Examples of Effective Date Financial Statements in a sentence
For the avoidance of doubt, where relevant, the adjustments shall be determined from the Effective Date Financial Statements in respect of the Group as indicated in Exhibit 2.3 (Part II).
The relevant Purchaser shall pay to the Sellers an amount equal to any refunds received in cash with respect to Tax of the Companies or Subsidiaries for Tax periods ending on or before the Effective Date except for those refunds taken into account as an asset in the Effective Date Financial Statements.
Sellers shall use their best efforts to ensure that the Effective Date Financial Statements and the Effective Date Certificates will be delivered to Purchasers by no later than two months after the date hereof.
The Effective Date Financial Statements shall be prepared in accordance with GAAP applied on a basis consistent with that used in, and in accordance with the same accounting principles applied in, the preparation of the Parent Audited Financial Statements and shall include all such information and schedules as are required by Regulation S-X of the Securities and Exchange Commission to permit their inclusion in the securities law filings of the Buyer.
Sellers shall be entitled to designate – at their costs – a member of an accounting firm of international standing (the “Sellers’ Accountant”) to observe and comment on the preparation of the Effective Date Financial Statements and the individual financial statements of the Companies (without prejudice to Sellers’ rights pursuant to Section 3.3 below).