Off Balance Sheet Clause Samples
The "Off Balance Sheet" clause defines how certain assets, liabilities, or financial arrangements are not recorded directly on a company's balance sheet. In practice, this clause typically applies to items such as operating leases, joint ventures, or special purpose entities, which are structured to remain outside the main financial statements. Its core function is to clarify which obligations or assets are excluded from formal accounting records, thereby ensuring transparency and preventing misunderstandings about the company's true financial position.
Off Balance Sheet. The Corporation has not engaged in any "off balance sheet" or similar financing.
Off Balance Sheet. So far as the Vendor is aware, no Target Group member is and no Target Group member has during the last three years prior to the Accounts Date been a party to an agreement, arrangement or transaction the intention of which was to ensure that any Target Group member is or was entitled to receive a financial advantage or is or was obliged to incur or bear any costs, liabilities (whether contingent or otherwise), risks or other expenditure of any nature which would not be fully reflected in the Accounts or the relevant Target Group member's accounts for any relevant period by virtue of their being "off-balance sheet" financing arrangements.