Examples of April 30 Balance Sheet in a sentence
All of the accounts payable reflected on the April 30 Balance Sheet and all accounts payable that have arisen since April 30, 2001 arose from bona fide purchases of goods and services in the ordinary course of the Business.
As of April 30, 2001 and January 31, 2002, none of the Sellers had any Liabilities and Costs which were required to be but were not reflected on the April 30 Balance Sheet or the Interim Balance Sheet, respectively.
The value of obsolete, damaged or excess Inventory and of Inventory below standard quality has been written down on the April 30 Balance Sheet or, with respect to Inventory purchased since April 30, 2001, on the books and records of the Sellers and in the Interim Financial Statements or the Monthly Financial Statements, to ascertainable market value, or adequate reserves have been provided therefor, in accordance with GAAP.
Except as reflected in the April 30 Balance Sheet referred to in section 5.5, the inventories of the Seller contain no amount of items not saleable or usable within 12 months from the date thereof at normal profit margins consistent with historical sales practices.
The accounts payable of CPP reflected on the April 30 Balance Sheet and the Closing Date Balance Sheet arose, and have arisen, from bona fide transactions.
The phrase "or the April 30 Balance Sheet" is added after the phrase "in the Audited Financial Statements" in clause (ii) of Section 3.24(b) of the Purchase Agreement.
Similarly, any increase in the "Accounts payable-related parties" line on the April 30 Balance Sheet from the March 31 Balance Sheet shall offset an equal amount of any post-Divestiture adjustment obligation under subsection 3 above Patriot would otherwise have had, and the amount of such increase shall be deemed paid in full.
Attached hereto as Exhibit 3.4 is a balance sheet of MJA which has been prepared by MJA and dated as of April 30, 1998 ("April 30 Balance Sheet") which reflects the financial position of MJA as of such date.
Since the date of the April 30 Balance Sheet, the Business has been conducted in the ordinary course and consistent with past practice.
The parties acknowledge that Seller's April 30, 2004 balance sheet (the "April 30 Balance Sheet") was used by the parties as the basis for negotiating the Purchase Price.