Locked Box Accounts definition

Locked Box Accounts means the unaudited balance sheet of the Group (on a consolidated basis) as at the Locked Box Date which is in the tab “LB Accounts” in the Funds Flow attached to this Agreement as Schedule 9 (as such balance sheet is adjusted in the tab);

Locked Box Accounts means the unaudited consolidated accounts of VE and its Subsidiaries as of the Locked Box Date as provided to VI in the Virtual Data Room.

Locked Box Accounts means, in relation to the Group, the audited consolidated balance sheet of the Group as at the Locked Box Date in respect of the financial year ended on the Locked Box Date and the audited consolidated profit and loss account and the cash flow statement of the Group in respect of that financial year as at the Locked Box Date;

Examples of Locked Box Accounts in a sentence

• All liabilities of each Target Company for Tax measured by reference to income, profits or gains earned, accrued or received on or before the Locked Box Accounts Date or arising in respect of an Event occurring on or before the Locked Box Accounts Date are provided for or (as appropriate) disclosed in the Locked Box Accounts or Last Accounts to the extent required in accordance with applicable accounting policies.

• The Locked Box Accounts have been prepared in good faith and with due care and attention and in accordance with IFRS on a consistent basis with past management accounts and do not materially misstate the assets and liabilities and state of affairs of the Company as at the Locked Box Accounts Date.

• The Seller shall not be liable for any Claim to the extent that the fact, matter, event or circumstance giving rise to the Claim is Fairly Disclosed, provided or reserved for in the Locked Box Accounts or is provided for or otherwise taken into account in the Closing Statement or otherwise in the calculation of the Purchase Price.

• For the purposes of this paragraph 6, a material asset shall mean an asset with a book value in the Locked Box Accounts of £250,000 or more.

More Definitions of Locked Box Accounts

Locked Box Accounts means the unaudited balance sheet of the Company as at the Locked Box Date in the Agreed Form;

Locked Box Accounts means the accounts in agreed form of the Group Companies, comprising a balance sheet as at the Locked Box Date and profit and loss account for the period which commenced on 18 October 2016 and which ended on the Locked Box Date;

Locked Box Accounts means the consolidated balance sheet of the Target Group as at the Locked-Box Date in the agreed form;

Locked Box Accounts means the locked box accounts for the period ended on the Locked Box Date in the agreed form. “Locked Box Date” means 31 July 2018.

Locked Box Accounts means the audited statement of financial position, the audited income statement, the audited cash flow statement of Turkcell Holding, and the explanatory notes related thereto, for the period of 12 months ended on the Locked Box Accounts Date (including the auditor’s report, dated 5 June 2020, in respect thereof);

Locked Box Accounts means the aggregate of the unaudited individual entity trial balances of each of the Company and Rhino Topco 2 Limited and the unaudited, condensed, consolidated, interim income statement of Rhino Midco 2 Limited and Rhiag Group S.p.A., each for the nine month period ended on the Locked Box Date and the audited consolidated accounts of Rhino Bondco S.p.A. for the nine month period ended on the Locked Box Date in the agreed form and prepared in accordance with the Accounting Principles, comprising the balance sheet, the profit and loss account, and the 'note esplicative', as approved by Rhino Bondco S.p.A.;

Locked Box Accounts means the unaudited management accounts of each of the Sale Companies comprising a pro forma adjusted balance sheet for each of the Sale Companies as at the Locked Box Accounts Date, as set out in Exhibit 10 (Locked Box Accounts);