Interim Settlement Statement definition

Interim Settlement Statement shall be prepared by Seller, its agents, or representatives, prior to Closing, which statement shall set forth the adjustments to the Purchase Price, per the adjustments set forth in this Paragraph 4, which are or may be determined at or prior to Closing. Such statement shall be prepared according to generally accepted accounting principles and shall show the calculation of all such adjustments. Upon the approval of such Interim Settlement Statement by Purchaser, the Purchase Price shall be adjusted according to such statement. Upon Purchaser's request, Seller shall make available to Purchaser all information relied upon by Seller for the adjustments requested in order to aid and facilitate Purchaser's approval of such statement. After Closing, the Purchase Price may further be adjusted, pursuant to the adjustments set forth in this paragraph, with the "Final Settlement Statement" in the manner further described in Paraxxxxx 00 xxxxx.
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Interim Settlement Statement has the meaning set forth in Section ‎3.3(b)(ii).
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Interim Settlement Statement has the meaning set forth in Section 4.02.
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Examples of Interim Settlement Statement in a sentence

  • The Parties shall in good faith attempt to agree on the Interim Settlement Statement as soon as possible after Seller’s receipt of Buyer’s written report.

  • Within two (2) Business Days of receipt of the Interim Settlement Statement, Buyer will deliver to Seller a written report containing all changes with the explanation therefor that Buyer proposes to be made to the Interim Settlement Statement.

  • Each Party shall provide the other such data and information as may be reasonably requested to permit Seller to prepare the Interim Settlement Statement and the Final Settlement Statement or to permit Buyer to perform or cause to be performed an audit of the Final Settlement Statement.

  • In the event the Parties agree to the amounts set forth in the Interim Settlement Statement, the interim Purchase Price adjustment amount so determined shall be paid by the owing Party within ten (10) days of such agreement as to such owed amounts to the owed Party.

  • For the avoidance of doubt, if Seller fails to deliver the Objection Notice before the expiration of the Review Period, the Closing Inventory Statement, the Interim Settlement Statement or the Final Settlement Statement, as applicable, and the Closing Inventory Adjustment Amount, the Closing A/R Adjustment Amount, the Collected A/R Adjustment Amount and/or the Rebate Amount reflected in such statement shall be deemed to have been accepted by Seller.

  • Such Transfer Taxes as are identified by Interim Settlement will be shown on the Interim Settlement Statement and Buyer agrees to pay any such Transfer Taxes at Interim Settlement.

  • All amounts in the Interim Settlement Statement are subject to Final Settlement adjustment under Section 4.03.

  • The Parties shall cooperate in good faith to agree on the Interim Settlement Statement as soon as possible after Seller’s receipt of Buyer’s written report.

  • Sections 4.4(c), (d) and (e) shall apply, with the necessary changes, to the Interim Settlement Statement.


More Definitions of Interim Settlement Statement

Interim Settlement Statement as defined in Section 2.5(a).
Sample 1
Interim Settlement Statement shall be prepared by Sellers prior to Closing, which statement shall set forth the adjustments to the Purchase Price, per the adjustments set forth in this paragraph 5, which are or may be determined at or prior to Closing. Such statement shall be prepared according to generally accepted accounting principles and shall show the calculation of all such adjustments. Upon the approval of such Interim Settlement Statement by Purchaser, the Purchase Price shall be adjusted according to such statement. Upon Purchaser's request, Sellers shall make available to Purchaser all information relied upon by Sellers for the adjustments requested in order to aid and facilitate Purchaser's approval of such statement. In the event the net effect of such statement is to reduce the Purchase Price payable to Sellers, such reduction shall be made from the sum of money to be tendered to Sellers at Closing, which sum is referenced in paragraph 3(a) above. In the event the net effect of such statement is to increase the Purchase Price payable to Sellers, such increase shall be made to the sum of money to be tendered to Sellers at Closing, which sum is referenced in paragraph 3(a) above. After Closing the Purchase Price may further be adjusted, pursuant to the adjustments set forth in this paragraph, with the "Final Settlement Statement" in the manner further described in paragraph 14 below.
Sample 1
Interim Settlement Statement shall be prepared by Seller, its agents, or representatives, prior to Closing, which statement shall set forth the adjustments to the Purchase Price, per the adjustments set forth in this Paragraph 4, which are or may be determined at or prior to Closing. Such statement shall be prepared according to generally
Sample 1

Related to Interim Settlement Statement

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Preliminary Settlement Statement shall have the meaning given such term in Section 3.2.

  • Payment Statement As defined in Section 6.01 hereof.

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Draft Closing Statement means a draft closing statement as of the close of business of the fifth (5th) Business Day immediately preceding the Closing Date setting forth an estimate of the Purchase Price (including all adjustments and prorations thereto).

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Agreement State means any State with which the U.S. Nuclear Regulatory Commission or the U.S. Atomic Energy Commission has entered into an effective agreement under subsection 274b. of the Atomic Energy Act of 1954, as amended (73 Stat. 689).

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Stage Payment Statement shall have the meaning set forth in Clause 19.4; “Structures” means an elevated road or a flyover, as the case may be;

  • Settlement Report a report summarizing Revolver Loans and participations in LC Obligations outstanding as of a given settlement date, allocated to Lenders on a Pro Rata basis in accordance with their Revolver Commitments.

  • Preliminary Closing Statement shall have the meaning set forth in Section 2.3(a).

  • Purchase Price Allocation Schedule has the meaning given to it in Section 2.7(a).

  • Closing Statements has the meaning set forth in Section 3.3(b).

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.