Examples of Initial Allocation Statement in a sentence
Within thirty (30) days after the determination of the final Purchase Price pursuant to Section 2.10, Seller shall prepare an allocation of the final Purchase Price between the Purchased Assets and the Shares, consistent with the Initial Allocation Statement and the procedures in Section 2.10 (the “Final Allocation Statement”).
The Initial Allocation Statement and any Adjustment Allocation Statement shall be signed by the president or a vice president of Seller and Purchaser.
Promptly after any adjustment to the Purchase Price, including pursuant to Section 1.6, the parties shall cooperate in good faith to make mutually acceptable revisions to corresponding items of the Initial Allocation Statement consistent with the principles thereof and in accordance with applicable Law (the “Final Allocation Statement”).
If Purchaser and Seller are unable to agree to the Initial Allocation Statement, the matters in dispute (but only the matters in dispute) shall be submitted to the Independent Accountant for resolution, and the decision of the Independent Accountant shall be final and binding on the parties.
Purchaser shall give Seller reasonable opportunity to review and comment on the Initial Allocation Statement; provided, that Seller’s failure to provide comments within twenty (20) days of its receipt of the Initial Allocation Statement shall constitute acceptance thereof.
As soon as reasonably practicable, but no later than thirty (30) days following the receipt of the Initial Allocation Statement, Seller shall deliver to Buyer a written report containing any changes that Seller proposes to be made in such schedule (and specifying the reasons therefor in reasonable detail).
As soon as reasonably practicable, but no later than thirty (30) days following the receipt of the Initial Allocation Statement, Sellers shall deliver to Buyer a written report containing any changes that Seller proposes to be made in such schedule (and specifying the reasons therefor in reasonable detail).
Within thirty (30) days after the final determination of the Purchase Price pursuant to the terms of this Agreement, Parent shall deliver to Buyer an allocation of the final Purchase Price (together with Liabilities treated as assumed by Buyer for federal income tax purposes and other capitalized costs) based on the same principles, methods and percentages used in determining the Initial Allocation Statement (the “Final Allocation Statement”).
The Initial Allocation shall be set forth on a statement (the "Initial Allocation Statement") signed by the president or any vice president of Buyer and Seller.
The Purchaser shall provide Sellers with any comments regarding the Initial Allocation Statement no later than five (5) Business Days prior to the Initial Closing, and the Sellers shall consider such comments in good faith and promptly notify the Purchaser if the Sellers have not accepted any such comments.