Examples of Completion Statement in a sentence
Items or balances at the Effective Time of a similar nature to items or balances included in the Consideration Calculation Spreadsheet will be included in the Completion Statement in the same line as such similar items were included in the Consideration Calculation Spreadsheet, in order to preserve a strict principle of balance sheet classification continuity.
If the corporation tax payments on account are greater than the corporation tax accrued, the difference will be included as Cash in the Completion Statement.
The post-Completion actions, intentions or obligations of the Buyers in relation to the Company shall not be taken into account in the Completion Statement.
Where a Group Relief Surrender has not been made as at Completion but has been taken into account in the Completion Statement, the parties shall, and shall procure that the relevant member of the Sellers’ Group, Group Member or Buyers’ Group (as applicable) shall, co-operate with the aim of ensuring that such Group Relief Surrender is validly made within applicable time limits and that the relevant company obtains the benefit of such Group Relief Surrender.
The Completion Statement will not include any liabilities relating to Leases (including any liabilities relating to the Loudwater Property) within Debt and will be allocated to the column headed “Other” in the Consideration Calculation Spreadsheet.