Examples of Closing Date GAAP in a sentence
The Witco Surfactants Closing Date Germany Balance Sheet included on the Proposed Germany Statement shall be audited by Sellers' independent accountants and shall be prepared in accordance with Germany statutory requirements and the Witco Surfactants Closing Date GAAP Balance Sheet included on the Proposed Germany Statement shall be audited by Sellers' independent accountants and shall be prepared in accordance with GAAP.
Not later than three Business Days prior to the Closing Date, Seller shall deliver to Buyer the Estimated Closing Date GAAP Balance Sheet and the Estimated Closing Date SAP Balance Sheet.
Such balance sheet shall be prepared in accordance with United States generally accepted accounting principles as in effect on the Closing Date ("GAAP"), consistently applied and consistent with the assumptions and methodology of the June 30, 2002 balance sheet referred to in Section 2.04.
Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize accounting principles and policies in conformity with those used to prepare the financial statements referred to in subsection 5.3, except that where material changes to the application of GAAP have occurred after the Closing Date, GAAP as in effect as of the Closing Date will be applied.
The Accountants shall deliver to the Purchaser and the Seller, as promptly as reasonably practicable, but no later than 90 calendar days after the Accountants are engaged, a written report setting forth their calculation of the disputed items and the Closing Date SAP Net Book Value and Closing Date GAAP Net Book Value.