Estimated Settlement Statement definition

Estimated Settlement Statement has the meaning set forth in Section 2.08(d).

Estimated Settlement Statement shall have the meaning set forth in Section 3.03(a).

Estimated Settlement Statement has the meaning set forth in Section 1.4(a).

Examples of Estimated Settlement Statement in a sentence

• Seller shall in good faith consider any changes requested by Buyer to the Estimated Settlement Statement and the Funds Flow Statement.

• The net amount of any Unsettled Intercompany Obligations shall be specifically identified in the Estimated Settlement Statement and the Final Settlement Statement.

• The Parties shall in good faith attempt to agree in writing on the Estimated Settlement Statement as soon as possible after Xxxxxx’s receipt of the Estimated Settlement Statement.

• For the avoidance of doubt, the Transfer of the Excluded Assets from the Targets to Sellers pursuant to this Section 2(b)(i) will be taken into account for purposes of the preparation of the Estimated Settlement Statement, the Proposed Final Settlement Statement and the calculation of the Estimated Capital and Surplus and the Proposed Final Capital and Surplus.

• Notwithstanding anything to the contrary contained herein, the Estimated Settlement Statement and Actual Settlement Statement shall reflect as a credit to Xxxxxxx an amount equal to all Impositions (other than Impositions that are the Lessors' responsibility under the Lease Agreements), if any, payable or accrued with respect to all of the Hotels as of the Effective Date.

• Using the pro ration methodology set forth in Exhibit E hereto, Xxxxxxx and CapStar will, by no later than July 31, 2002, agree on an estimated settlement statement (the "Estimated Settlement Statement") that prorates the operating revenues and expenses and working capital of each Hotel between the parties as of the Cut-Off Time.

• Within two (2) Business Days after Xxxxx’s receipt of the Estimated Settlement Statement, Buyer shall deliver to Seller a written report containing all changes that Buyer proposes in good faith to be made to the Estimated Settlement Statement, together with the explanation therefor and the supporting documents thereof, if available.

• Notwithstanding anything to the contrary contained herein, the Estimated Settlement Statement and Actual Settlement Statement shall reflect as a credit to Xxxxxxx an amount equal to all accounts payable and accrued liabilities as of the Effective Date with respect to goods and services delivered to a Hotel prior to the Effective Date.

• Notwithstanding anything to the contrary contained herein, the Estimated Settlement Statement and Actual Settlement Statement shall reflect as a credit to CapStar an amount equal to all guest ledger accounts receivable at the Hotels less the allowance for doubtful accounts balance as of the Effective Date.

• DRI has delivered to XTO and the Parties have agreed upon a detailed breakdown of the Upward Adjustments and Downward Adjustments attributable to the Retained Interests and the Additional Xxxxx, which breakdown is based on the amount provided in the applicable Estimated Settlement Statement (except with respect to any amounts related to Title Defects and Title Benefits affecting such Assets, which treatment is further described herein).

More Definitions of Estimated Settlement Statement

Estimated Settlement Statement is defined in Section 2.4(b). “Estimated Transaction Expenses” is defined in Section 2.4(b). “Event of Loss” means a fire, explosion, hurricane, storm surge, natural disaster or other act of God. “Execution Date” is defined in the preamble to this Agreement. “Expiration Date” means (a) with respect to the Debt Financing set forth in the Debt Commitment Letters in effect on the Execution Date, “Expiration Date” as defined in the Debt

Estimated Settlement Statement is defined in Section 2.3(a). “Estimated Working Capital” means $5,322,974. “Evaluation Material” is defined in Section 7.2(a). “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. “Excluded Liability” has the meaning set forth on Exhibit F.

Estimated Settlement Statement is defined in Section 2.3(b).