Examples of Company Expenses in a sentence
The Parties hereby agree and acknowledge that the Tax deductions associated with the Company Expenses (including the Company’s share of any payroll Taxes thereon) shall be allocated to the applicable Pre-Closing Tax Periods ending on the Closing Date or portions of the applicable Straddle Periods ending on the Closing Date, in each case to the extent permitted by applicable Law under a “more likely than not” standard.
Prior to the date hereof, the Stockholder Representative prepared in good faith and delivered to Buyer a statement, attached hereto as Exhibit B (the “Closing Statement”), setting forth the Stockholders’ good faith estimate of the Indebtedness as of immediately prior to Closing (the “Estimated Indebtedness”), and Company Expenses as of immediately prior to the Closing (the “Estimated Company Expenses”) and the Stockholders’ determination of the Cash Purchase Price based upon such estimates.
Estimated Indebtedness $ 0 Estimated Company Expenses $ 2,249,986.26 Cash Purchase Price $ 22,750,013.74 Exhibit C ORDERLY DISTRIBUTION NOTICE See attached.