Audit Adjustments definition

Audit Adjustments means the aggregate value of all changes in the Cost Base required to be taken into account by the Ancillary Services Provider during any Accounting Period in order to give effect to the conclusions resulting from an audit commissioned pursuant to Clause 51.5;

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Audit Adjustments has the meaning specified in Section 9.01(a).

Audit Adjustments means adjustments to the Consolidated and Combined Statements of Earnings and Comprehensive Income, the Consolidated and Combined Balance Sheets, and the Consolidated and Combined Statements of Cash Flows of the Draft Audit Report for purposes of preparing the Audited Financial Statements using the rollover method whereby such adjustments are recorded in the appropriate year or years.

Examples of Audit Adjustments in a sentence

• Each Partner shall inform the Partnership of any Covered Audit Adjustments to Partnership items that result from any Tax Audit of such Partner within thirty (30) days of the close of such Tax Audit.

• The parties agree and understand that their respective obligations to make payments hereunder resulting from Audit Adjustments shall apply in circumstances wherein there is no additional net Tax liability payable to a Tax Authority attributable to the adjustment of one or more Tax Items on the applicable Tax Return but the Audit Adjustments result in changes to the State/Foreign With Amount and/or State/Foreign Without Amount as recalculated to reflect such Audit Adjustments.

• Purchaser shall have the right to retain its own accountants and counsel with respect to the Audit Adjustments but the fees and disbursements of such accountants and counsel shall be at the expense of Purchaser.

• Seller shall retain an accounting firm and/or counsel (who shall be reasonably acceptable to Purchaser; it being agreed that Coopers & ▇▇▇▇▇▇▇ L.L.P. and ▇▇▇▇▇▇ & ▇▇▇▇▇ shall be acceptable to Purchaser) to represent the Company and the Subsidiary in connection with the Audit Adjustments and shall pay the reasonable fees and disbursements of such accountants and counsel.

• Purchaser shall not, and shall cause the Company and the Subsidiary not to, pay or settle the Audit Adjustments without the prior written consent of Seller.

• Purchaser shall, and shall cause the Company and the Subsidiary and its and their accountants and counsel to cooperate with Seller and its accountants and counsel in the defense of the Audit Adjustments.

• Schedule 1.05(a) December 31, 1997 Audit Adjustments Schedule 5.16(a) Phantom Stock Awards Schedule 5.16(b) Supplemental Bonus Plan Schedule 5.16(c) Special Bonuses Schedule 5.16(d) Option Grants Schedule 6.01(g) Guarantees of the Company Schedule 6.02(j) Modifications of Company Debt STOCK PURCHASE AGREEMENT, dated January 13, 1999 (this "Agreement"), among SYNETIC, INC., a Delaware corporation (the "Purchaser"), and ▇▇▇▇▇ ▇.

• The parties agree and understand that their respective obligations to make payments hereunder resulting from Audit Adjustments shall apply in circumstances wherein there is no additional net Tax liability payable to a Tax Authority attributable to the adjustment of one or more Tax Items on the applicable Tax Return but the adjustments result in changes to the Federal With Amount and/or Federal Without Amount as recalculated to reflect all such Audit Adjustments.

• Audit Adjustments Relating to Income Taxes ...................71 SECTION 8.10.

• An Audit Adjustment Amount in relation to a Seller is the amount by which the Relevant Proportion of the Audit Escrow Amount (not including any interest earned between Completion and the Audit Adjustment Date) exceeds the Relevant Proportion of the total amount of Audit Adjustments determined in accordance with this clause 5.

More Definitions of Audit Adjustments

Audit Adjustments for purposes of this Section 1.2(A) shall mean the difference between EBITDA for Fiscal Year 2000 based upon the audited financial statements of the Loan Parties to be provided to Agent pursuant to Section 4.7(C) of this Agreement and Fiscal Year 2000 EBITDA in the amount of $19,184,000, as set forth on the Compliance Certificate delivered to Agent on February 8, 2001."

Audit Adjustments shall have the meaning described in Section 13.5 "Audit Committee" shall have the meaning described in Section 32.3 "Audit Shortfall" shall have the meaning described in Section 13.5 "Capital Expenditures" shall have the meaning described in Section 13.2(a)(ii) "Cash" shall have the meaning described in Section 13.2(b)(aa) "CeramTec" shall have the meaning described in Section 3.1 "CeramTec North America" shall have the meaning described in Section 3.4 "Chemetall" shall have the meaning as described in Section 5.1 "Chemetall Corporation Subsidiaries" shall have the meaning as described in Section 5.4 "Closing" shall have the meaning as described in Section 15.1 "Closing Adjustment Calculation" shall have the meaning described in Section 14.1 "Closing Balance Sheet" shall have the meaning described in Section 14.1 "Closing Conditions" shall have the meaning described in Section 15.2 "Closing Date" shall have the meaning described in Section 15.1 "Closing Net Financial Debt" shall have the meaning described in Section 13.2 "Closing Working Capital" shall have the meaning described in Section 14.1 "Code" shall have the meaning described in Section 17.43(f)(bb) "Companies" shall have the meaning described in Section 9.4 "Compliance Order" shall have the meaning described in Section 23.1(g) "Consolidated Companies" shall have the meaning described in Exhibit 14.1(a)