Balance Sheet Date definition
Examples of Balance Sheet Date in a sentence
All accounts and notes receivable reflected on the Financial Statements and all accounts and notes receivable arising subsequent to the Balance Sheet Date and prior to the Closing Date, have arisen or will arise in the ordinary course of business out of bona fide sales and deliveries of goods, performance of services or other business transactions.
Since the Balance Sheet Date, Cornerstone GP has (1) managed the accounts constituting Closing Working Capital in good faith in the ordinary course of business, (2) not accelerated the recognition of revenue or collection of accounts, or deferred incurring costs or expenditures outside the ordinary course of business and (3) maintained billing and collection processes in the ordinary course of business, in each case, in all material respects.