Common use of The Statement Clause in Contracts

The Statement. Within 90 days after the Closing Date, Purchaser shall prepare and deliver to Seller a statement (the “Statement”), setting forth (i) the Working Capital of the Business as of the close of business on the Closing Date (the “Closing Working Capital”), (ii) the Eligible Capital Expenditures prior to the close of business on the day prior to the Closing Date (the “Closing Eligible Capital Expenditures”), (iii) the Debt Amount as of the close of business on the Closing Date and (iv) the Annualized Business Three Month Net Sales Amount. The Statement shall be prepared in a manner consistent with the Accounting Principles and the sample calculations set forth in Section 2.03(d) of the Seller Disclosure Letter. Seller shall provide reasonable assistance to Purchaser in the preparation of the Statement and shall provide Purchaser reasonable access at all reasonable times to the personnel, properties, books and records of Seller and the other members of the Seller Group (in each case, to the extent such personnel, properties, books and records relate to the Business) for such purpose.