Closing Statement Date definition

Closing Statement Date has the meaning set forth in Section 1.05(b).

Closing Statement Date shall have the meaning specified in Section 3.2(a).

Closing Statement Date is defined in Section 2.3(f).

Examples of Closing Statement Date in a sentence

• The term of his employment agreement will expire (unless earlier terminated) on April 1, 2021 and will automatically renew for additional one-year terms.

• The Consideration paid at Closing will be an amount equal to HK$14,497 million in cash and will be adjusted following Closing to take account of External Debt, Cash, Working Capital and Capex Spend as at the Closing Statement Date.

• In the event that Seller agrees with Buyer’s determination of the actual amounts of the Adjustment Amounts (together with a calculation of the Purchase Price based thereon) and the Closing Statement Date Shortfall Amount and the Definitive Shortfall Amount, Seller shall promptly notify Buyer in writing, and following such notice the Closing Statement or Shortfall Statement, as applicable, will be final, conclusive and binding on the Parties and not subject to further review.

• Until the third anniversary of the Closing Statement Date, to the extent that any third party brings any Action against Buyer with respect to any Shortfall Amount not included in either the Final Definitive Shortfall Amount or the Final Closing Shortfall Amount (or the final Shortfall Amount determined in accordance with Section 2.5(d)), Seller shall reimburse the Buyer for the amount of such Shortfall Amount paid to such third party.

• The Purchase Price shall be adjusted following the Closing as follows: (i) plus the amount, if any, by which any Closing Receivables exceeds any Closing Payables on the Closing Statement Date, (ii) minus the amount, if any, by which any Closing Payables exceed any Closing Receivables, and (iii) plus the Closing Cash, and payment shall be made in respect of any such post-Closing adjustment as set forth in Section 1.3(c)(ii).

• If Buyer does not deliver the Closing Statement to Seller by the Closing Statement Date, then Seller may prepare and present the Closing Statement within an additional forty-five (45) days thereafter.

• Closing Adjustment The First Tranche Consideration will be adjusted by the Closing Adjustment, which shall be derived based on the closing statements of the Target Group as determined at close of business on the Closing Statement Date pursuant to the Sale and Purchase Agreement.

• Since the Estimated Closing Statement Date, the Business has been conducted in the ordinary course and consistent with past practice.

• Schedule 4.12 contains an aged list of Accounts Receivable as of the Estimated Closing Statement Date, showing separately those Accounts Receivable that as of such date had been outstanding for (a) 30 days or less, (b) 31 to 60 days, and (c) 61 to 90 days.

• If the Closing Statement Date Shortfall Amount as finally determined pursuant to S ection 2.5(b) (the “Final Closing Shortfall Amount”) exceeds the Estimated Shortfall Amount, Parent shall, or shall cause Seller to, pay to Buyer an amount equal to such excess by wire transfer of immediately available funds within three (3) Business Days after the date on which the Final Closing Shortfall Amount is finally determined.

More Definitions of Closing Statement Date

Closing Statement Date means the last day of the month preceding the month in which the Closing occurs. COBRA means Section 601 et seq. of ERISA and Section 4980B of the Code.

Closing Statement Date means the Closing Date if it is the last day of the month and, if not, the last day of the month prior to the Closing Date, or such other day as is agreed between the Principal Seller and the Purchaser;

Closing Statement Date means the last day of the last full calendar month next preceding the Closing Date.

Closing Statement Date one hundred (100) days after the Closing Date.

Closing Statement Date. As defined in Section 4.1(d).