Examples of Draft Closing Statements in a sentence
In such event, the Sellers’ Agent and the Purchaser shall attempt, in good faith, to resolve their differences with respect thereto within thirty (30) days after the receipt by the Purchaser of the Dispute Notice and make any amendments to the Draft Closing Statements as mutually agreed to by the parties.
The consultant compares it with original schedule described in Annual Work Plan.
Strong water table oscillations are particularly pronounced in the Dinaric karst that stretches along the Adriatic coast, characterized by vast karst plateaus in- tersected by karst poljes.
The parties agree that the Repaired Watches and Retained Watches are among those Watches included on Schedule 5.5(a), and accordingly will not be considered Inventory and are not and will not be included on the Preliminary Draft Closing Statements and the Draft Closing Statement.
Any dispute over any of the Draft Closing Statements or the calculation of Closing Date Working Capital as set forth in the Dispute Notice not resolved by the Purchaser and the Sellers’ Agent within such thirty (30) day period after receipt of the Dispute Notice (or such other period as the parties may agree) shall be submitted to the Independent Auditor to determine such dispute, and such determination shall be final and binding on the parties.
The Adjustment Report shall set forth, in reasonable detail, the Independent Auditor’s determination with respect to each of the disputed items or amounts specified in the Dispute Notice, and the revisions, if any, to be made to any of the Draft Closing Statements and/or the Closing Date Working Capital, together with supporting calculations, and the parties shall make such revisions to the Draft Closing Statements, as applicable.
Likewise, at the Sellers’ request, the Buyer shall provide to the Sellers and Sellers’ accountant access to the books, records and employees of the Companies (as well as reasonable access to the Buyer’ and the Buyer’s accountants’ working papers relating to the drafting of the Draft Closing Statements), as reasonably required by the Sellers to understand the Draft Closing Statements.
Except for the matters specifically set out in the Objection Notice, the Sellers shall be deemed to have agreed the Draft Closing Statements in full.
SPECIFIC ACCOUNTING TREATMENTS The following Specific Accounting Treatments shall apply in the preparation of the Draft Closing Statements and of the Closing Statements: (a) The Draft Closing Statements shall be prepared as of the Reference Date.
The Selected Accounting Firm shall be prohibited from changing any item of the Draft Closing Statements expressly agreed among the Purchaser, the Purchaser's Accountants, the Seller and the Seller's Accountants.