Examples of Final Closing Date Debt in a sentence
If the Final Closing Date Debt is less than the Estimated Closing Date Debt, the Purchase Price shall be increased by an amount equal to the difference.
The Closing Date Debt Level of each Contributing Company, as finally determined (whether by failure of the Representative of the Selling Stockholders or Selling Members thereof to deliver a notice of objection to the Holding Company, by the agreement of the parties or by the final determination of Ernst & Young), shall be deemed to be, and shall be referred to herein, as the "Final Closing Date Debt Level" of such Contributing Company.
If the Final Closing Date Debt is greater than the Estimated Closing Date Debt, the Purchase Price shall be decreased by an amount equal to the difference.
Eclipsys shall promptly pay the entire amount of the expenses of the Unrelated Accounting Firm if the Unrelated Accounting Firm determines the Stockholders’ Representative to be correct, net in the aggregate, in his or her determination of the Final Closing Date Net Working Capital, the Final Closing Date Cash and the Final Closing Date Debt.
The resolution by the Unrelated Accounting Firm of the disputed amount, and the undisputed amounts, shall be final and binding on the parties for purposes of determining the Final Closing Date Net Working Capital, the Final Closing Date Cash and the Final Closing Date Debt, and the amounts owed by the parties under Sections 2.10(d), if any.
The Closing Date Debt Level of each Contributing Company, as finally determined (whether by failure of the Representative of the former stockholders or members thereof to deliver a notice of objection to the Holding Company, by the agreement of the parties or by the final determination of Ernst & Young), shall be deemed to be, and shall be referred to herein, as the "Final Closing Date Debt Level" of such Contributing Company.
The Effective Time Company Holders shall promptly pay the entire amount of the expenses of the Unrelated Accounting Firm if the Unrelated Accounting Firm determines Eclipsys to be correct in its determination, net in the aggregate, of the Final Closing Date Net Working Capital, the Final Closing Date Cash and the Final Closing Date Debt.
If, on the other hand, the Final Closing Date Debt Level of the Contributing Company shall be equal to or less than the Guaranteed Debt Level of such Contributing Company, the Escrow Agent shall be instructed to disburse to the Selling Stockholders or Selling Members of such Contributing Company share certificates evidencing the full number of Debt Level Escrow Shares so deposited on behalf of such former stockholders or members.