Examples of Adjusted Closing Balance Sheet in a sentence
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.
The Adjusted Closing Balance Sheet for the Seller shall show the Seller's "Adjusted Net Asset Value at Closing," which shall be the amount by which the Seller's total assets exceed the Seller's total liabilities, as reflected on the Adjusted Closing Balance Sheet.
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.
As of and from the Closing Date, Buyer shall assume certain of Seller's obligations and liabilities, limited, however to those liabilities reflected on the Adjusted Closing Balance Sheet and expressly agreed in writing to be assumed by Buyer (the "Assumed Liabilities").
At the Closing, the Seller shall deliver an estimated balance sheet dated as of May 17, 2006, (a "Closing Balance Sheet"), and an adjusted balance sheet for the Seller dated as of May 18, 2006 (the "Adjusted Closing Balance Sheet").