Examples of Final NWC in a sentence
In determining the Final NWC Statement, the Neutral Accountant shall act as an expert and not as arbitrator.
If LMP and Xxxxxxxx reach a final resolution on the Final NWC Statement within 15 days after LMP’s receipt of the Objection Notice (or within any additional period as mutually agreed to between LMP and the Xxxxxxxx), then the Final NWC Statement agreed upon by LMP and Xxxxxxxx shall be deemed for purposes of this Section 1.6 to be the “Final NWC Statement” and shall be final and binding on all Parties.
Should there be an Final NWC Surplus, the Company shall, on the 2rd Business Day following the determination of the Final NWC Statement, make a distribution of return of capital to the Xxxxxxxx in the form of cash in amount equal to such surplus.
This is probably due to the fact that with many savings products, the saver a larger basket to choose from.
Any such Objection Notice shall specify those items or amounts as to which Xxxxxxxx disagrees, and Xxxxxxxx shall be deemed to have agreed with all other items and amounts contained in the Final NWC Statement.
To the extent that after Closing Xxxxxxxx receive any funds or other assets in connection with any Company Group Entity’s Business, which was included in determining the Final NWC Statement, Xxxxxxxx shall promptly deliver such funds and assets to such Company Group Entity and take all steps necessary to vest title to such funds and assets in the Company Group Entity.
If Sellers have any objections to the Final NWC Certificate, Sellers shall deliver to Buyer a statement setting forth its objections thereto (an “Objections Statement”), provided that the only bases for objections shall be (i) non-compliance with the standards set forth above for preparation of the Final NWC Certificate, or as set forth in the definition of Net Working Capital, and (ii) mathematical errors.
No Losses may be claimed under Article VIII or otherwise by any Indemnified Party to the extent such Liabilities are reflected in the Net Working Capital set forth in the Final NWC Statement pursuant to this Section 2.07.
If an Objections Statement is not delivered to Buyer within thirty (30) days after delivery of the Final NWC Certificate, the Final NWC Certificate shall be final, binding and non-appealable by the parties hereto.
In the case that Buyer delivers a Notice of No Objection, there shall be no Review Period and the NWC Statement delivered by Sellers shall be deemed the Final NWC Statement and shall be deemed final and binding upon all of the Parties.