Buyer Closing Statement definition
Examples of Buyer Closing Statement in a sentence
The Buyer Closing Statement and each component thereof shall be prepared and calculated in accordance with the definitions contained in this Agreement.
If Seller provides the notice pursuant to which it agrees with each of the components of the Buyer Closing Statements or does not provide a Notice of Disagreement within such forty-five (45) day period, then Seller shall be deemed to have accepted the calculations and the amounts set forth in the Buyer Closing Statement delivered by Buyer, which shall then be final, binding and conclusive for all purposes hereunder.
To the extent not set forth in the Notice of Objection, the Securityholders shall be deemed to have agreed with Buyer’s calculation of all other items and amounts contained in the Buyer Closing Statement.
Seller will deliver notice to Buyer on or prior to the forty fifth (45th) day after receipt of the Buyer Closing Statement specifying in reasonable detail all disputed items and the basis therefor.
If Seller fails to deliver such notice in such forty fifth (45th) day period, Seller will have waived its right to contest the Buyer Closing Statement.
To the extent reasonably required to complete their review of the Buyer Closing Statement, Seller and its Representatives will be provided with reasonable access to the books, records and working papers of Buyer used to prepare the Buyer Closing Statement, Buyer’s finance personnel and any other information of the Business that the Seller reasonably requests relating to the determination of Purchase Price, and Buyer shall cooperate with the Seller and their Representatives in connection therewith.
Section 6.2(l) of the Plan provides recoveries to Unitholders only “to the extent there are sufficient assets available for distribution,” and then only for an “appropriate amount.” See Plan § 6.2(l), A-3944.
Seller and its Representatives will provide Buyer and its Representatives with reasonable access to Seller’s respective books and records, personnel and properties and any other information of Seller that Buyer reasonably requests in connection with Buyer’s preparation of the Buyer Closing Statement.
He also asked why thetaxpayers would be burdened with road maintenance when there was a clear need for two entrances to the subdivision.
The Seller Representative will have thirty (30) days after its receipt of the Buyer Closing Statement to review it.