Examples of Closing Cash Statement in a sentence
Parent shall prepare and deliver to the Company, at least one (1) Business Day prior to the Closing, a statement (the "Closing Cash Statement"), reasonably acceptable to Parent, which states the amount of cash and cash equivalents (within the meanings of such terms under GAAP) of the Company as of that date, which shall not be less than One Million One Hundred Thousand (US$ 1,100,000) United States Dollars.
The Closing Cash Statement shall be prepared in accordance with GAAP applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited Financials, and in accordance with the definition of “Cash” herein.
If the Holder Representative fails to deliver the Statement of Objections before the expiration of the Review Period, the Closing Cash Statement and the Post-Closing Adjustment, as the case may be, reflected in the Closing Cash Statement shall be deemed to have been accepted by the Holder Representative.
The Closing Cash Statement delivered by Parent pursuant to Section 5.21 will state the amount of Parent's cash and cash equivalents (within the meanings of such terms under GAAP) on the Closing Date, which shall not be less than One Million One Hundred Thousand (US$ 1,100,000) United States Dollars.
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 each such item in the Closing Cash Statement and the Statement of Objections, respectively.
On or prior to the last day of the Review Period, the Holder Representative may object to the Closing Cash Statement by delivering to Buyer a written statement setting forth its objections in reasonable detail, indicating each disputed item or amount and the basis for its disagreement therewith (the “Statement of Objections”).
The Independent Accountant shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after their engagement, and their resolution of the Disputed Amounts and their adjustments to the Closing Cash Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto.
If a Participant goes on a leave of absence that is not subject to the FMLA or USERRA, the Participant will be treated as having terminated participation, as described under Section 4.9, except to the extent coverage is permitted or required to continue under the terms of the Employer’s leave of absence policies or constituent Insurance Benefit plans.
The national direction is clear that the focus must remain on ensuring that the NHS can deal with the COVID-19 emergency but the ‘next phase’ should recognise that COVID-19 is going to be present for some time so we now need to plan for how we can manage COVID-19 whilst moving back to offering holistic services to patients.
During the Review Period, the Holder Representative and its accountants shall have full access to the books and records of the Surviving Corporation with respect to the Uncleared Payments for the purpose of reviewing the Closing Cash Statement and to prepare a Statement of Objections (defined below), provided, that such access shall be in a manner that does not interfere with the normal business operations of Buyer or the Surviving Corporation.