Examples of Interim Statement of Adjustments in a sentence
The Vendor shall carry out an interim accounting and adjustment and prepare and deliver to the Purchaser at least three (3) Business Days prior to the Closing Date a statement setting forth the Vendor's good faith estimate of all adjustments (the " Interim Statement of Adjustments") to be made for the transactions contemplated herein.
On or before the fourth (4th) Business Day prior to the Scheduled Closing Date, Seller shall deliver to Buyer an interim statement of all adjustments (the "Interim Statement of Adjustments") to be made pursuant to Section 8.9 in respect of the costs paid or payable and revenues received or receivable by Seller prior to Closing.
The Interim Statement of Adjustments shall be prepared on the basis of Seller's good faith estimate of the costs and revenues attributable to the Oil and Gas Assets prior to the Closing Date.
The difference between the Interim Statement of Adjustments and the Final Statement of Adjustments shall be paid promptly by the Vendor/Purchaser, as applicable, which amount shall accrue interest at the Prime Rate plus 1%.LocationsThe Canadian Purchaser will assume the leases for the Company’s premises in Edmonton, Calgary and BC.
At the time it delivers the Interim Statement of Adjustments, Seller shall make available to Buyer all information reasonably necessary for Buyer to understand and confirm the calculations in such statement.
But in our case, the contests are not with regulators, nor do they involve public discourse.
An interim accounting adjustment will be conducted by Vendor, and a statement thereof (“Interim Statement of Adjustments”) will be provided to Purchaser at least five (5) Business Days prior to the Closing Date, based on Vendor’s good faith estimate of all adjustments to be made for the transactions herein pursuant to this Clause 9, and Vendor shall cooperate with Purchaser to enable Purchaser to verify the accuracy of the Interim Statement of Adjustments.
The Parties shall cooperate in good faith to finalize the Interim Statement of Adjustments at least one (1) Business Day prior to the Closing Date.