Closing Audit definition

Closing Audit means the audit of a Closing Statement including all reports, statements and documents referred to therein or related thereto, conducted pursuant to Section 2.2(D) hereof.

Closing Audit has the meaning set forth in Section 8.3(b).

Closing Audit means the audit of a Closing Statement including all reports, statements and documents referred to therein or related thereto,conducted pursuant to Section 2.2(D) hereof.

Examples of Closing Audit in a sentence

• The dividend payment date shall be no later than 30 Days from the date of completion of the Closing Audit.

• Dividend resolutions of the Target Company shall be declared prior to the Closing Date (including the very date), and the amount of dividends shall be determined on the basis of the amount of distributable profits attributable to the target equity generated during the Transitional Period as specified in the Closing Audit Report.

• To the extent that as determined in the Closing Audit any net profits are generated by the Target Company during the Transitional Period or the net asset value increases as a result of other profits and losses incurred during the Transitional Period, PipeChina agrees that PetroChina is entitled to obtain such increased income through dividend distribution by the Target Company.

• To the extent that as determined in the Closing Audit, there is a decrease in the net asset value of the Target Company as a result of the adjustments for subsequent events after the Base Date, PetroChina agrees that PipeChina shall have priority to deduct in proportion of the Target Equity the corresponding amount from the unpaid Cash Consideration.

• Since the applicable Last Pre Closing Audit Date, there has been no material adverse change in the operations, assets, business, properties, prospects or condition (financial or otherwise) of the Borrower and its Subsidiaries taken as a whole or of the Parent and its Subsidiaries taken as a whole.

More Definitions of Closing Audit

Closing Audit shall have that meaning set forth in Section ------------- ------- 2.7(b) hereof. ------

Closing Audit has the meaning set forth in Article 3.2.

Closing Audit means an audit of the Company as of the close of business on April 30, 1998 to be performed by the Company's independent public accountants (as specified by Buyer) in accordance with UK GAAP not later than sixty (60) days following the Closing.

Closing Audit means the statement of the Post-Closing Adjustment Consideration of the Company.

Closing Audit means the audit to be performed (together with an audit report to be issued) on the Target Companies within 60 days following the Closing Date by an accounting firm acceptable to both parties and possesses qualifications for securities and futures business practice jointly engaged by the Parties in order to ascertain the profit and loss in respect of the Target Equity during the Transitional Period and the adjustments for subsequent events after the Base Date.

Closing Audit means the audit of the Preliminary Balance Sheet to be conducted by Graphic pursuant to Section 2.10(b) herein.

Closing Audit means, collectively, the Preliminary Closing Audit, the Seller’s Closing Audit and the Joint Closing Audit.