Examples of Closing Date Calculation in a sentence
CONTRACTORS are required to keep all agency information including but not limited to contacts, facilities and service offering information up to date.
In making the Determination regarding such dispute, the Accounting Firm shall select, with respect to each item in dispute, an amount equal to either Purchaser’s position as set forth in the Final Working Capital Closing Date Calculation or Seller’s position, as set forth in the Dispute Notice.
Seller shall have ninety (90) days (the “ Review Period”) from the date of receipt by Seller of the Final Working Capital Closing Date Calculation to review the Final Working Capital Closing Date Calculation.
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If Seller does not deliver a Dispute Notice on or before the final day of the Review Period, then Seller shall be deemed to have irrevocably accepted such Final Working Capital Closing Date Calculation, and the Final Working Capital set forth therein shall be deemed to be the Actual Working Capital for purposes of payment (if any) contemplated by Section 2.3(e).
Purchaser hereby agrees that following the Closing Date and prior to the completion of the determination of the Adjusted Purchase Price hereunder, Purchaser shall, and shall cause the Company and the Company Subsidiary to, preserve and not alter or destroy any of the books and records of the Company or the Company Subsidiary, or any other documents on which the calculation of the Final Working Capital Closing Date Calculation is based, or which may be useful or helpful to Seller’s accountants or advisors.
After the Purchaser has furnished the Closing Date Statement and the Closing Date Calculation, the Seller may object thereto by written notice from the Seller to the Purchaser within thirty (30) days after the Seller’s receipt of the Closing Date Statement and the Closing Date Calculation, which notice shall specify in reasonable detail those items or amounts as to which the Seller objects.
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There shall be no ex parte communications between the Seller or the Purchaser, on the one hand, and the Designated Accounting Firm, on the other hand, relating to the Seller’s objections or the Closing Date Calculation, other than written answers by the Seller or the Purchaser to written questions of the Designated Accounting Firm (copies of which answers shall be provided simultaneously to the other party).
The Purchaser and the Seller shall in good faith attempt to resolve any matters in dispute with respect to the Closing Date Calculation as promptly as practicable.