Examples of Measurement Date Balance Sheet in a sentence
Parent will make the workpapers and back-up materials used in preparing the Measurement Date Balance Sheet available to StockholdersRepresentative and Stockholders Representatives accountants and other representatives at reasonable times and upon reasonable notice during (i) the review by Stockholders Representative of the Measurement Date Balance Sheet and (ii) the resolution by Parent and Stockholders Representative of any objections to the Measurement Date Balance Sheet.
Any such Net Assets Objection Notice shall specify those items or amounts as to which Sellers’ Representative disagrees, and Sellers’ Representative shall be deemed to have agreed with all other items and amounts contained in the Measurement Date Balance Sheet, the Buyer Net Assets Calculation and certificate delivered by Buyer pursuant to Section 2.5(b).
The Parties shall cause the Independent Accounting Firm to deliver to Buyer and Sellers’ Representative, as promptly as practicable, and in no event later than forty-five (45) days after submittal of all relevant documents to the Independent Accounting Firm, a report setting forth the Independent Accounting Firm’s adjustments, if any, to the Measurement Date Balance Sheet and any adjustments to the Buyer Net Assets Calculation.
During the 30-day period following the receipt of the Measurement Date Balance Sheet, Parent and its independent accounting advisors shall be permitted to review the working papers of Ernst & Young, LLP and have access to the senior management of the Company.
As promptly as practicable after the Measurement Date, Buyer shall cause the Measurement Date Balance Sheet to be prepared and will prepare a certificate based on such Measurement Date Balance Sheet setting forth (i) its calculation of Measurement Date Net Assets (the “Buyer Net Assets Calculation”); and (ii) its calculation of the reduction of the Purchase Price, if any, pursuant to this Section 2.5 (the “Adjustment Amount”).
This was intended to familiarize subjects with the strategic situation and the computer interface.
In making such calculations, the Independent Accounting Firm shall consider only those items or amounts in the Measurement Date Balance Sheet delivered by Buyer, the Buyer Net Assets Calculation as to which Sellers’ Representative has disagreed, and shall prepare its calculations in accordance with the accounting policies and procedures used to prepare the June 30, 2012 Financial Statements, notwithstanding any conflict between such accounting policies and procedures and GAAP.
If Sellers’ Representative and Buyer have timely agreed or are deemed to have agreed to the Measurement Date Balance Sheet and the Buyer Net Assets Calculation, then no Net Assets Objection Notice shall be filed and Section 2.5(d) shall not be applicable.
The Parties agree that they will, and agree to cause their respective agents and representatives to, cooperate and assist in the preparation of the Measurement Date Balance Sheet and the calculation of Measurement Date Net Assets, and in the conduct of the reviews referred to in this Section 2.5, including, without limitation, the making available to the extent necessary of books, records, work papers and personnel.
If within 30 days following delivery of the Measurement Date Balance Sheet, neither the Shareholder Representative nor Parent shall object in writing thereto, then the Actual Adjustment Amount shall be computed using such Measurement Date Balance Sheet.