A&L Schedule definition

A&L Schedule means the schedule of assets and liabilities identified as the A&L Schedule in Section 4.06 of the Disclosure Schedules.
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Examples of A&L Schedule in a sentence

  • The Financial Statements have been prepared in accordance with Accounting Principles applied on a consistent basis throughout the periods involved, subject, in the case of the Interim Financial Statements and Final A&L Schedule, to normal and recurring year-end adjustments (the effect of which will not be materially adverse).

  • Seller has no Liabilities, except those which are adequately reflected or reserved against in the Closing A&L Schedule and there was no basis for the assertion against Seller of any Liability not so reflected or reserved against therein.

  • All Inventory, whether or not reflected on the Closing A&L Schedule, consists of a quality and quantity usable and salable in the ordinary course of Business consistent with past practice, except for obsolete, damaged, defective or slow-moving items that have been written off or written down to the lower of fair market value or cost or for which adequate reserves have been established.