Draft Completion Accounts definition

Draft Completion Accounts has the meaning given in paragraph 1 of Schedule 9;

Draft Completion Accounts means the draft Completion Accounts prepared by the Buyer in accordance with paragraph 2.1 of this Schedule 6;

Draft Completion Accounts means a statement of assets and liabilities for the Company as at the Effective Time, in the form and with the line items set out in Part B of Schedule 4 (Completion Accounts) and which has been prepared in accordance with Part A of Schedule 4 (Preparation of Completion Accounts);

Examples of Draft Completion Accounts in a sentence

• The Buyer shall procure that Draft Completion Accounts are prepared in accordance with the provisions of this Part A of Schedule 4 and on the basis of the Accounting Policies.

• If the Expert fails to do so then either the Buyer or the Seller Representative may discharge the Expert and by notice in writing to the other require the Draft Completion Accounts to be referred for determination by another person nominated and engaged in accordance with this Paragraph 5.

• Each party shall be responsible for its own costs in respect of the negotiation and agreement of the Draft Completion Accounts and the Completion Accounts.

• Either party may dispute the Draft Completion Accounts and/or Draft Adjustment Statement by giving notice (in this Schedule 5 the “Notice”) in writing to the other party within 10 Business Days of receiving the Draft Completion Accounts and Draft Adjustment Statement.

• For the purposes of reviewing the Draft Completion Accounts and/or Draft Adjustment Statement each of the parties (and their accountants as appropriate) shall be afforded reasonable access to the books and records of the Company as are appropriate for such review and the relevant working papers of the Company’s Auditors used in auditing the Draft Completion Accounts and the Draft Adjustment Statement.

More Definitions of Draft Completion Accounts

Draft Completion Accounts has the meaning given to that term in Part 1 of Schedule 6;

Draft Completion Accounts has the meaning given in Paragraph 4.1;

Draft Completion Accounts a draft of the Completion Accounts prepared in accordance with the requirements of this Schedule. Expert: a person appointed in accordance with paragraph 3 of Part 1 of this Schedule to resolve any dispute arising in the preparation of the Completion Accounts. UK GAAP: generally accepted accounting principles applied in the UK, incorporating Statements of Standard Accounting Practice, Financial Reporting Standards and Urgent Issues Task Force Abstracts issued by the Accounting Standards Board, in each case as in force at the date of this agreement.

Draft Completion Accounts has the meaning given in Clause 7.1(a);

Draft Completion Accounts a draft of the Completion Accounts prepared in accordance with the requirements of Schedule 7 (Completion Accounts);

Draft Completion Accounts a draft of the Completion Accounts prepared in accordance with the requirements of this Part 9 of the Schedule. Expert: a person appointed in accordance with paragraph 3 of this Part 9 of the Schedule to resolve any dispute arising in the preparation of the Completion Accounts. Sellers’ Accountants: such accountants appointed by the Sellers. UK GAAP: generally accepted accounting principles applied in the UK, incorporating Statements of Standard Accounting Practice, Financial Reporting Standards and Urgent Issues Task Force Abstracts issued by the Accounting Standards Board, in each case as in force at the date of this agreement.

Draft Completion Accounts a draft of the Completion Accounts prepared in accordance with the requirements of this Schedule.