Examples of Draft Closing Date Statement in a sentence
The Third Party Auditors shall allow each of Agent and Purchaser to present its position regarding the Draft Closing Date Statement, and each of Agent and Purchaser will have the right to present additional documents, materials and other information, and make an oral presentation to the Third Party Auditors regarding the dispute.
The parties shall use their reasonable best efforts to procure that the Company’s Auditors deliver to the Purchaser and the Seller a final and binding Closing Date Statement no later than the date twenty (20) days following the last date on which a timely Objection Notice was received (the date on which the Draft Closing Date Statement is deemed final and binding or the date in which the Closing Date Statement is delivered, as applicable, shall be referred to as the “Reimbursement Determination Date”).
If an Objection Notice is not so delivered to the Purchaser, the Draft Closing Date Statement shall become the “Closing Date Statement” for the purposes hereof and the Working Capital and the Net Debt set forth in the Draft Closing Date Statement will be conclusive and binding on the Parties.
Except for those items and amounts subject to the notice of objection, Agent shall be deemed to have agreed with all other items and amounts contained in the Draft Closing Date Statement delivered by Purchaser pursuant to Section 2.4.1.
Within 10 Business Days following delivery of the Draft Closing Date Statement, Agent shall notify Purchaser in writing if it has any objections to the Draft Closing Date Statement.
The Purchaser shall have 15 Business Days to challenge the accuracy of the Draft Closing Date Statement by notice to the Seller, detailing such objections in reasonable detail and proposing a revised calculation (the “Dispute Notice”).
Permitted Liens 2.4 Draft Closing Date Statement 4.2(i) Consents 4.3(c) Regulatory Approvals Unless the context otherwise requires, words and expressions defined in this Agreement will have the same meanings in the Schedules and the interpretation provisions set out in this Agreement apply to the Schedules.
During the twenty five (25) day period (the “Review Period”) following the Seller’s receipt of the Draft Closing Date Statement, the Purchaser shall, and shall cause the Company to, make available to the Seller and its Representatives all documents and other records of the Company relating to the Draft Closing Date Statement reasonably requested by the Seller.
Such revised Draft Closing Date Statement will be final, conclusive and binding upon the Parties, and will not be subject to appeal, absent manifest error.
The Draft Closing Date Statement shall be denominated in Euro and (except as required by the definitions of Net Indebtedness and Net Working Capital) shall be prepared in accordance with IFRS applied on a basis consistent with the preparation of the Accounts (to the extent that the differences between IFRS and Hungarian generally accepted accounting principles allow).