Predecessor. Any Person whose liabilities arising under any Environmental Law have or may have been retained or assumed by Lessor or Lessee, either contractually or by operation of law, relating to the Leased Property.
Predecessor. Any Person whose liabilities arising under any Environmental Law have or may have been retained or assumed by Lessee, either contractually or by operation of law, relating to the Leased Property. Primary Intended Use - As defined in Section 7.2(b). Proceeding - Any judicial action, suit or proceeding (whether civil or criminal), any administrative proceeding (whether formal or informal), any investigation by a governmental authority or entity (including a grand jury), and any arbitration, mediation or other non-judicial process for dispute resolution.. RCRA - The Resource Conservation and Recovery Act, as amended. Real Estate Taxes - All real estate taxes, including general and special assessments, if any, which are imposed upon the Land, and any improvements thereon.
Predecessor. The foregoing need led to the creation and establishment of the Stanislaus Area Association of Governments on May 11, 1971, the subsequent approval of a Revised Joint Powers Agreement on May 28, 1974, and a subsequent approval of a Joint Powers Agreement establishing the Stanislaus Council of Governments on June 5, 2001.
Predecessor. All representations and warranties by the Borrower shall, where applicable, relate to the business of Cementitious Materials, Inc. prior to the reverse merger with NaturalNano.
Predecessor. Preferred stock (par value $0.01; 20,000,000 shares authorized, none issued) — — — Common stock (par value $0.01; 75,000,000 shares authorized and 31,580,000 issued) — 320 — Successor: Common stock (par value $0.001; 1,000 shares authorized, issued and outstanding) Additional paid-in capital 55,000 403,613 55,000 Retained earnings (13,031 ) 283,030 (8,260 ) Less treasury stock—at cost — (40,668 ) — Total shareholders’ equity 41,969 646,295 46,740 TOTAL $ 1,606,542 $ 1,442,601 $ 1,590,316 See notes to consolidated financial statements. SKO GROUP HOLDING CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THIRTEEN WEEKS ENDED APRIL 29, 2006 (SUCCESSOR) AND APRIL 30, 2005 (PREDECESSOR) (In thousands) Successor Predecessor April 29, April 30, 2006 2005 (13 weeks) (13 weeks) CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) income $ (4,771 ) $ 636 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and amortization 7,511 20,881 Amortization of deferred financing costs 4,452 — Gain on the sale of property and equipment — (177 ) Change in assets and liabilities—net of effects of the Acquisition: Receivables 7,554 10,712 Merchandise inventories (34,927 ) (33,223 ) Other current assets 558 (1,833 ) Other assets 662 72 Accounts payable and accrued liabilities (17,654 ) 13,386 Other long-term obligations 7,934 (1,049 ) Net cash (used in) provided by operating activities (28,681 ) 9,405 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (96 ) (2,806 ) Proceeds from the sale of property and equipment 420 321 Payments for pharmacy customer lists — (1,552 ) Net cash (used in) provided by investing activities 324 (4,037 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings (repayments) under revolving credit facilities 33,651 — Borrowings (repayments) of other debt and capital lease obligations (3,349 ) (9,681 ) Proceeds from exercise of stock options — 6,007 Purchase of treasury stock — (4 ) Net cash provided by (used in) financing activities 30,302 (3,678 ) NET INCREASE IN CASH AND CASH EQUIVALENTS 1,945 1,690 CASH AND CASH EQUIVALENTS—Beginning of period 21,018 25,110 CASH AND CASH EQUIVALENTS—End of period $ 22,963 $ 26,800 See notes to consolidated financial statements SKO GROUP HOLDING CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY FOR THE THIRTEEN WEEKS ENDED APRIL 29, 2006 (SUCCESSOR) (In thousands) Additional Common Stock Paid-in Retained Total Shares Amount Capital Earn...
Predecessor. | Successor ----------- --------- Four | Eight Year months | months Year Ended ended | ended ended December 31, April 30, | December 31, December 31, 2002 2003 | 2003 2004 XXX XXX | XXX XXX XX$ | PRC Federal statutory tax rate 30% 30% | 30% 30% 30% | Computed expected income tax expense - ( 225) | (2,075) (12,798) (1,546) Non-deductible expenses - 200 | - - - Preferential tax treatment - - | 2,075 (12,798) (1,546) ----- ----- | ----- ----- ----- | - ( 25) | - - - ===== ===== | ===== ===== ===== The Company is governed by the Income Tax Laws of the PRC. Being a Sino-foreign joint venture, the Company is exempt from income taxes for a period of two years commencing from its first profitable year and is entitled to a preferential income tax rate of 15% for three consecutive years commencing from its third profitable year. Thereafter, the profits will be charged at the full rate of 30%. WUHU FEISHANG MINING DEVELOPMENT CO., LTD. NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2002 FOUR MONTHS ENDED APRIL 30, 2003 EIGHT MONTHS ENDED DECEMBER 31, 2003 YEAR ENDED DECEMBER 31, 2004 (AMOUNTS IN THOUSANDS)
Predecessor. The Contribution Agreement constitutes the valid and legal obligation of MFT, enforceable by the Company in accordance with its terms, and has not been amended or modified in any manner. The Company has taken no action, directly or indirectly, to assume any of the "Excluded Liabilities" (as defined in the Contribution Agreement).