Examples of DE Closing in a sentence
If prior to the issuance of the HUD Approval, HUD shall not have reinspected the DE Facility and cleared the deficiencies set forth in the Inspection Report, Sellers under the Amended Focus Agreement (other than DIA and Focus DE) shall be solely responsible for the cost of clearing any of the deficiencies in the Inspection Report not cleared by HUD as a result of HUD’s reinspection of the DE Facility after the DE Closing.
Moreover, the Companies agree, at the expense of Sellers under the Amended Focus Agreement (other than DIA and Focus DE), prior to the DE Closing (a) to promptly correct (if not heretofore corrected) the physical deficiencies and the EH&S violations set forth in HUD’s physical inspection report (“Inspection Report”) of the DE Facility dated December 30, 2005, and (b) to provide HUD as soon as possible with certifications that the repairs required by the Inspection Report have been made.
The Company shall have delivered to such Purchaser an Officer’s Certificate, dated the date of the Applicable Closing Day, certifying that the conditions specified in Sections 4.1, 4.2 and 4.8 and, in the case of the Series D/E Closing Day, the conditions specified in Section 4.13 (together with supporting calculations in reasonable detail), have been fulfilled.
On the terms and subject to the conditions of this Agreement, at the DE Closing, the Focus DE Asset Purchase Price, subject to the adjustments set forth above in (a)(i) and (ii), less Two Million Dollars ($2,000,000), shall be delivered by HHC Delaware to the Seller Representative by wire transfer to an account designated by the Seller Representative.
In accordance with Section 12.2 and other provisions of this Agreement, Purchaser and its Affiliates and DIA (after the DE Closing) will cooperate with Sellers (other than DIA if the DE Closing occurs) in providing information required to prepare such Tax Returns and in effecting any such filings.
Within thirty (30) calendar days following the end of each calendar month ending after October 2005 and prior to the Closings, Sellers (or after the Closing, but before the DE Closing, DIA and Focus DE) shall deliver to Purchaser a complete copy of the unaudited, unconsolidated balance sheets and related unaudited, unconsolidated statements of operations of Sellers for such month then ended, together with corresponding year-to-date amounts.
The liability of each Seller (other than DIA if the DE Closing occurs) hereunder shall be joint and several with each other Seller.
Sellers (excluding DIA if the DE Closing occurs) shall indemnify Purchaser and hold Purchaser harmless for any liability of Purchaser for any amount that was required to be withheld from the Aggregate Purchase Price (including the Merger Purchase Price and the Focus DE Asset Purchase Price payable pursuant to the Agreement and Plan of Merger) with respect to any Tax of any Seller, or any Tax of any Member, and that was not so withheld.
Where in this Agreement or the Agreement and Plan of Merger provision is made for any action to be taken or not taken by any Seller, Sellers (other than DIA if the DE Closing occurs) jointly and severally undertake to cause each Seller (other than DIA if the DE Closing occurs) to take or not take such action, as the case may be.
Sellers (other than DIA if the DE Closing occurs) shall prepare and file all Tax Returns required to be filed by DIA for periods ending on or before the date of the DE Closing.