Examples of Agreed Closing Statement in a sentence
Parent, the Buyer and the Sellers acknowledge and agree that the Agreed Closing Statement contains estimates of Cash, Net Working Capital, Indebtedness and Transaction Expenses as of the Closing Date, and that the actual amounts of Cash, Net Working Capital, Indebtedness and Transaction Expenses as of such date and as of the Closing Date may (and likely will) differ from the estimates contained in the Agreed Closing Statement.
The conversion of any amounts expressed in Norwegian krone to United States dollars with respect to the calculation of the amount of Closing Net Working Capital, Closing Indebtedness and Closing Transaction Expenses pursuant to Section 2.4, shall be calculated based on the exchange rate set forth in the Agreed Closing Statement and for any other amounts shall be as reported by Bloomberg, L.P. as of the close of business in New York on the relevant date.
If either the Closing Working Capital Adjustment, the Long-Term Liabilities Adjustment or the New Office Expenditures Adjustment as of the Closing Date set forth in the Agreed Closing Statement or the Final Closing Statement, as the case may be, is a positive number, then Buyer shall pay the Sellers such amount (pro rata according to their respective Sellers Percentage Interest).
The Proposed Closing Statement shall become final and binding (the "Agreed Closing Statement") upon the parties hereto on the sixteenth day following receipt thereof by Sellers' Representative, unless Sellers' Representative gives written notice to Buyer of its objection to the Proposed Closing Statement (a "Notice of Objection") prior to such sixteenth day.
The conversion of any amounts expressed in Norwegian krone to United States dollars with respect to the calculation of the amount of Closing Net Working Capital, Closing Indebtedness and Closing Transaction Expenses pursuant to Section 2.4, shall be calculated based on the exchange rate set forth in the 41 Agreed Closing Statement and for any other amounts shall be as reported by Bloomberg, L.P. as of the close of business in New York on the relevant date.
If the amount shown by the Buyer to be Net Working Capital on the Revised Closing Statement is different than the amount shown on the Closing Statement, the Final Purchase Price shall be readjusted promptly (on a dollar for dollar basis) in accordance with Schedule 2.3 using the amount shown to be Net Working Capital on the Agreed Closing Statement or the Final Closing Statement, as applicable.