Accounts Amount definition
Examples of Accounts Amount in a sentence
The Final Arbiter shall make a final and binding determination as to all matters in dispute relating to the calculation of the Closing Accounts Amount as promptly as practicable after its appointment (but no later than 45 days after the date of its appointment).
Concurrent with the delivery of the Sellers' Closing Report and until such time as all disputes are resolved pursuant to this Section 3.3(e), the Sellers shall deliver to the Buyer such back-up information as the Buyer's Representatives shall reasonably request in order to review the calculation of the Accounts Amount and the Inventory Amount.
If no Objection Notice is delivered within the time required in this Section 4.4(a), the Closing Accounts Statement delivered by Sellers and the calculation of the Closing Accounts Amount set forth therein shall be final and binding on each of the parties.
The Final Arbiter shall send its written determination of the Included Payables, Included Receivables and Inventory Amount, each calculated as of the Closing Date, to Purchaser and Sellers, together with a calculation of the Closing Accounts Amount that results from such determination, and such determination of the Final Arbiter, and the resulting calculation of the Closing Accounts Amount, shall be binding on the parties, absent fraud or manifest error.
If the actual Accounts Amount, as finally determined pursuant to this Section 2.13 (including, without limitation, the resolution of any notice of objection as set forth below), exceeds the estimated Accounts Amount delivered by the Parent, the Acquiror shall pay the Parent the amount of such excess within five (5) Business Days of such determination.
The Purchase Price shall be further adjusted at Closing in respect of the Accounts Amount, the Store Cash Adjustment Amount, and the Deposit (together with any interest earned thereon), as shall be applicable hereunder.
If no Objection Notice is delivered within the time required in this Section 3.4(a), the Closing Accounts Statement delivered by Sellers and the calculation of the Closing Accounts Amount set forth therein shall be final and binding on each of the parties.
The Investors that are Major Holders (for purposes of this sentence, as that term is defined in Section 3.1 of the Prior Agreement) hereby waive the preemptive right, including the notice requirements, set forth in Section 4 of the Prior Agreement with respect to the issuance of the Securities (as defined in the Amended and Restated Purchase Agreement).
If, within thirty (30) days following the date of a December Closing, the Acquiror has not provided the Parent with written notice of objection to the December Closing Schedule (that shall state the basis of the Acquiror’s objection), then the Closing Date Cash and Cash Equivalents and the Accounts Amount set forth on the December Closing Schedule shall be conclusive and binding on the Acquiror and the Parent.
An employee shall be eligible for short and long term disability benefits only if such employee has been a regular full-time employee for one (1) or more years and becomes totally disabled as a result of sickness or accident so as to be prevented from performing the duties of their employment and a licensed physician certified such total disability.