Common use of Closing Date Purchase Price Clause in Contracts

Closing Date Purchase Price. (a) Four (4) Business Days prior to the Closing, Seller shall deliver to Purchaser the Estimated Working Capital Statement for the Company and the Convenience Store (the “Estimated Working Capital Statement”). The Estimated Working Capital Statement shall be prepared by Seller using the same types of management judgments, estimates, forecasts, policies, opinions and allocations (including reserve calculations) that have historically been used in the preparation of the Company’s and Convenience Store’s financial statements. The amount of Working Capital of the Company and the Convenience Store set forth in its Estimated Working Capital Statement shall hereinafter be referred to as the “Estimated Working Capital.” Purchaser (and its independent accountants) shall be afforded the opportunity to review the Estimated Working Capital Statement.