Examples of Draft Net Working Capital Statement in a sentence
The determination of the Accounting Referee shall be final and binding upon the parties hereto and shall not be subject to appeal, except where there exists a discrepancy in excess of $500,000 between such determination and the amount set forth in the Draft Net Working Capital Statement delivered by Purchaser.
He was also a Post-Doctoral Fellow in the Division of Engineering and Applied Sciences at Harvard University.
The Sellers’ Representative shall be deemed to have accepted the Draft Net Working Capital Statement if it does not notify the Purchaser of its objection within the period referred to in the first sentence of this Section 1.4.4.
If the Sellers’ Representative disputes the Draft Net Working Capital Statement, the Sellers’ Representative and the Purchaser shall work expeditiously and in good faith in an attempt to resolve such dispute within a period of twenty (20) days after the date of notification by the Sellers’ Representative to the Purchaser of such dispute, failing which the dispute shall be submitted for determination to Ernst & Young (“ Accounting Referee”).
Within forty-five (45) days following receipt by the Sellers’ Representative of the Draft Net Working Capital Statement, the Sellers’ Representative shall notify the Purchaser in writing if it has any objections thereto.
The Draft Net Working Capital Statement will be prepared consistent with the accounting methodology used to calculate the draft calculations as outlined in Exhibit C and, unless otherwise specifically provided on Exhibit C, in accordance with GAAP.