Examples of Final Closing Schedule in a sentence
Upon motion duly made and seconded, carried by unanimous consent of the members present, the Committee approved the minutes of the April 7, 2015 meeting.
In the event that Sellers provide no such notice of disagreement within such thirty (30) day period, Sellers shall be deemed to have accepted the Final Closing Schedule and the calculation of the Purchase Price Adjustment Amount delivered by Buyer, which shall be final, binding and conclusive for all purposes hereunder.
Within five (5) days after the determination of the Final Closing Schedule, Buyer and Seller shall deliver a joint written instruction to the Escrow Agent instructing it to disburse all of the funds in the Adjustment Escrow Account as follows: (i) to Buyer, the amount (if any) payable to Buyer pursuant to Section 2.5(f)(i) and (ii) to Seller the remaining funds in the Adjustment Escrow Account by wire transfer of immediately available funds to an account designated by Seller.
The term “Final Closing Schedule,” as used in this Agreement, shall mean the Actual Closing Schedule if deemed final in accordance with Section 2.5(d) or the definitive Final Closing Schedule agreed to in writing by Seller and Buyer or resulting from the determinations made by the Accountants in accordance with this Section 2.5(e).
In the event any such notice of disagreement is timely provided by Sellers, Buyer and Sellers shall use their commercially reasonable efforts for a period of thirty (30) days (or such longer period as they may mutually agree) to resolve any disagreements with respect to the Final Closing Schedule and the calculation of the Purchase Price Adjustment Amount.
If Sellers shall disagree with any calculation set forth in the Final Closing Schedule or any element of the Purchase Price Adjustment Amount relevant thereto including the Estimated Purchase Price Adjustment, it shall notify Buyer of such disagreement in writing within thirty (30) days after its receipt of the Final Closing Schedule which notice shall set forth in reasonable detail the particulars of such disagreement.
As of the Closing, the Inventory of each Restaurant Entity will be in usable or salable condition in the ordinary course of business at the amounts to be carried on the Final Closing Schedule representing the lower of cost or market value (determined on a first-in-first-out basis) (net of any reserves established therefor and appearing thereon).
The amounts of the Inventories reflected on the Final Closing Schedule will be, and the amounts of Inventories reflected on the books and records of each Restaurant Entity have been, determined in accordance with GAAP (except as otherwise expressly provided herein).
The Purchaser shall have full access to the financial records and other information used in the preparation of the Final Closing Schedule, including access to the pertinent draft and final working papers of the Sellers' Representatives and the Sellers' Auditor.
The CPA shall issue a report containing its findings and determinations, including a revised Final Closing Schedule (the "Buyer Final Closing Schedule").