Preliminary Closing Statement definition
Examples of Preliminary Closing Statement in a sentence
The Estimated Cash Amount, Estimated Indebtedness Amount, Estimated Transaction Expenses and Estimated Net Working Capital Amount in the Preliminary Closing Statement shall be prepared and calculated in accordance with the definitions of the applicable terms set forth in this Agreement, including the Accounting Principles as applicable.
Seller shall review any comments proposed by Purchaser with respect to the draft Preliminary Closing Statement and shall consider, in good faith, any appropriate changes thereto prior to the delivery of the Preliminary Closing Statement pursuant to Section 2.1(a).
For the avoidance of doubt, ▇▇▇▇▇▇▇▇▇’s failure to propose any change with respect to the draft Preliminary Closing Statement shall not impact Purchaser’s rights with respect to proposing such change, or any other change, in the Proposed Closing Statement in accordance with Section 2.2.
If Company objects to any aspect of the Preliminary Closing Statement, Company must deliver a written notice of objection (the “Objection Notice”) to Purchaser on or prior to the expiration of the Review Period.
During the Review Period, Purchaser shall provide Company and its Representatives with reasonable access during normal business hours and after reasonable advance notice to the books, records and other documents (including work papers, schedules, financial statements and memoranda) of Purchaser and Company for purposes of their review of the Preliminary Closing Statement.