Completion Accounts Date definition
Examples of Completion Accounts Date in a sentence
All liabilities of the Company in respect of any consultancy or management services agreements in existence prior to Completion will have been fully settled prior to the Completion Accounts Date.
The quoted investments held by the Group at the Completion Accounts Date will be valued at market value as at the Completion Accounts Date.
Prepayments will only be included where such prepayments will give rise to a benefit to the Group after the Completion Accounts Date or are expected to be recovered in full from promoters or other third parties.
As at the Completion Accounts Date, the Company will have no liabilities known, actual or contingent (including contingent liabilities) which are not disclosed, noted or provided for in the Completion Accounts or included for the computation of the Net Amount in accordance with Clause 3.03.
To the extent that there are any payment delinquencies under any of the Leases as of the Completion Accounts Date (“Outstanding Lease Payments”), the Sellers shall have the right at their own expense, and after prior consultation with the Buyer, the Sellers shall cause the Companies to take, whatever action they deem reasonably appropriate and necessary to recover the Outstanding Lease Payments.