Examples of Closing Net Working Capital Statement in a sentence
Minor changes that provide for clarifications of the draft site permit conditions have been made.
The Independent Accounting Firm shall, based solely on the documents and presentations made by the Buyer and the Seller and within thirty (30) days after the disputed matters are submitted to it, render a written report as to the resolution of each disputed matter set forth in the Notice of Objection that remains unresolved, and as to the Closing Net Working Capital Statement and the calculation of the Closing Net Working Capital.
If Shareholders’ Representative fails to deliver the Objections Statement before the expiration of the Review Period, the Final Closing Net Working Capital Statement and the Final Closing Net Working Capital, Final Closing Cash, Final Closing Indebtedness and Final Closing Company Expenses stated therein shall be conclusive and binding upon the Parties.
If Shareholders’ Representative delivers the Objections Statement before the expiration of the Review Period, then any element of Buyer’s Final Closing Net Working Capital Statement that is not in dispute on the date such Objections Statement is given shall be treated as final and binding, and Buyer and Shareholders’ Representative shall negotiate in good faith to resolve such objections within thirty (30) days after the delivery of the Objections Statement (the “Resolution Period”).
The Independent Accounting Firm shall have exclusive jurisdiction over and the Independent Accounting Firm shall be the sole recourse and remedy of the parties against one another or any other Person with respect to any disputes arising out of or relating to the Closing Net Working Capital Statement and the calculation of the Closing Net Working Capital.