Company Closing Date Balance Sheet definition

Company Closing Date Balance Sheet means the balance sheet of the Company as of the Closing Date which sets forth all of the assets and Liabilities of the Company as of the Closing Date.

Company Closing Date Balance Sheet. Section 2.5.1 "Company Disclosure Letter" Article III "Company Final Tax Return" Section 6.7.3(i) "Company Interim Balance Sheet" Section 3.2.1(b) "Company Interim Financial Statements" Section 3.2.1(b) "Company LLC Agreement" Section 6.24(a) "Company Net Adjustment to Buyer" Section 2.5.1 "Company Net Adjustment to Selling Members" Section 2.5.1 "Company Plans" Section 3.14.2 "Company Shares" Section 2.1 "Company Tax Loss" Section 6.7.1 "Confidentiality Agreement" Section 6.3

Examples of Company Closing Date Balance Sheet in a sentence

• Buyer shall, as of one hundred twenty (120) days following the Closing Date, audit the accuracy and completeness of the accounts payable of the Company and its Subsidiaries as reflected on the Company Closing Date Balance Sheet and shall notify Sellers' Representative of any errors, positive or negative, in the statement of accounts payable in the Company Closing Date Balance Sheet.

• Such adjustment shall be determined on the basis of a Closing Date balance sheet of Company and its Subsidiaries prepared by or on behalf of the Selling Members by the Sellers' Representative in accordance with Company's GAAP (the "Company Closing Date Balance Sheet").

• The Company Closing Date Balance Sheet shall be delivered to Buyer within forty-five (45) days following Closing.

• If the actual accounts payable exceeded the amount reflected on the Company Closing Date Balance Sheet, then Selling Members, severally and not jointly, shall reimburse Buyer in the amount of such understatement.

• If the actual accounts payable as of the date of the Company Closing Date Balance Sheet were less than the amount reflected on the Company Closing Date Balance Sheet, then Buyer shall reimburse Sellers' Representative on behalf of Selling Members in the aggregate amount of such overstatement.

• Notwithstanding anything herein to the contrary, the Company Closing Date Balance Sheet shall include an accrual for a customer cancellation reserve equal to .22% of the Company's consolidated total revenue for the twelve months preceding the Closing Date.