INTERIM ACCOUNTING definition
INTERIM ACCOUNTING means an interim report prepared by a successor Liquidating Trustee when a predecessor Liquidating Trustee’s term ends for any reason, reflecting all dispositions of assets, all resolutions of Claims objections and other Litigation Claims, and all distributions made on Claims and Shareholder Interests from the date of the most recent interim accounting or, if none, from the Effective Date, until the date of the Interim Accounting.
Examples of INTERIM ACCOUNTING in a sentence
An interim accounting and adjustment shall be carried out by the Seller and a statement (the "INTERIM ACCOUNTING STATEMENT") shall be prepared and delivered by the Seller to the Purchaser at least three Business Days prior to the Closing Date based on the Seller's good faith estimate of all adjustments to be made to the Purchase Price as of the Effective Time.
An interim accounting and adjustment shall be carried out by the Seller and a statement (the "INTERIM ACCOUNTING STATEMENT") shall be 15 -11- prepared and delivered by the Seller to the Purchaser at least three Business Days prior to the Closing Date based on the Seller's good faith estimate of all adjustments to be made to the Purchase Price as of the Effective Time.