Examples of Net Asset Amount in a sentence
If within 30 days following delivery of the Closing Balance Sheet and the Net Asset Amount, the Sellers’ Representative does not deliver to Buyer written notice of any objection to the Closing Balance Sheet and the Net Asset Amount (which notice must contain a reasonably detailed statement of the basis of all objections of Sellers), then the Closing Balance Sheet and the Net Asset Amount will be conclusive and binding on Buyer and each Seller and will be used in calculating the Adjustment Amount.
Buyer will prepare the Closing Balance Sheet and such Net Asset Amount in accordance with GAAP (except for the absence of footnotes and year-end adjustments).
Buyer will deliver the Closing Balance Sheet and the Net Asset Amount to Jung Hun Xxx (the “Sellers’ Representative”) within 60 days after the Closing Date.
The “Post-Closing Adjustment” shall be equal to (i) the Final Adjusted Net Asset Amount less (ii) the Estimated Adjusted Net Asset Amount.
Notwithstanding anything to the contrary, if this Agreement expressly provides for Purchaser or any of its Affiliates to make a payment to the other Party in respect of any fees or expenses or to bear the cost of any fees or expenses, such expense or fee the fee shall be handled outside of the Adjusted Net Asset Amount and not reflected as a liability of the members of the Commercial Air Group therein.