Common use of Closing Audit Clause in Contracts

Closing Audit. Within 90 days following the Closing Date, there shall be delivered to Global and to Seller an audit of the Preliminary Closing Balance Sheet (the "AUDITED CLOSING BALANCE SHEET") of the Company at and as of the Effective Date. The Preliminary Closing Balance Sheet shall be audited by Ernst & Young, LLP in accordance with GAAP. The cost of the Audited Closing Balance Sheet shall be paid by Global. In the event that the Seller disputes any items on the Audited Closing Balance Sheet within ten days after Seller's receipt thereof, the parties shall jointly select and retain an independent "Big Six" accounting firm (the "INDEPENDENT ACCOUNTANTS") to review the disputed item(s) on the Audited Closing Balance Sheet. The final determination of such disputed item(s) by the Independent Accountants shall be reflected on the Audited Closing Balance Sheet. The cost of retaining the Independent Accountants shall be borne equally by Seller and Global.

Closing Audit. Within 90 ninety (90) days following the Closing ------------- Date, there shall be delivered to Global and to Seller Sellers an audit of the Preliminary Closing Balance Sheet (the "AUDITED CLOSING BALANCE SHEET") of the Company Companies at and as of the Effective Closing Date. The Preliminary Closing Balance Sheet shall be audited by Ernst & Young, LLP Young in accordance with GAAP. The cost of the Audited Closing Balance Sheet shall be paid by Global. In the event that the Seller disputes Sellers dispute any items on the such Audited Closing Balance Sheet within ten days after Seller's Sellers' receipt thereof, the parties shall jointly select and retain an independent "Big Six" accounting firm (the "INDEPENDENT ACCOUNTANTS") to review the disputed item(s) on the Audited Closing Balance Sheet. The final determination of such disputed item(s) by the Independent Accountants shall be reflected on the Audited Closing Balance Sheet. The cost of retaining the Independent Accountants shall be borne equally by Seller Sellers and Global.