Closing Statement Objection Notice definition

Closing Statement Objection Notice has the meaning set forth in Section 2.08(c).

Closing Statement Objection Notice has the meaning set forth in Section 2.4(b).

Closing Statement Objection Notice has the meaning set forth in Section 1.5.2. “Closing Statement Review Period” has the meaning set forth in Section 1.5.2. “Closing Taxes” means any unpaid Taxes of the Company and its Subsidiaries incurred or accruing for Pre-Closing Tax Periods; provided that, for the avoidance of doubt, such amounts shall include reasonable estimates thereof for any taxable periods (or portions thereof, as determined in accordance with Section 10.3 that end on or include the Closing Date); provided, however, that Bonus Tax Deductions shall not be taken into account in the determination of Closing Taxes.

Examples of Closing Statement Objection Notice in a sentence

• Measurements shall be submitted on forms provided by, or specified by, the Department.

• If Buyer and Seller are unable to resolve any dispute set forth in the Closing Statement Objection Notice within 30 days after Buyer’s receipt of such notice of dispute, then Seller and Buyer agree to attempt to resolve any dispute through their respective accountants (which may be the internal auditors and/or employees of Buyer or may be external accountants representing either Seller or Buyer).

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• The Closing Statement Objection Notice shall specify in reasonable detail those items or amounts as to which the Vendors’ Representative disagrees, and the Vendors’ Representative shall be deemed to have agreed with all other items and amounts contained in the Closing Statement.

• If Affinity does not deliver a Closing Statement Objection Notice to Buyer on or before the expiration of the Review Period, Affinity shall be deemed to have accepted the Closing Statement and the calculations therein in full.

• If the Vendors shall have delivered the Closing Statement Objection Notice within the 10-day period referred to in Section 2.4(3) above, then the Vendors’ Representative and the Purchaser shall, during the thirty (30) day period following such delivery, Share Purchase Agreement use their good faith efforts to reach agreement on the disputed items or amounts.

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• If the Vendors’ Representative do not deliver a Closing Statement Objection Notice during such 10-day period, the Vendors’ Representative and the Vendors shall be deemed to have accepted the calculation in the Closing Statement.

• If the Buyer and the Seller Representative reconcile all of the disputes set forth in the Closing Statement Objection Notice, the Closing Working Capital shall be adjusted accordingly and shall thereupon become binding, final and conclusive upon all of the parties hereto and enforceable in a court of law.