Common use of Closing of the Books Clause in Contracts

Closing of the Books. The Purchaser and the Shareholders shall cause the Company to timely file a statement electing under Section 1362(e)(3)(A) of the Code not to apply the rules provided in Section 1362(e)(2) of the Code, in accordance with Section 1.1362-6(a)(5) of the Treasury Regulations; and the Purchaser and the Shareholders shall timely file a consent to such election under Section 1362(e)(3)(B) of the Code, in accordance with Section 1.1362-6(b) of the Treasury Regulations.