Closing Net Worth Statement definition

Closing Net Worth Statement means a Net Worth Statement as of the date of the Closing Statement of Assets and Liabilities as estimated by Seller in good faith in accordance with the Methodologies.

Closing Net Worth Statement has the meaning set forth in Section 2.3(a).

Closing Net Worth Statement has the meaning set forth in Section 2.3(a). “Closing Purchase Price” has the meaning set forth in Section 2.1(b).

Examples of Closing Net Worth Statement in a sentence

• Also, 12 studies represent data collected through interviews constituting 13% whereas 9, (constituting 9%) of the data is collected with the help of investigation.

• If the Seller does not deliver a Seller's Letter to the Buyer within such 30-day period, the Seller's Closing Net Worth Statement, as adjusted by the Buyer's proposed adjustments set forth in Buyer's Letter, shall be determinative of the Closing Net Worth.

• The Adjusted Statutory Net Worth for the Estimated Net Worth Statement and the Closing Net Worth Statement shall equal the “surplus as regards policyholders” shown in the corresponding Subsequent Reference Balance Sheet, adjusted to reflect the following additions and/or subtractions (as the case may be and as shown in the calculation below): 1.

• If, in Buyer's judgment, adjustments are necessary for the Seller's Closing Net Worth Statement to be so prepared, Buyer, within the 45-day period, shall notify Seller in writing of its proposed adjustments, including the amount, nature and basis for the adjustments ("Buyer's Letter").

• In the event that Seller delivers a ----------------- Seller's Letter to Buyer pursuant to Section 2.06, the Sellers' Closing Net Worth Statement prepared by Seller pursuant to Section 2.04 will be modified by any adjustments set forth in Buyer's Letter and not objected to in Seller's Letter, agreed to by the Parties pursuant to Section 2.07 or determined by the Arbitrator pursuant to Section 2.10.

• The Seller's Closing Net Worth Statement after any and all such adjustments shall be determinative of the Closing Net Worth.

• Ross was appointed Chief Operating Officer of the Corporation on August 29, 2016.

• If the provisions of Section 2.08 -------------------- become operative, then the arbitrator shall be furnished with a copy of this Agreement, any amendments hereto, the Seller's Closing Net Worth Statement, Buyer's Letter, Seller's Letter and the Interim Balance Sheet.

• The starting point for the Estimated Net Worth Statement and the Closing Net Worth Statement shall be a balance sheet of the Company as of the Net Worth Statement Time, prepared in accordance with SAP in effect as of the Net Worth Statement Time (in each case, a “Subsequent Reference Balance Sheet”) and applied in a manner consistent with the annual audited statutory financial statements of the Company as of and for the year ended December 31, 2017.

• Seller shall prepare and --------------------------- deliver to Buyer within 45 days following the Closing Date a statement (the "Seller's Closing Net Worth Statement") reflecting the Sellers' determination of the Closing Net Worth.

More Definitions of Closing Net Worth Statement

Closing Net Worth Statement has the meaning ascribed to such term in Section 4.3(a).

Closing Net Worth Statement. Section 1.3(a) "Closing Net Worth Statement Date" Section 1.3(a) "Code" Section 4.18(a) "Company" Preamble "Company's Accountants" Section 1.3(a) "Confidential Information" Section 3.1(a) "Contingent Portion of the Purchase Price" Section 1.2(a) "Contingent Purchase Price Payments" Section 1.5(d) "December 31, 1999 Balance Sheet" Section 4.5(a) "Default Liabilities" Section 1.2(a) "Disputed Item" Section 1.3(b) "Earn Out Period" Section 1.5(a) "EBT" Section 1.5(a) "EBT Year" Section 1.5(a) "employee pension benefit plan" Section 4.18(a)(7) "Employee Plans" Section 4.18(a)(2) "employee welfare benefit plan" Section 4.18(a)(8) "Employment Agreement" Section 3.4 "Environmental Claims" Section 10.3(c) "Environmental Laws" Section 4.24(a)(2) "Environmental Permits" Section 4.24(a)(3) "Environmental Proceedings" Section 4.24(a)(1) "Environmental Response Costs" Section 10.3 "ERISA" Section 4.18(a)(3) "ERISA Affiliate" Section 4.18(a)(4) "Excluded Assets" Section 1.1 "FICA" Section 3.8 "Final Closing Net Worth" Section 1.3(b) "Final Closing Net Worth Statement" Section 1.3(b) "Final Payroll" Section 1.2(c) "Financial Statements" Section 4.5 "Fixed Portion of the Purchase Price" Section 1.2(a) "Funded Debt" Section 1.2(b) SCHEDULE 1 (CONT'D.)

Closing Net Worth Statement has the meaning ascribed thereto in Section 2.16(a) of this Agreement.