Balance Sheet Principles definition

Balance Sheet Principles means, collectively, the Accounting Principles and the additional rules set forth on Schedule 1.1(a); provided, that in the event of a conflict between the Accounting Principles and the rules set forth on Schedule 1.1(a), the rules set forth on Schedule 1.1(a) apply.

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Balance Sheet Principles has the meaning specified in Section 2.3(2).

Balance Sheet Principles mean the principles identified in the Framework Agreement or if no specific principle thereunder applies, then according to the following general principles consistently applied: with respect to each balance sheet item (including reserves) on the Consolidated Balance Sheet, any items clearly identifiable as primarily relating to the Northern Business will be allocated to the balance sheet as of January 31, 2004 for the Northern Business required to be attached to the Stock Purchase Agreement and any items clearly identifiable as primarily relating to the Southern Business will be allocated to the Balance Sheet. Any items that cannot be so identified or that relate to the Business generally will be split between the balance sheets in the Agreed Sharing Proportion. Assets and liabilities relating to the CN States will be shown as Net Assets Held for Sale on the Balance Sheet.

Examples of Balance Sheet Principles in a sentence

• The Balance Sheet fairly presents, in conformity with GAAP applied on a consistent basis (as modified by the Balance Sheet Principles), the financial position of the Southern Business as of the Balance Sheet Date.

• The Related Financials fairly present, in conformity with GAAP applied on a consistent basis (as modified by the Balance Sheet Principles), the results of operations of the Southern Business for the period ended the Balance Sheet Date.

• The Draft Working Capital / Indebtedness Statement will be prepared in good faith in accordance with the Balance Sheet Principles.

• The Audited Financial Statements will be prepared on a basis consistent with the Balance Sheet and Related Financials and in accordance with United States Generally Accepted Accounting Principles (“GAAP”) and adhering to the Balance Sheet Principles.

• All of the foregoing statements are made only as of the date of the most recent financial statements available and as of the Closing Balance Sheet subject to the Closing Balance Sheet Principles.

More Definitions of Balance Sheet Principles

Balance Sheet Principles means the accounting principles set forth on Exhibit “D”.

Balance Sheet Principles the accounting principles, methodologies, policies and practices set forth in Schedule 1.3(a) of the Disclosure Letter.

Balance Sheet Principles has the meaning ascribed to such term in Section 4.3(a).

Balance Sheet Principles means, collectively, the Accounting Principles and the additional rules set forth on

Balance Sheet Principles means those balance sheet principles set forth in Exhibit A.

Balance Sheet Principles mean the accounting principles, methodologies, policies and practices set forth on Exhibit G hereto.

Balance Sheet Principles means GAAP applied (to the extent consistent with GAAP) using the same accounting principles, practices, policies and methodologies used in the preparation of the Audited Balance Sheet, applied on a consistent basis with the Audited Balance Sheet, as modified by the principles set forth on Exhibit C-1. A sample calculation of Net Working Capital is attached hereto as Exhibit C-2. For the avoidance of doubt, all amounts included in the sample calculation of Net Working Capital are included for illustrative purposes only. If there are any conflicts between the Balance Sheet Principles and the example Net Working Capital calculation, the Balance Sheet Principles shall take precedence. In any event, the Balance Sheet Principles shall follow the defined terms contained in this Agreement.