Examples of Apportionment Statement in a sentence
If the Seller and the Purchaser are able to reach agreement, the Other Assets and the Other Liabilities as set out in the Draft Completion Accounts and the Draft Apportionment Statement (with all the amendments (if any) as mutually agreed between the Seller and the Purchaser) shall be adopted for adjustment to remaining balance of the Consideration upon Completion.
If the Seller and the Purchaser are unable to reach agreement on the Completion Accounts and/or the Apportionment Statement, an independent accountant will be appointed to review the Completion Accounts and the Apportionment Statement and shall determine adjustments (if any) on such accounts and statement.
The Vendor, subject to Completion, indemnifies and must keep indemnified the Purchaser against all Liabilities incurred or Claims in connection with any failure by the Vendor to perform all obligations under, or comply with the terms of, any Non Freehold Land Contract for the period prior to Completion provided that no claim may be made by the Purchaser under this clause 9.1 for any amount for which it is given credit under the Final Apportionment Statement.
The Seller and the Purchaser shall attempt to reach agreement on the Completion Accounts and the Apportionment Statement.
Subject to clause 5.5 below, if the Final Apportionment Statement differs from the Estimated Apportionment Statement, the Vendor will make an adjusting payment to the Purchaser, or the Purchaser will make an adjusting payment to the Vendor, as the case may require, together with interest thereon at the Bank Xxxx Rate (calculated on a daily basis), within 10 Business Days of the receipt by the Purchaser of the Final Apportionment Statement.
The determination of such independent accountant shall be final and binding on the Seller and the Purchaser, and the Other Assets and the Other Liabilities as set out in Completion Accounts and the Apportionment Statement (reviewed and determined by the independent accountant) shall be adopted for adjustment to remaining balance of the Consideration after Completion (the ‘‘After Completion Adjustment’’).
All amounts in the Estimated Apportionment Statement and all calculations required by this clause 5.2 are to exclude GST.
The Seller and the Purchaser shall attempt to reach agreement on such Draft Completion Accounts and the Draft Apportionment Statement.
If the Seller and the Purchaser are able to reach agreement, then the Other Assets and the Other Liabilities as set out in the Completion Accounts and the Apportionment Statement (with all the amendments (if any) as mutually agreed between the Seller and the Purchaser) shall be adopted for adjustment to the Consideration after Completion.
All amounts in the Final Apportionment Statement and all calculations required by this clause 5.3 are to exclude GST.