Examples of Final Net Working Capital Statement in a sentence
If TAT does not provide an Objection Notice to Buyer within such 30-day period, such Final Effective Date Balance Sheets and Final Net Working Capital Statement will be final, conclusive and binding on the parties.
An Objection Notice must describe in reasonable detail the line item calculations contained in the Final Effective Date Balance Sheets and/or the Final Net Working Capital Statement with which TAT disagrees and must briefly describe the basis for any such disagreement.
Within 30 days following receipt by TAT of the Final Effective Date Balance Sheets and the Final Net Working Capital Statement, TAT may deliver a written objection notice to Buyer of any disagreement TAT has with respect to the preparation or content of the Final Effective Date Balance Sheets and/or the Final Net Working Capital Statement (such notice, an “Objection Notice”).
Any refunds and credits attributable to Pre‑Closing Taxes to the extent not taken into account in the calculation of Net Working Capital as reflected in the Final Net Working Capital Statement shall be for the account of Seller if properly reportable by Seller on any of its pre-Closing Tax Returns or with respect to any Pre-Closing Tax Period and any other refunds and credits shall be for the account of Buyer.
Upon the agreement of Moog and Kaydon or the decision of the Arbitration Firm, the Final Net Working Capital Statement will be final, conclusive and binding on the parties.