Examples of Initial Closing Balance Sheet in a sentence
The Initial Closing Balance Sheet will show a minimum amount of Adjusted September 30 Working Capital at least equal to the Required Working Capital Amount.
Buyer shall have the right to review the Initial Closing Balance Sheet, such schedules and such supporting documentation or other data as Buyer may reasonably request from Seller.
If Buyer agrees to the Initial Closing Balance Sheet, it will become the Final Closing Balance Sheet.
The Initial Closing Balance Sheet will then be amended to reflect the determination of the final value of each of the Disputed Adjustments and will become the Final Closing Balance Sheet.
If Buyer and Seller are able to reach an agreement on the Disputed Adjustments, the Initial Closing Balance Sheet will be amended to reflect such agreement and will become the Final Closing Balance Sheet.
The Initial Closing Balance Sheet and such schedules shall be accompanied by reasonable supporting documentation.
Notwithstanding anything to the contrary in this Agreement, the Jasc Stockholders will not be liable for any amounts associated with the Jasc YE Bonus Program, including to the extent those amounts should have been accrued on the Initial Closing Balance Sheet or the Working Capital Closing Balance Sheet.
The Initial Closing Balance Sheet shall fairly present Seller’s best estimate of the financial condition of the Business (excluding the Retained Assets and the Indemnified Liabilities) as of the Closing Date in accordance with GAAP, consistently applied in accordance with those principles, methods and practices used in the preparation of the Balance Sheet.
Purchaser and Selling Parent shall use their best efforts to agree on a final closing balance sheet (the "Final Closing Balance Sheet") for the Selling Sub as of the Closing Date and an income statement for the Selling Sub's history of operation through the Closing Date, within 30 days after the Closing Date, that is prepared on the same basis as the Initial Closing Balance Sheet and reflects any adjustments apparent after the Closing Date.
Selling Parent has prepared and submitted to Purchaser a tentative balance sheet for the Selling Sub dated as of the Closing Date (the "Initial Closing Balance Sheet"), compiled in accordance with generally accepted accounting principles.