany -------------------- Amount"), which may be positive or negative, such that the Net Working ------ Capital as reflected on the June 3 Balance sheet equals the June 3 Target Net Working Capital. A statement (the "Statement") prepared by --------- CSI setting forth the calculation of the Initial Intercompany Amount shall accompany the June 3

Preparation of Balance Sheets. For the purposes of ----------------------------- calculating the ----------------------------- Intercompany Amount as of the Transformation Date, as soon as practicable and in any event prior to the Transformation Date, CSI shall prepare a pro forma balance sheet of the Company as of June 3, 2000 (the "June 3 Balance -------------- Sheet") which gives effect to the -------------------- contribution of the ----- Contributed Assets to the Company and the assumption of the Assumed Liabilities by the Company pursuant to this Agreement as if the Transformation Date were June 3, 2000; provided, -------- however, that for the purposes of the June 3 Balance Sheet the ------- Intercompany Amount shall equal an amount (the "Initial ------- Intercompany -------------------- Amount"), which may be positive or negative, such ------------------- that the Net Working ------ Capital as reflected on the June 3 Balance sheet equals the June 3 Target Net Working Capital. A statement (the "Statement") prepared by --------- CSI setting forth the --------- calculation of the Initial Intercompany Amount shall accompany the June 3

Preparation of Balance Sheets. For the purposes of calculating ----------------------------- the ----------------------------- Intercompany Amount as of the Transformation Date, as soon as practicable and in any event prior to the Transformation Date, CSI shall prepare a pro forma balance sheet of the Company as of June 3, 2000 (the "June 3 Balance Sheet") which -------------------- gives effect to the -------------------- contribution of the Contributed Assets to the Company and the assumption of the Assumed Liabilities by the Company pursuant to this Agreement as if the Transformation Date were June 3, 2000; provided, -------- however, that -------- ------- for the purposes of the June 3 Balance Sheet the ------- Intercompany Amount shall equal an amount (the "Initial Intercompany -------------------- Amount"), which may be positive or negative, such that the Net ------ Working ------ Capital as reflected on the June 3 Balance sheet equals the June 3 Target Net Working Capital. A statement (the "Statement") prepared by --------- CSI setting forth the calculation of --------- the Initial Intercompany Amount shall accompany the June 33 Balance Sheet. The June 3 Balance Sheet and the Statement shall be final and binding on the parties.