Closing Date Balance Sheet definition
Examples of Closing Date Balance Sheet in a sentence
The term "Closing Date Balance Sheet Report" shall mean a Balance Sheet Report prepared as of the Closing Date.
The term "Final Net Worth" means total assets minus total liabilities, as reflected on the Closing Date Balance Sheet Report.
The Closing Date Balance Sheet shall be prepared in accordance with GAAP in a manner consistent with the Preliminary Balance Sheet so as to present fairly in all material respects the financial condition of the Company.
Except as set forth in this Section 4.4(b), no other assets or liabilities shall be included in the Closing Date Balance Sheet.
In addition, if the Seller does not object to the Closing Working Capital within the 15-day period referred to above, the Closing Working Capital, as reflected on the Closing Date Balance Sheet as so prepared, shall be deemed final and conclusive and binding upon the Seller and the Buyer.