Closing Adjustment Statement definition

Closing Adjustment Statement has the meaning set forth in Section 2.7(b).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Closing Adjustment Statement means the statement of the Closing Adjustment Items prepared in accordance with the provisions of Section 2.6.

Closing Adjustment Statement shall have the meaning set forth in Section ‎3.1(b).

Examples of Closing Adjustment Statement in a sentence

Within five (5) Business Days of acceptance of the Closing Adjustment Statement, or if the Seller Representative timely delivers a Statement of Objection, then within five (5) Business Days of the resolution described in Section 1.3(b)(ii) or 1.3(b)(v) above, if there is a Post-Closing Adjustment, the Purchaser shall set off and deduct an amount equal to the Post-Closing Adjustment from the outstanding principal balance of the Note.
The Independent Accountant shall only decide the specific items under dispute by the parties and their decision for each Disputed Amount must be within the range of values assigned to such Disputed Amount in the Closing Adjustment Statement and the Statement of Objections, respectively.
If the Seller Representative fails to deliver the Statement of Objections before the expiration of the Review Period, the Closing Adjustment Statement and the Post-Closing Adjustment reflected in the Closing Adjustment Statement shall be deemed to have been accepted by Seller.
After receipt of the Closing Adjustment Statement, the Seller Representative shall have fifteen (15) days (the “Review Period”) to review the Closing Adjustment Statement.
On or prior to the last day of the Review Period, the Seller Representative may object to the Closing Adjustment Statement by delivering to Purchaser a written statement setting forth the Seller Representative’s objections in reasonable detail, indicating each disputed item or amount and the basis for such disagreement therewith (the “Statement of Objections”).

More Definitions of Closing Adjustment Statement

Closing Adjustment Statement shall have the meaning set forth in Section 2.6(c)(ii) (Purchase Price Adjustment).

Closing Adjustment Statement shall have the meaning assigned thereto in Section 4.10(a).

Closing Adjustment Statement has the meaning set forth in Section ‎1.10(a).

Closing Adjustment Statement has the meaning ascribed thereto in Section 2.6(b). Closing Date has the meaning ascribed thereto in Section 8.1.

Closing Adjustment Statement has the meaning assigned to such term in Clause 3.5.1;

Closing Adjustment Statement means the statement, together with reasonably detailed supporting information, to be delivered by the Purchaser to the Seller in accordance with Section 3.4, setting forth the Purchaser’s determination of (i) each of (a) the [**], (b) the [**] Amount, (c) the Closing Property Tax Amount, (d) the Seller Unpaid Expenses, and (e) the Seller Prepaid Expenses (in each case, as of the Effective Time) and (ii) the Purchase Price.

Closing Adjustment Statement means the statement of the Closing Adjustment Items prepared in accordance with the provisions of Section 2.6. “Closing Buyer Outstanding Shares” has the meaning set forth in Section 4.4(a).