Common use of The Statement Clause in Contracts

The Statement. Within 60 days after the Closing Date, Seller shall prepare and deliver to Purchaser a statement (the "STATEMENT"), setting forth Net Assets (as defined in Section 1.04(d)) as of the close of business on the Closing Date ("CLOSING NET ASSETS") determined in accordance with the accounting principles, practices, methodologies and policies used in the preparation of the Reference Statement (as defined in Section 2.15), except as provided in Schedule 1.04(a). During such 60-day period, at Purchaser's request, Seller shall provide Purchaser a reasonable opportunity to inquire as to Seller's preparation of the Statement. After the Closing Date, at Seller's request, Purchaser shall assist, and shall cause the Acquired Companies and their respective subsidiaries (as defined in Section 10.05(b)) to assist Seller and its representatives in the preparation of the Statement and shall provide Seller and its representatives any information reasonably requested and shall provide them access at all reasonable times to the personnel, properties, books and records of the Acquired Companies and their respective subsidiaries for such purpose.

Appears in 1 contract

Sources: Stock Purchase Agreement (Kennametal Inc)

The Statement. Within 60 days after the Closing Date, Seller shall prepare and deliver to Purchaser a statement (the "STATEMENTStatement"), setting forth Net Assets (as defined in Section 1.04(d)) as of the close of business on the Closing Date ("CLOSING NET ASSETSClosing Net Assets") determined in accordance with the accounting principles, practices, methodologies and policies used in the preparation of the Reference Statement (as defined in Section 2.15), except as provided in Schedule 1.04(a). During such 60-day period, at Purchaser's request, Seller shall provide Purchaser a reasonable opportunity to inquire as to Seller's Seller"s preparation of the Statement. After the Closing Date, at Seller's request, Purchaser shall assist, and shall cause the Acquired Companies and their respective subsidiaries (as defined in Section 10.05(b)) to assist Seller and its representatives in the preparation of the Statement and shall provide Seller and its representatives any information reasonably requested and shall provide them access at all reasonable times to the personnel, properties, books and records of the Acquired Companies and their respective subsidiaries for such purpose.

Appears in 1 contract

Sources: Stock Purchase Agreement (Milacron Inc)