Examples of Closing Determination in a sentence
If Buyer elects to exclude such item, then the Aggregate Asset Value at the Closing Determination and the Final Determination shall not include the Initial Determination with respect to such Flight Training Device.
The Initial Determination for Flight Training Devices will be based on the assumptions set forth below, and the Asset Values to be calculated at each of the Closing Determination and Final Determination for Flight Training Devices will be determined as set forth below.
If no objection is made, Sellers shall pay to Buyer by wire transfer (or by the return to the Buyer, at Sellers' Representative's option, the equivalent number of shares of Buyer Common Stock (valued at $4.50 per share) equal to) the amount, if any, by which the amount of the AA Determination is less than the Minimum Net Worth (less any deduction against the Cash Portion of the Purchase Price as a result of the Closing Determination) within ten (10) days after the AA Determination.
The process described in the immediately preceding sentences shall be repeated for the purposes of the Final Determination, except that the term “Initial Cycles” shall instead refer to the estimated number of total cycles used in the Closing Determination and the term “Final Cycles” shall instead be determined by review of the relevant aircraft records relating to the Engine or APU, as applicable, and the parties shall reasonably cooperate with each other in conducting such review of such aircraft records.
Buyer may elect to retain one or more of such Reappraisal Items as Included Assets, in which case the Aggregate Asset Value at the Closing Determination and the Final Determination shall include such updated appraisal value.
The Asset Value of the Flight Training Devices at the Closing Determination and the Final Determination will be the Initial Determination and will not be subject to further adjustment unless otherwise determined by Buyer to be a Reappraisal Item.
If Buyer elects to exclude such item, then the Aggregate Asset Value at the Closing Determination and at the Final Determination shall not include the Initial Determination with respect to such Engine or APU.
If Buyer elects to exclude such item, then the Aggregate Asset Value at the Closing Determination and the Final Determination shall not include the Initial Determination with respect to such Engine or APU.
If the December 1998 Net Tangible Assets are less than $9,803,000, Sellers shall pay, no later than ten (10) Business Days after delivery of the Post- Closing Determination pursuant to Section 2(e)(ii) above, to Buyer the amount equal to one dollar for each one dollar that such December 1998 Net Tangible Assets are less than $9,803,000 (the "NTA Shortfall").
The Net Worth of Sigma6 as of the Closing Date shall initially be determined prior to the Closing Date by Sigma6 in good faith within two business days prior to the Closing Date (the "Closing Determination").