Examples of Baseline Balance Sheet in a sentence
If the value of the Closing Net Book Value set forth on the Closing Balance Sheet is greater than the Baseline Net Book Value set forth on the Baseline Balance Sheet, Purchaser shall pay to Seller by means of wire transfer of immediately available funds to an account designated by Seller the amount of such difference plus interest on the amount of the difference within five (5) Business Days after final agreement by the Parties as to the Closing Balance Sheet.
Attached as part of Schedule 5.20 are schedules that accurately present the amount and aging of the Seller's accounts receivable and accounts payable at December 31, 1996 relating to the NAC Business, as reflected in the Audited Baseline Balance Sheet.
Since the Baseline Balance Sheet Date, (a) there has not occurred any Material Adverse Effect, (b) the Business has been conducted in the Ordinary Course of Business in all material respects and (c) except for the transactions contemplated by this Agreement, there has not been any action or event that would have required Buyer’s consent pursuant to Section 6.01(b).
The Seller has delivered or will deliver the following financial statements (the "Financial Statements") to the Buyer, of which those listed in the following clauses (a) and (b) are or will be attached as Schedule 5.5 hereto: (a) the Baseline Balance Sheet and (b) the Audited Baseline Balance Sheet.
The Arbitrator will be instructed to resolve such issues applying a method consistent with the preparation of the Baseline Balance Sheet.