Proposed Final Closing Statement definition
Examples of Proposed Final Closing Statement in a sentence
If Principal fails to deliver a Notice of Objection within the Review Period, the Proposed Final Closing Statement and the amounts set forth therein shall be deemed to have been accepted by the HS Parties and shall be deemed final and binding upon all of the Parties (i.e., shall become the Final Closing Statement).
For the avoidance of doubt, the fees and disbursements of the Representatives of each Party incurred in connection with the preparation or review of the Proposed Final Closing Statement and any Notice of Objection as well as any submissions and responses to the Accountant, as applicable, shall be borne by such Party.
If FPH fails to deliver the Proposed Final Closing Statement within such period, the Estimated Closing Statement and the amounts set forth therein, including the initial Allocation Schedule provided by FPH under Section 6.10(d), shall be deemed to have been accepted by FPH and shall be deemed final and binding upon all of the Parties (i.e., shall become the Final Closing Statement).
From and after delivery of the Proposed Final Closing Statement until the determination of the Final Closing Statement Principal, as representative of the HS Parties, at the HS Parties’ cost, shall have access to all supporting documents and the work papers of FPH as necessary to enable Principal (and his designated Representatives) to evaluate the information upon which the Proposed Final Closing Statement was prepared.