Balance Sheet Target definition
Examples of Balance Sheet Target in a sentence
Since the date of the Most Recent Balance Sheet, Target has not incurred any liability for Taxes arising from extraordinary gains or losses, as that term is used in GAAP, outside the Ordinary Course of Business consistent with past custom and practice.
Except and to the extent reflected or reserved against in the Target balance sheet as of September 30, 1999 (the "Target Balance Sheet"), Target does not have, as of the date of such balance sheet, any liabilities or obligations (absolute or contingent) of a nature required or customarily reflected in a balance sheet (or the notes thereto).
Since the date of the Most Recent Balance Sheet, Target has not incurred any liability for Taxes arising from extraordinary gains or losses, as that term is used in GAAP, outside the Ordinary Course of Business.
Any Objection Notice shall specify in reasonable detail (i) any item on the Effective Time Balance Sheet, Target Balance Sheet(s) and/or calculation of Fixed Assets, Prepaid Expenses or the Net Working Capital which Buyer believes has not been determined and computed in accordance with this Section 2.07, and (ii) the correct amount of such item determined in accordance with this Section 2.07.
Except as set forth in the Target Balance Sheet, Target is not obligated in any way to provide funds in connection with any guarantee of, or to assume, any debt, obligation or dividend of any other person, corporation, association, partnership, limited liability company, joint venture, trust or other entity.
The decision of the Referee with respect to the items relating to the Effective Time Balance Sheet, Target Balance Sheets and the Net Working Capital, Fixed Assets and/or Prepaid Expenses that are disputed in the Objection Notice shall be final, conclusive and binding on the parties.
Except as set forth in such Balance Sheet, Target does not have outstanding on the date hereof, nor will it have outstanding on the Closing Date, any indebtedness or liability (absolute or contingent) other than those incurred since the date of such Balance Sheet in the ordinary course of business.
Management Retention Plan, exceeds the Balance Sheet Target (the “Closing Date Stockholder Distributions”) to the Stockholders according to each Stockholder’s Pro Rata Percentage.
HBC shall deliver the Closing Balance Sheet and the determination of the Balance Sheet Target minus the Tangible Stockholders’ Equity as shown on the Closing Balance Sheet (the “Final Balance Sheet Adjustment Amount”) to the Stockholders’ Representative within ninety (90) days following the Closing Date.
Since the date of the Balance Sheet, Target has not incurred or become subject to any Liability other than Liabilities incurred in the ordinary course of business.