Examples of Effective Time Balance Sheet in a sentence
A copy of the Effective Time Balance Sheet shall be promptly furnished to the Buyer.
If the Buyer disagrees with the Tangible Net Worth, the Buyer shall engage an independent public accounting firm, at its expense, to audit the Effective Time Balance Sheet and deliver a certified written report to the Seller confirming the Tangible Net Worth ("Audited Tangible Net Worth").
Any refunds (including interest thereon) of Taxes paid or indemnified by Seller pursuant to Section 13.1(a) or for which a reserve was included on the Effective Time Balance Sheet shall be for the account of Seller.
The Effective Time Balance Sheet, the Effective Time Net Equity and the Change in Net Equity shall be prepared from the books and records of the Company in accordance with GAAP (and shall contain the same components and be prepared on a basis consistent with the preparation of the Current Balance Sheet, as the methodology of the components and preparation of such Current Balance Sheet is identified on Section 2.4(a) of Seller’s Disclosure Schedules).
Any refunds (including interest thereon) of Taxes paid or indemnified by Buyer pursuant to Section 13.1(b) (other than those for which a reserve was included on the Effective Time Balance Sheet) shall be for the account of Buyer.
If the Neutral Accounting Firm should conclude that it is unable to determine one or more issues or amounts necessary to complete an audit of the Effective Time Balance Sheet, the Change in Net Equity and prepare and deliver the Neutral Accounting Report, it shall promptly so notify Buyer and Seller who shall endeavor to jointly agree on such issue or amount.
The Company has not received payments prior to the Effective Time from counterparties under any of the Material Contracts earlier than required under such Material Contracts for services that will not be performed by the Company prior to the Closing Date, except to the extent the liability with respect to the provision of such services is reflected in the Effective Time Balance Sheet.
If the Buyer disagrees with the Tangible Net Worth, the Buyer shall engage an independent public accounting firm, at its expense, to audit the Effective Time Balance Sheet and deliver a certified written report to the Sellers confirming the Tangible Net Worth ("Audited Tangible Net Worth").
At least ten (10) calendar days prior to the date on which the parties hereto anticipate that the Effective Time will fall, the Company will deliver to Fiserv and Trewit what it believes to be the Effective Time Balance Sheet.
As soon as practicable but within sixty (60) days after the Effective Date, the Seller, at his expense, shall cause Xxxxx Xxxxxx & Company, L.L.C., an independent certified public accountant, to prepare combined balance sheets of the Companies immediately prior to the Effective Time (the "Effective Time Balance Sheet") setting forth the tangible net worth of the Company using accrual accounting and in conformance with generally accepted accounting principles (the "Tangible Net Worth").