Examples of Post-Closing Statement in a sentence
If the Purchaser does not deliver the Post-Closing Statement to the Seller within ninety (90) days after the Closing Date, then the Seller may, at its discretion, (i) prepare and deliver the Post-Closing Statement to the Purchaser within thirty (30) days following the expiration of the initial 90-day period or (ii) deem the Estimated Closing Cash Amount to be the Post-Closing Statement and the Closing Cash Amount, in each case, and the Seller shall retain all other rights set forth in this Section 2.04.
If the Reviewing Party disagrees with any part of the Preparing Party’s calculation of the Closing Cash Amount as set forth on the Post-Closing Statement, the Reviewing Party shall, within thirty (30) days after the Reviewing Party’s receipt of the Post-Closing Statement, notify the Preparing Party in writing of such disagreement (an “Objection Notice”).
The party that delivers the Post-Closing Statement pursuant to this Section 2.04(b) shall be referred to as the “Preparing Party” and the party that receives the Post-Closing Statement from the Preparing Party shall be referred to as the “Reviewing Party”.