Closing Accounts definition

Closing Accounts. When either you or the Credit Union close any accounts certain funds may not be immediately made available to you upon closing. This is due to actions you have taken or your relationships with third parties that may result in certain holds that affect your available funds versus your actual funds. Please read this entire section for a complete explanation of these matters. These holds are generally resolved within a period of 10-days. Once all these matters are cleared so that your accounts are no longer responsible for any sums these other parties may claim, then any remaining funds shall become available funds and will be paid to you.

Closing Accounts has the meaning given to it in Schedule 6.

Closing Accounts means the balance sheet and profit and loss accounts (together with the notes attached thereto) of the Company on a consolidated basis (including each Group Company) as of the Initial Closing Date.

Examples of Closing Accounts in a sentence

• By no later than sixty (60) days after Closing, Purchaser shall pay to Seller an amount equal to the remaining Closing Accounts Receivable, minus those uncollectible Closing Accounts Receivable as agreed upon by Purchaser and Seller.

• Purchaser shall pay over to Seller all collections of accounts receivable in connection with the Properties which have accrued as of Closing (the "Closing Accounts Receivable").

• You can contact us about your accounts and services for (including but not limited to) Change of Address, Revoke Consent to Automatic Telephone Dialing, Lost or Stolen Checks, Lost or Stolen Access Device/PIN/Access Code, Lost or Stolen Card, Questions about Electronic Services, Confirmation of Direct Deposit to Your Account, Calling to Stop Payment from Your Account, and General Account Information/Opening and Closing Accounts) at the addresses and numbers listed below: I.

• On the basis of that review, the Purchaser may during a five (5) Business Days period following the Verification Period propose to the Seller in writing (the “Notice of Objection”) such adjustments, if any, as shall in the Purchaser judgement be required to determine the Closing Accounts, Debt/WC Statements and the Price Adjustment Amount, if any, in accordance with the rules set out in this Clause 3.2. The Notice of Objection shall contain a statement of the basis of the Purchaser’s objection.

• Upon demand by the Buyer at any time after 120 days from the Closing Date, the Seller and the Shareholders shall jointly and severally pay to the Buyer the full amount of any unpaid Closing Accounts Receivables which are the subject of such demand.

More Definitions of Closing Accounts

Closing Accounts has the meaning set forth in Clause 3.2.4.

Closing Accounts means the unaudited consolidated financial statements of the Target Group dated as of the Closing Date and for the period ending on the Closing Date, consisting of a balance sheet and profit and loss statement. The Closing Accounts are to be prepared in accordance with the Accounting Principles and Section 3.6 and shall specifically set out in an annex thereto the calculation of Closing Cash, Closing Financial Debt and the Closing Net Working Capital.

Closing Accounts means a combined balance sheet of the entities included in the Autoco Contributed Entities Perimeter and a combined balance sheet for the entities included in the Finco Contributed Entities Perimeter, at the Closing Date both being prepared in accordance with the Closing Accounting Principles.

Closing Accounts means a balance sheet of the Transferred Business, as of the close of business on the Closing Date, to be prepared in the form set forth in Appendix C and in accordance with the Accounting Principles;

Closing Accounts means a combined balance sheet of the entities included in the Autoco Contributed Entities Perimeter and a combined balance sheet for the entities included in the Xxxxx Contributed Entities Perimeter, at the Closing Date both being prepared in accordance with the Closing Accounting Principles.

Closing Accounts means the Croatian Closing Accounts or the Slovenian Closing Accounts, as the case may be;

Closing Accounts means the unaudited consolidated balance sheet as at, and the unaudited consolidated income statement for the period ended on, the Closing Date, of the Group Companies, prepared on the basis of the Accounting Principles and in accordance with Section 2.03.