Examples of Specified Accounting Principles in a sentence
Within twenty (20) Business Days following the end of each of Earnout Period 1 and Earnout Period 2, the Buyer shall prepare and deliver to the Sellers’ Representative a statement of the Receiver Revenue for sales of the Receiver during the applicable earnout period (each such statement an “Earnout Statement”) setting forth in reasonable detail the Receiver Revenue associated with the sales of the Receiver, determined in accordance with the Specified Accounting Principles.
Not later than three Business Days prior to the Closing Date, Xxxxxxx shall deliver to Partner a written statement and certificate of Xxxxxxx executed on its behalf by an officer of Xxxxxxx that sets forth in reasonable detail Xxxxxxx’ good faith estimate of the Closing Net Working Capital Amount (the “Estimated Net Working Capital Amount”) along with reasonable supporting detail therefor, such estimates to be prepared in accordance with the Specified Accounting Principles (as applicable).
As promptly as practicable, but in no event later than 60 days following the Closing Date, Xxxxxxx shall, at its expense, (i) cause to be prepared, in accordance with the Specified Accounting Principles (as applicable), a statement (the “Closing Date Schedule”) setting forth in reasonable detail its calculation of the Closing Net Working Capital Amount, and (ii) deliver to Partner the Closing Date Schedule.
Buyer and the Sellers’ Representative will attempt to promptly resolve the matters raised in any Earnout Dispute Notice in good faith to the extent such matters relate to the application of the Specified Accounting Principles and the calculation of Receiver Revenue in accordance with the definitions thereof.