Common use of Determination of Post-Closing Adjustment Clause in Contracts

Determination of Post-Closing Adjustment. As promptly as practicable after the Closing, but in no event later than forty-five (45) days following the Closing, Purchaser shall deliver to the Sellers’ Representative a statement of the actual Working Capital as of the close of business on the day prior to the Closing Date (“Actual Working Capital”) (prepared in accordance with the “Working Capital Schedule”) and a statement of the actual Cash of the Company Group as of the close of business on the day prior to the Closing Date (“Actual Cash”).

Determination of Post-Closing Adjustment. As promptly as practicable after the Closing, but in no event No later than forty-five (45) 90 days following the Closing, Purchaser shall deliver to the Sellers’ Representative a statement the calculation of the actual Working Capital as of the close of business on the day prior to the Closing Date (“Actual Working Capital”) (prepared in accordance with the “Working Capital Schedule”) and a statement calculation of the actual Cash of the Company Group as of the close of business on the day prior to the Closing Date (“Actual Cash”).