Adjusted Closing Balance Sheet definition
Examples of Adjusted Closing Balance Sheet in a sentence
In the event that the Closing Date Adjusted Working Capital, as reflected on the report by the PHMD Accountants, shall be greater or less than the amount set forth on the Adjusted Closing Balance Sheet provided in Section 2.7(a) above, then and in such event a further adjustment in the DSKX Note shall be made.
If the consolidated Net Worth set forth on the SEB Adjusting Closing Balance Sheet exceeds $225,000,000, then SEB shall pay to each of HCS and IB, in cash, an amount equal to 50% of the amount by which the such consolidated Net Worth exceeds $225,000,000, within ten days after the date the SEB Adjusted Closing Balance Sheet is determined and provided to the parties.
If the dollar amount of the Working Capital as reflected on the Working Capital Certificate is less than the dollar amount of the Working Capital as reflected on Seller's Adjusted Closing Balance Sheet, then Seller shall pay in cash to Buyer the amount of the difference.
The term "Adjusted Closing Balance Sheet," as used in this Agreement, shall mean the definitive Closing Balance Sheet agreed to (or deemed agreed to) by HarnCo and Investor under Section 2(d)(iii) or, if Unresolved Changes are submitted to the Neutral Auditors, such definitive Closing Balance Sheet, as adjusted to reflect the determination of the Neutral Auditors under this Section 2(d)(iv).
The Adjusted Closing Balance Sheet for the Seller shall be created by deleting from the Closing Balance Sheet of Seller the Retained Assets and the Retained Liabilities.