Examples of Final Adjustment Schedule in a sentence
If Parent, the Stockholders Representative or TCI Xxxxxxx does not provide notice of dispute within 45 days after delivery of the Company Audited Financial Statements and the Final Adjustment Schedule, the Company Audited Financial Statements and the Adjustments to the Stock Merger Consideration based on the Company Audited Financial Statements and the Final Adjustment Schedule shall be final, conclusive and binding.
Purchaser shall pay to the Members any Taxes of the Company due in respect of a Seller Filed Tax Return that is required to be initially filed after the Closing Date (taking into account extensions) to the extent such Taxes were reflected as a current liability on the Final Adjustment Schedule at least five (5) Business Days prior to the filing of such Seller Filed Tax Return.
In addition to the payments due under the Final Adjustment Schedule: Seller shall reimburse the Purchaser for the amount of any Closing Receivables reflected on the Closing Date Balance Sheet and the Final Adjustment Schedule which are not collected by the Purchaser within the earlier of sixty (60) days after their due date or one hundred twenty (120) days from the date of the Final Adjustment Schedule.
Any Tax refund or credit for overpayment of Tax in lieu of a refund relating to the Company Group (A) for any Pre-Closing Tax Period or (B) in respect of any other Taxes which Stockholders have paid under Section 10.1(c), in each case, net of any costs incurred by Parent or any of its Affiliates in obtaining such refund or credit, shall be (without duplication) for the account of Stockholders, except to the extent such refund or credit is reflected as an asset in the Final Adjustment Schedule.
As soon as practicable, but in no event later than 90 days following the Effective Date, Parent shall deliver to the Stockholders Representative a final calculation of the Adjustments to the Base Merger Consideration (the "Final Adjustment Schedule").
The Arbitrator shall act as an arbitrator and shall issue its report as to the contents of the Closing Date Balance Sheet and the determination of the Purchase Price Adjustment reflected in the Final Adjustment Schedule within sixty (60) days after such dispute is referred to the Arbitrator.
If the Stockholders Representative does not provide notice of dispute within 30 days after delivery of the Final Adjustment Schedule, the Adjustments to the Base Merger Consideration based on the Final Adjustment Schedule shall be final, conclusive and binding.
Parent and Sub will afford to Stockholders Representative and to his accountants, counsel and other representatives reasonable access during normal business hours (and at such other times as the parties mutually agree) throughout the 30 day period following delivery of the Final Adjustment Schedule to the relevant Company books and records for the purposes of verifying such final calculations.
The indemnity obligations of this Section 5.13 shall not apply to any Taxes that were included in the Final Adjustment Schedule as a “current liability” for purposes of determining Net Working Capital.
In the event that the Final Adjustment Schedule shall reflect amounts due to both Parent and the Purchaser, such amounts shall be netted to reflect one payment which shall be due and payable to either Parent or the Purchaser, as the case may be.