Preliminary Settlement definition
Examples of Preliminary Settlement in a sentence
The Preliminary Settlement Statement shall also set forth wire transfer instructions for the Closing payments.
The Preliminary Settlement Statement shall set forth the Closing Amount and all adjustments to the Purchase Price and associated calculations.
Seller and Buyer shall execute and deliver the Preliminary Settlement Statement.
The actual amounts (to the extent the actual amounts differ from the estimates included in the Preliminary Settlement Statement and are known at the time of the Final Settlement Statement) shall be accounted for in the Final Settlement Statement.
The Preliminary Settlement Statement, as agreed upon by the Parties, will be used to adjust the Purchase Price at Closing (such adjusted price, the “Preliminary Purchase Price”).
In no event shall Seller have any obligation to provide indemnification for any matters to the extent accounted for in the Preliminary Settlement Statement or the Final Settlement Statement.
The Preliminary Settlement Statement, as agreed upon by the parties, will be used to adjust the Purchase Price at Closing.
The Preliminary Settlement Statement shall be prepared in accordance with this Agreement and with standard industry and accounting practices.
The actual amounts (to the extent the same differ from the estimate included in the Preliminary Settlement Statement) shall be accounted for in the Final Settlement Statement.
Within three (3) Business Days after receipt of Seller’s draft Preliminary Settlement Statement, Purchaser will deliver to Seller a written report containing all changes that Purchaser proposes to be made to the Preliminary Settlement Statement, if any, together with a brief explanation of any such changes.