Completion Balance Sheet. The Vendor must as soon as reasonably possible after the Completion Date (and, in any event, within 42 Business Days after that date) prepare a special purpose proforma balance sheet relating to Inventory, trade debtors, Trade Creditors and Employee provisions (the Completion Balance Sheet Items) as at the Completion Date (Completion Balance Sheet):
Completion Balance Sheet. 8.1 The parties shall procure that, following Completion and as required by clause 8.4, a Completion Balance Sheet showing the Value of the Assets and the Balance Sheet Assumed Liabilities as at the Effective Time of Sale is prepared. For the purpose of preparing the Completion Balance Sheet the valuation policies, principles and practices applied in preparing the Audited Accounts (the "Applicable Accounting Policies") shall be used except that:
Completion Balance Sheet. 21 9 Liabilities ..............................................22 10 Employees ................................................25 11 Debtors ..................................................27 12 Adverse claims resulting from Elcom Management actions ...28 13
Completion Balance Sheet. The Warrantors shall not be liable for any Claim to the extent that such Claim relates to any matter specifically and fully provided for in the Completion Balance Sheet provided that the Warrantors shall be liable if and to the extent that any such provision has, in fact, been released.
Completion Balance Sheet. The draft Completion Balance Sheet (audited or unaudited, as the case may be), adjusted to reflect the item or items as agreed between the Vendors and the Purchasers in writing or as determined by the Independent Accountants shall constitute the Completion Balance Sheet for the purposes of this Agreement.
Completion Balance Sheet. 3 6. CONDITION ........................................................ 6 7. COMPLETION ....................................................... 6 8. TERMINATION ...................................................... 8 9. WARRANTIES ....................................................... 10 10.
Completion Balance Sheet. 5.1 The provisions of this Clause 5 will only take effect in the circumstances described in Clause 4.1.
Completion Balance Sheet. 5.1 The Purchaser shall procure that within thirty (30) days after the date of Completion, the Company and the Vendors' Accountants will prepare a draft Completion Balance Sheet and a draft statement of the Adjusted Net Assets of the Company and submit the same for approval to the Vendors, the Purchaser and the Purchaser's Accountants.
Completion Balance Sheet. 6.1 Immediately following the ComTel Completion Date, the Seller will, at its own cost, instruct the Seller's Accountant to prepare a draft pro forma consolidated balance sheet (hereinafter referred to as the "Completion Balance Sheet") for the ComTel Companies and the members of the Telecential Group as of the close of business on the ComTel Completion Date (on a going 14 14 concern basis as though the Parties had not consummated the transactions contemplated by this Agreement), for the sole purpose of:
Completion Balance Sheet the balance sheet of the Company (prepared and agreed or determined for the purposes of clause 3 as at the time of Completion on the Completion Date in accordance with the provisions of Schedule 7); Completion Date: the date of this agreement;
