Examples of Closing Company Indebtedness in a sentence
The Proposed Closing Statement shall be prepared in a manner consistent with the Latest Balance Sheet and GAAP, which shall control as to any conflict as to the principles, practices, policies, judgments or methodologies to be applied in the preparation of the Proposed Closing Statement and the determination of the Closing Net Working Capital and the Closing Company Indebtedness.
For the avoidance of doubt, should the current employment contract between the Company and Xxxxxx Xxxxxxxx not be terminated within seven (7) days after the Closing Date, then an amount equal to Xxxxxx Xxxxxxxx’x base salary under such employment contract for a period of 30 days shall be included in Closing Company Indebtedness for purposes of the Proposed Closing Statement.