Examples of Final Closing Debt in a sentence
The aggregate amount of consideration to be paid by Buyer to Seller or its designee(s) for the sale of the Interest (the “Purchase Price”), subject to the terms of this Agreement, shall consist of an amount in cash equal to the sum of (a) $300,000,000 (the “Base Purchase Price”), minus (b) the Final Closing Debt Amount, minus (c) the Final Negative Working Capital Adjustment (if any), plus (d) the Final Positive Working Capital Adjustment (if any), and plus (e) the Final Closing Cash.
Integrity is a measure of the safety gain that is provided by a risk mitigation.
Upon final determination of Final Closing Debt in accordance with Section 1.4(c), if the Final Closing Debt is greater than the Estimated Closing Debt, then Sellers (who shall have joint and several liabilities for such payment) shall pay to Buyer in cash an amount equal to such excess by wire transfer to the account specified in writing by Buyer.
Any payments to be made pursuant to Section 1.3(f) will be made by Buyer or Sellers, as applicable, by wire transfer of immediately available funds to an account designated by Buyer or Sellers, as applicable, within five Business Days after Final Net Working Capital, Final Closing Debt and the Final Financial Statements become final and binding on the Parties.
If Estimated Debt exceeds Closing Debt set forth on the Final Closing Debt Statement, then the Purchase Price shall be adjusted upward in an amount equal to such excess and Purchaser shall pay the amount of such excess to Seller by wire transfer in immediately available funds on or before the fifth Business Day following the Settlement Date.
Subject to Section 6.5(b), upon final determination of Final Closing Debt in accordance with Section 1.4(c), if the Final Closing Debt is less than the Estimated Closing Debt, then Buyer shall pay to Agent in cash an amount equal to such excess by wire transfer to the account specified in writing by Agent.
Montgomery No. 19884, 2003-Ohio-6893, ¶ 32 (“the court correctly held that aiding and abetting common law fraud is not cognizable in law.”); Childs v.
The Reviewing Accountant’s calculation of the Company Closing Cash, Company Closing Debt and Company Closing Net Working Capital shall be shall be considered for all purposes of this Agreement as being the Final Closing Cash, Final Closing Debt and Final Net Working Capital.
The Proposed Closing Balance Sheet and the calculation of Proposed Closing Working Capital and Proposed Closing Debt Free Deductions set forth therein, after giving effect to any Agreed Adjustments and to the resolution of any Remaining Disputed Items set forth in the Adjustment Report, shall be deemed to be final and binding on the Parties as the Final Closing Balance Sheet, the Final Closing Working Capital and the Final Closing Debt Free Deductions for purposes of this Agreement.
The Union President and two other classified bargaining unit members, whom the President will appoint, shall be given the opportunity to consult with the Superintendent in formulating a calendar recommendation to the school board.