Estimated Closing Statements definition
Examples of Estimated Closing Statements in a sentence
In furtherance of Vista Outdoor’s preparation of the Draft Estimated Closing Statement and the Estimated Closing Statement, Vista Outdoor shall consider in good faith all reasonable comments provided to the Advisory Estimated Closing Statements by Parent at least one (1) Business Day prior to delivery of the Draft Estimated Closing Statement.
The Closing Statements shall be prepared in accordance with IFRS consistently applied as to the Estimated Closing Statements and using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Financial Statements and be set forth in a schedule in reasonable detail.
Any required adjustments in prior Estimated Closing Statements will only be made pursuant to Section 2.5(b) below.
In the event the aggregate of the Estimated Working Capital of all of the Joint Ventures as reflected on the Estimated Closing Statements is a positive amount, the Purchase Price at the First Closing shall be increased by such positive amount.
At the Effective Time, Parent shall deposit, or cause the Surviving Corporation to deposit, with the Exchange Agent: (i) the Consideration Shares, in book-entry form with Computershare, the Parent’s transfer agent, and each time as set forth on the Stock Consideration Schedule), (ii) cash in lieu of any fractional shares payable pursuant to Section 3.01(e) to Stock Recipients, and (iii) cash sufficient to make payments with respect to the Cash Payment (as estimated in the Estimated Closing Statements).
Within ninety (90) days following the Closing Date, Buyer shall provide to the Sellers a statement setting forth Buyer’s calculation of each of the items included in the Estimated Purchase Price Adjustment (collectively, the “Purchase Price Adjustment”) , which statement shall be prepared in good faith and shall contain reasonable detail (the “Draft Closing Statement”) or an acceptance statement of the Estimated Closing Statements (the “Buyer Acceptance Statement”).
The Disputing Seller and Buyers shall bear their own expenses in the preparation and review of the Estimated Closing Statements and the Final Closing Statements, except that the fees and expenses of the Auditor shall be paid one-half by Buyers and one-half by the Disputing Seller.
The Mortgage Loan Documents contain an Appraisal of the related Mortgaged Property by a Qualified Appraiser acceptable to ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac.
The Estimated Closing Statements shall be certified on behalf of FreeChain by [***] of FreeChain, and shall be accompanied by work papers supporting the amounts set forth in the Estimated Closing Statements, together with reasonable supporting evidence of the calculation of such estimates.
In the event the aggregate of the Estimated Working Capital of all of the Joint Ventures as reflected on the Estimated Closing Statements is a negative amount, the Purchase Price at the First Closing shall be decreased by such negative amount.