Closing Statement definition
Examples of Closing Statement in a sentence
The Purchaser shall pay, or cause to be paid, on behalf of the Company and its Subsidiaries, as applicable, the Indebtedness of the Company or its Subsidiaries of the type set forth on Section 1.3(d) of the Disclosure Schedule (the “Payoff Indebtedness”) included in the Estimated Indebtedness Amount in accordance with the Closing Statement by wire transfer of immediately available funds to the account(s) as may be specified therein or by such other method of payment as may be specified therein.
If the Preliminary Statement is not delivered to the Seller in accordance with this Agreement within ninety (90) days after the Closing, without limiting any other remedies of the Seller, the Seller may elect to prepare the Preliminary Statement and send the same to the Purchaser for review or elect to have the Closing Statement be the Preliminary Statement and to have it be final, binding and non-appealable by the Parties.
With respect to ▇▇▇▇▇’s preparation and analysis of the Adjusted Closing Statement and the resolution of any disputes thereunder, Seller shall use commercially reasonable efforts to make available to Buyer and its Representatives, upon reasonable prior notice, reasonable access to personnel of Seller during normal business hours and without material interference to the normal business operations of Seller.