Specified Accounting Principles definition
Examples of Specified Accounting Principles in a sentence
As promptly as practicable, but in no event later than 60 days following the Closing Date, ▇▇▇▇▇▇▇ shall, at its expense, (i) cause to be prepared, in accordance with the Specified Accounting Principles (as applicable), a statement (the “Closing Date Schedule”) setting forth in reasonable detail its calculation of the Closing Net Working Capital Amount, and (ii) deliver to Partner the Closing Date Schedule.
Within twenty (20) Business Days following the end of each of Earnout Period 1 and Earnout Period 2, the Buyer shall prepare and deliver to the Sellers’ Representative a statement of the Receiver Revenue for sales of the Receiver during the applicable earnout period (each such statement an “Earnout Statement”) setting forth in reasonable detail the Receiver Revenue associated with the sales of the Receiver, determined in accordance with the Specified Accounting Principles.
The Initial Closing Statement shall be prepared in accordance with the Specified Accounting Principles.
Purchaser agrees to prepare the Proposed Closing Statement strictly in accordance with the Specified Accounting Principles (in respect of the calculation of all items required to be set forth in the Proposed Closing Statement other than Spent Capex) and the definitions in this Agreement relating thereto.
Sellers and the Transferred Entities have paid or caused to be paid to the applicable Taxing Authority on a timely basis, or have accrued in accordance with Specified Accounting Principles, all Taxes relating to the Business or the Transferred Assets.