Draft Closing Accounts definition

Draft Closing Accounts shall have the meaning set out in Clause 6.3.

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Draft Closing Accounts has the meaning given to it in Section 3.4.1;

Draft Closing Accounts has the meaning specified in Schedule 3.

Examples of Draft Closing Accounts in a sentence

The Expert shall, taking account of any matters already agreed by the Sellers and the Purchaser, also determine the changes (if any) to be made to the Draft Closing Accounts, which as so changed, shall replace the previously submitted Draft Closing Accounts.
The Sellers shall be deemed to have agreed with all items and amounts contained in the Draft Closing Accounts which are not raised in the Dispute Report, and to such extent the Draft Closing Accounts shall become final and binding upon the Sellers and the Purchaser.
The Seller shall use commercially reasonable efforts to cause the Seller's Accountants to have substantially completed their audit work by the time the Draft Closing Accounts are delivered pursuant to this Section.
Upon delivery of the Draft Closing Accounts and prior to their certification by the Seller's Accountants, the Purchaser's Accountants will be provided with access to the work papers, schedules (including a schedule of all unadjusted differences and errors identified during the audit) and other documents, prepared by or reviewed by the Seller's Accountants in connection with both the preparation of the Draft Closing Accounts and the March 31, 2002 fiscal year end corporate financial statements.
The Buyer shall procure the preparation and submission to the Individual Sellers’ Representative and the Institutional Sellers of a draft of the Closing Accounts ("Draft Closing Accounts") within 90 calendar days after Closing.
If and to the extent the Purchaser does not state its objections in accordance with the requirements of Clause 5.4.1, the Draft Closing Accounts will with the expiration of the Dispute Period become final and binding between the Parties.
If Seller or Purchaser disputes the preparation of the Draft Closing Accounts and the computation of the Net Asset Value he or it shall within the Review Period promptly give written notice to the other of the facts and matters in dispute together with details of the grounds on which such matter is disputed.
In preparing the Closing Accounts, accrued income will be recognized as an asset to the extent allowable in accordance with UK GAAP at the date of submission of the Draft Closing Accounts in accordance with Part II of this Schedule.
If the Response Notice is served within the Response Period and states that the Sellers agree with the Draft Closing Accounts, then such accounts shall constitute the Closing Accounts.
If the Individual Sellers’ Representative and the Institutional Sellers do not serve the Response Notice within the Response Period, then the Sellers shall be deemed to have agreed the Draft Closing Accounts, and such accounts shall constitute the Closing Accounts.

More Definitions of Draft Closing Accounts

Draft Closing Accounts has the meaning set out in Clause 9.3.1. “Drawing” has the meaning set out in Clause 5.1.3. “Earn Out Amount” has the meaning set out in Clause 3.3.3. /// 59 NOTARIZED VERSION “Environment” means all or any of the following: air (including the air in buildings), water (including water bodies, groundwater, water under or within land or in drains or in sewers), soil, soil gas, land, biota, buildings and installations or other man-made structures. “Environmental Law” means the legal provisions and governmental regulations concerning the protection of the Environment, applicable at the time of the Closing, in the form as applied by the respective competent authority, including legal provisions which have been enacted but have not yet entered into force as well as legal provisions to be enacted under European Directives which have not yet been implemented in the relevant jurisdiction. “Environmental Permit” means any licence, approval, authorisation, permission, agreement or exemption granted under any legal provision or other governmental regulation for the protection of the environment applicable at the date of this Agreement in the form as applied by the respective competent authority. “Escrow Amount” has the meaning set forth in Clause 5.1.8. “Escrow Auditor” has the meaning set out in Clause 5.3.1(ii). “Euro”, “euro”, “EUR” and “€” each means the lawful currency of such sovereigns which as members of the European Union belong to the monetary union pursuant to the “Treaty of Lisbon amending the Treaty on European Union and the Treaty establishing the European Community” dated 13 December 2007 (OJ 2007/C 306/01) at such point in time as relevant pursuant to this Agreement. “European Target Cash Amount” has the meaning as set out in Clause 3.2.1(i). “Expert Arbitrator” has the meaning set out in Clause 9.3.3. “Financial Debt” means the amount of the following obligations of each Group Company, including accrued interest, if any,:

Draft Closing Accounts is defined in Clause 5.3.1.

Draft Closing Accounts shall have the meaning ascribed to such term in Section 2.3.

Draft Closing Accounts has the meaning given in paragraph 1.1, Part 3 (Preparation, Delivery and Agreement) of Schedule 6 (Closing Accounts);