Final Closing Date Balance Sheet definition
Examples of Final Closing Date Balance Sheet in a sentence
Within five Business Days following the termination of the 120-day period following the Closing Date, Shareholder shall deliver to Purchaser an amount in cash equal to the percentage set forth on Schedule 5(a) hereto of the aggregate amount of the face value of the Accounts Receivable that were included in the Final Closing Date Balance Sheet but which were not collected by the Practice as of the end of such 120-day period (such amount being referred to herein as the “Uncollected Amount”).
The Final Closing Date Balance Sheet shall set forth the actual amounts of (A) Cash, (B) Working Capital and (C) Debt and shall be accompanied by the Final Tax Adjustment Statement.
Except to the extent reflected as a liability on the Final Closing Date Balance Sheet, Seller shall pay all Taxes that may be due after the Closing Date and are allocable to the period prior to and including the Closing Date.
Following the determination of the Final Closing Date Balance Sheet pursuant to Section 1.4, above, Escrow Agent shall disburse the Holdback Amount in accordance with the joint written instructions of Seller and Purchaser provided pursuant to Section 1.4(a)(iii).
The Initial Closing Date Balance Sheet and, when delivered, the Final Closing Date Balance Sheet, fairly present the assets and liabilities of the Borrower and its Subsidiaries on a consolidated basis, subject to the working capital adjustment process set forth in Section 2.08 of the Credit Agreement as of such date.