Draft Net Asset Statement definition

Draft Net Asset Statement has the meaning given to it in Clause 5.1.
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Draft Net Asset Statement has the meaning given to it in paragraph 1.1 of Schedule 7 (Completion Accounts);
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Examples of Draft Net Asset Statement in a sentence

  • The Purchaser undertakes to promptly give the Seller such information and access to such persons as the Seller may reasonably require in respect of drawing up the Draft Net Asset Statement.

  • Each of the Draft Net Asset Statement and the Net Asset Statement shall be drawn up in the form set out below.

  • The Seller shall deliver to the Purchaser a revised Base Net Asset Statement calculated using the Conversion Rate (as defined in Clause 1.10) on the Closing Date together with the Draft Net Asset Statement in accordance with paragraph 5.1 and such revised Base Net Assets Statement shall be deemed to be the Base Net Assets Statement for all purposes of this Agreement.

  • In particular, without limitation their determination shall be deemed to be incorporated into the Draft Net Asset Statement.

  • If the Seller does not within 30 days of presentation to it of the Draft Net Asset Statement give notice to the Purchasers that it disagrees with the Draft Net Asset Statement or any item thereof, such notice stating the reasons for the disagreement in reasonable detail and specifying the adjustments which, in the Sellers opinion should be made to the Draft Net Asset Statement (the "Sellers Disagreement Notice"), the Draft Net Asset Statement shall be final and binding on the parties for all purposes.

  • No later than 60 days following Closing the Purchaser shall procure that the management of the Group shall deliver simultaneously to the Seller and the Purchaser the Draft Net Asset Statement.

  • The Seller and the Purchasers shall attempt in good faith to reach agreement in respect of the Draft Net Asset Statement and, if they are unable to do so within 21 days of such notification, the Seller or either of the Purchasers may by notice to the other (an "Appointment Notice") require that the Draft Net Asset Statement be referred to.

Related to Draft Net Asset Statement