Closing Group Account definition
Examples of Closing Group Account in a sentence
Newco shall cooperate by providing access to data and personnel, as reasonably required by SCO to prepare the Closing Group Account.
The Closing Group Account shall be prepared in the same manner as the 2000 Group Balance Sheet and in compliance with the representations and warranties contained in Section 2.4(c) hereof.
SCO shall use its reasonable best efforts to transfer or sell all of the Excluded Assets from the Contributed Companies prior to the Effective Time or as soon as practicable thereafter; provided, however, that to the extent that any Excluded Assets pursuant to Section 1.4(b)(ii) are included as assets on the Closing Group Account, Caldera shall pay to SCO an amount, in cash, equal to amount of such assets or transfer the assets after the Effective Time, as the parties may agree.
SCO shall deliver to Newco the assets and liabilities section of a balance sheet of the Group Business as of the Closing Date (the "Closing Group Account") within thirty days following the Closing Date.
SCO shall deliver to Newco the assets and --------------------- liabilities section of a balance sheet of the Group Business as of the Closing Date (the "Closing Group Account") within thirty days following the Closing Date.
The Closing Group Account Statement shall be prepared in accordance with this Section 3.5(a), consistent with the Group's past practice in recording changes to the Group's interdivision receivables account which past practices are set forth on SCHEDULE 3.5(A)(I) hereto.
The Closing Group Account Statement shall be delivered to the Purchaser no later than 30 days after the Closing Date.
The Purchaser and the Purchaser's Accountants shall be given access to the work papers of Cullman's Accountants relating to the preparation of the Closing Group Account Statement.
The Purchaser shall have 45 days from the date that the Purchaser receives the Closing Group Account Statement to notify the Representative in writing if the Purchaser objects to any item in the Closing Group Account Statement.