Common use of Final Closing Date Working Capital Statement Clause in Contracts

Final Closing Date Working Capital Statement. As soon as practicable, and in any event within 90 days after the Closing Date, Buyer shall prepare, or shall cause to be prepared, and deliver to Seller and Parent, a statement of carve-out current assets and current liabilities reflecting the Acquired Assets (and no other assets of Seller) and the Assumed Obligations (and no other liabilities of Seller) determined as of the Effective Time (the “Final Closing Date Working Capital Statement”) prepared in accordance with GAAP applied on a basis consistent with that used in the preparation of the Financial Statements and in a manner consistent with Exhibit B. The Final Closing Date Working Capital Statement shall be accompanied by Buyer’s calculation of each component of the amount of the Net Working Capital as of the Closing Date (the “Final Working Capital”). The Final Working Capital shall be determined in accordance with the methodology set forth in Exhibit B. During the 30-Business Day period from and after delivery of the Final Closing Date Working Capital Statement, Buyer shall permit Seller and Parent and their accountants to review, during normal business hours and upon reasonable advance written notice, the relevant portions of work papers and other documents that are reasonably necessary for Seller’s and Parent’s review of Buyer’s calculation of the Final Working Capital.