MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
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End Target Initial Closing Working Capital, there will be no adjustment to the Base Initial<br />
Closing Purchase Price pursuant to this Section 1.2(b)(iv).<br />
(v) Adjustment for Accrued Initial Closing Employee Entitlements.<br />
Seller shall wire the amount of the Accrued Initial Closing Employee Entitlements as finally<br />
determined pursuant to this Section 1.2(b), (which amount shall be grossed up to adjust for tax<br />
obligations undertaken by Buyer and any other payments or contributions required to be paid by<br />
Buyer to any Governmental Authority or any other Person in connection with the payment of the<br />
Accrued Initial Closing Employee Entitlements as finally determined to the Initial Closing<br />
Employees but, for the avoidance of doubt, excluding any amounts required to be withheld or<br />
deducted from amounts paid to the Initial Closing Employees), to an account designated in<br />
writing by Buyer in immediately available funds within two (2) Business Days after the date that<br />
the amount of the Accrued Initial Closing Employee Entitlements is finally determined pursuant<br />
to this Section 1.2(b).<br />
(vi) Adjustment for Accrued Initial Closing Bonus Entitlements. Seller<br />
shall wire the amount of the Accrued Initial Closing Bonus Entitlements as finally determined<br />
pursuant to this Section 1.2(b) (which amount shall be grossed up to adjust for tax obligations<br />
undertaken by Buyer and any other payments or contributions required to be paid by Buyer to<br />
any Governmental Authority or any other Person in connection with the payment of the Accrued<br />
Initial Closing Bonus Entitlements as finally determined to the Initial Closing Employees but, for<br />
the avoidance of doubt, excluding any amounts required to be withheld or deducted from<br />
amounts paid to the Initial Closing Employees), to an account designated in writing by Buyer in<br />
immediately available funds within two (2) Business Days after the date that the amount of the<br />
Accrued Initial Closing Bonus Entitlements is finally determined pursuant to this Section 1.2(b).<br />
(vii) Adjustment for Initial Closing Severance Entitlements. Seller shall<br />
wire the amount of the Initial Closing Severance Entitlements as finally determined pursuant to<br />
this Section 1.2(b) (which amount shall be grossed up to adjust for tax obligations undertaken by<br />
Buyer and any other payments or contributions required to be paid by Buyer to any<br />
Governmental Authority or any other Person in connection with the payment of the Initial<br />
Closing Severance Entitlements as finally determined to the Initial Closing Employees but, for<br />
the avoidance of doubt, excluding any amounts required to be withheld or deducted from<br />
amounts paid to the Initial Closing Employees), to an account designated in writing by Buyer in<br />
immediately available funds within two (2) Business Days after the date that the amount of the<br />
Initial Closing Severance Entitlements is finally determined pursuant to this Section 1.2(b).<br />
(viii) Cooperation and Access to Books and Records. Buyer and Seller<br />
shall, and shall cause the Buyer Parties and the Seller Parties respectively to, cooperate in good<br />
faith and assist each other in the finalization of the Initial Closing Statement, including the<br />
making available to the extent reasonably necessary of books, records, working papers and<br />
personnel.<br />
(ix) Adjustment to Base Canada Purchase Price. The Canada Purchase<br />
Price shall be subject to a separate adjustment following the Canada Closing in accordance with<br />
the Canada Purchase Agreement and without duplication of any asset or liability that is taken<br />
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