Audited Closing Statement definition

Audited Closing Statement shall have the meaning set forth in Section II.B.6.
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Audited Closing Statement has the meaning set forth in Section 2.7(a).
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Audited Closing Statement means the closing balance sheet of Seller, solely with respect to the Assets and Assumed Liabilities, as of the Closing Date, prepared in accordance with this Agreement in the form of EXHIBIT "B" and as audited by Arthxx Xxxexxxx XXX or another independent certified public accountant mutually satisfactory to the parties.
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Examples of Audited Closing Statement in a sentence

  • Heinz shall deliver or cause to be delivered to Del Monte as soon as reasonably practicable after the Closing Date an audited combined statement of assets and liabilities contributed as of the Closing Date, prepared in accordance with GAAP (the "Audited Closing Statement") and audited by PricewaterhouseCoopers LLP, which will present the Spinco Assets and the Spinco Liabilities.

  • The cost of such audit and the preparation of the Audited Closing Statement shall be shared equally between the Purchaser and the Seller.

  • The Audited Closing Statement shall be prepared at the sole cost and expense of Heinz.

  • If the face value of the Aged Accounts Receivable as set out on the Audited Closing Statement is different than the face value of the Aged Accounts Receivable set out on the Unaudited Closing Statement, the Purchaser and the Vendor agree that on the Adjustment Date appropriate adjustments will be made to the amount paid by the Purchaser at Closing in respect of the Aged Accounts Receivable.

  • The Purchaser and its representatives shall have the right, during normal business hours and upon reasonable request, to review all work papers and procedures used to prepare the Audited Closing Statement and the Seller Financial Statements and Balance Sheets and to have reasonable access to the Seller's financial employees and accountants and shall have the right to perform reasonable procedures necessary to confirm the accuracy thereof.

  • The Audited Closing Payment shall be made no later than the next business day after receipt of the Audited Closing Statement.

  • The purchase price (the "Purchase Price") for the Assets shall be an amount equal to the aggregate of: (i) Eleven Million Five Hundred Thousand Dollars ($11,500,000); (ii) the total Assumed Liabilities reflected on the Audited Closing Statement; and (iii) the excess (deficit) of Audited Net Book Value over (under) Two Million Five Hundred Thousand Dollars ($2,500,000).

  • The Closing Schedule of Accounts Payable will be reflected on the Audited Closing Statement and will reflect a full and complete list of all accounts payable of Seller as of the Closing Date, reflecting as to each account the creditor's name, the amount owed thereunder, and the age or date of such payable.

  • Eagle will simultaneously provide the Closing Statement to Xxxxxx Xxxxxxxx LLP, Champion Plaza, 000 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000-0000 ("Xxxxxx Xxxxxxxx") which Xxxxxx Xxxxxxxx shall have thirty (30) days to audit the Closing Statement and deliver to Eagle and Buyer such audited Closing Statement ("Audited Closing Statement") and a report (the "Report") reflecting any changes made to the Closing Statement or any of the calculations or methodologies employed therein.

  • The amount of any decrease or increase to the Purchase Price pursuant to this Section 1.4(a) plus interest from the Closing Date at the Prime Rate (as hereinafter defined) shall be paid by Seller or Buyer, as the case may be, by wire transfer in immediately available funds within five (5) business days after the Final Audited Closing Statement of Net Assets is agreed to by Seller and Buyer or is determined by the Neutral Auditor (as hereinafter defined).


More Definitions of Audited Closing Statement

Audited Closing Statement means the closing balance sheet of the Old Company, as of December 31, 1996, prepared in accordance with generally accepted accounting principles, and as audited by Ernst & Young.
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Related to Audited Closing Statement

  • Draft Closing Statement means a draft closing statement as of the close of business of the fifth (5th) Business Day immediately preceding the Closing Date setting forth an estimate of the Purchase Price (including all adjustments and prorations thereto).

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Closing Statements has the meaning set forth in Section 3.3(b).

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Preliminary Closing Statement shall have the meaning set forth in Section 2.3(a).

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Audited Statements means the Consolidated balance sheets of the Borrower as at December 31, 2001, and the related Consolidated statements of income and cash flows of the Borrower for the fiscal year then ended, accompanied by the opinion thereon of the Borrower's independent public accountants.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Unaudited Interim Balance Sheet shall have the meaning specified in Section 2.4(a)(iii) of the Agreement.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).