Closing Balance Sample Clauses
The Closing Balance clause defines the final amount of money or value remaining in an account or ledger at the end of a specified period or upon completion of a transaction. This clause typically outlines how the closing balance is calculated, including the addition of credits and subtraction of debits, and may specify the date or event that triggers its determination. Its core practical function is to provide a clear and agreed-upon financial snapshot at a particular point in time, ensuring both parties have a mutual understanding of the final financial position and preventing disputes over outstanding amounts.
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Closing Balance. (i) The balance of the Purchase Price plus applicable 15% HST plus amount equal to HST Rebate (section 5.3 below), shall be paid to the Vendor’s solicitor by cash, certified cheque, or solicitors trust cheque subject to all proper and necessary adjustments on closing and delivery of properly executed deed.
Closing Balance. The remainder of the Purchase Price is due upon the delivery of the general warranty deed at the Closing. This amount is subject to change based on adjustments made pursuant to this Agreement. Unless otherwise stated in the Agreement, all payments shall be made in proceeds that are immediately available to Seller by one of the following methods: ☐ ☐ ☐ ☐ Official bank check Wire transfer Certified check Other:
Closing Balance. Sheet The Company shall have delivered to the Purchaser a true and complete copy of the Closing Balance Sheet, together with a certificate dated the Closing Date, signed by the Company's chief financial officer that the Closing Balance Sheet is in accordance with the Books and Records and with GAAP applied on a consistent basis (except for the absence of notes and subject to normal year-end audit adjustments) and presents fairly the financial position of the Company as of the Closing Date.
Closing Balance. On or before 1:00 p.m. Central Time on the Parcel A Closing Date (as defined in Section 2.8 below), Purchaser shall deposit with the Escrow Agent, in immediately available funds, the amount necessary to pay the balance of the Purchase Price, plus any other charges or sums payable by Purchaser hereunder.
Closing Balance. Lines 34 + 38 + 39 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 41 42 Deferred Charge, Mid‐Year (Line 34 + Line 35 + Line 40) / 2 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Closing Balance. Sheet The Seller shall have delivered to the Purchaser a true and complete copy of the Closing Balance Sheet together with a certificate dated the Closing Date, signed by the Seller's chief financial officer that the Closing Balance Sheet is in accordance with the Books and Records and with GAAP applied on a consistent basis (except for the absence of notes and subject to normal year-end audit adjustments) and presents fairly the financial position of the Seller as of the Closing Date.
Closing Balance. $ , due upon the delivery of the general warranty deed at the Closing. This amount is subject to change based on adjustments made pursuant to this Agreement.
Closing Balance. Upon termination of this agreement in accordance with the provisions of clause 5.7 hereof, Bpifrance shall send the Beneficiary an ordinary letter indicating the final balance of the Financial Returns. The Beneficiary shall be released from all undertakings and obligations hereunder once it has repaid the advance paid in accordance with the provisions of clause 4.2 hereof, has paid the Additional Payments in accordance with the provisions of clause 4.3 hereof and, more generally, has paid all amounts owed in respect of the Financial Returns defined in clauses 4.1 and 4.6 hereof until the termination hereof.
Closing Balance. The remainder of the Purchase Price is due upon the delivery of the general warranty deed at the Closing. This amount is subject to change based on adjustments made pursuant to this Agreement. 4.
Closing Balance. For purposes hereof, the term “Closing Balance” shall mean (i) the Estimated Closing Date Indebtedness plus (ii) the Preliminary Deficiency (or minus the Preliminary Surplus).