BP Balance Sheet definition

BP Balance Sheet has the meaning set forth in Section 3.6.
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Examples of BP Balance Sheet in a sentence

  • The BP Balance Sheet reflects adequate reserves (in accordance with GAAP) for warranty claims and other damages in connection with any service rendered or product sold by any of the BP Asset Selling Entity or the Purchased Subsidiaries on or prior to the BP Balance Sheet Date.

  • The allowance for collection losses shown on the BP Balance Sheet has been determined in accordance with GAAP consistent with past practice.

  • To the BP Parties’ Knowledge, none of the BP Asset Selling Entity or the Purchased Subsidiaries has received any written notice from an account debtor stating that any account receivable in excess of $50,000 is subject to any defense, setoff or counterclaim by such account debtor other than returns in the ordinary course of their business and subject to the recorded allowance for collection losses shown on the BP Balance Sheet Date.

  • All accounts receivable which are included in the Business Assets reflected on the BP Balance Sheet or arising since the BP Balance Sheet Date represent bona fide amounts owed for products previously delivered or services previously rendered, and none of such accounts receivable represent a billing for products or services not yet delivered or rendered.

  • Except as set forth on Schedule 3.7, since the BP Balance Sheet Date, there has been no Material Adverse Effect with respect to the Business.

  • BP has delivered to the Company a balance sheet of BP as at March 31, 2003 (the "BP Balance Sheet"), and a statement of operations for the period from inception to March 31, 2003.

Related to BP Balance Sheet

  • SpinCo Balance Sheet means the pro forma combined balance sheet of the SpinCo Business, including any notes and subledgers thereto, as of June 30, 2018, as presented in the Information Statement made available to the Record Holders.

  • Latest Balance Sheet has the meaning set forth in Section 3.4(a).

  • Company Balance Sheet means the consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2019 and the footnotes thereto set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2019.

  • Interim Balance Sheet has the meaning set forth in Section 3.06.

  • Audited Balance Sheet means the audited balance sheet of the company prepared for the purposes of the Companies Acts for a financial year unless an audited consolidated balance sheet dealing with the state of affairs of the company and its subsidiary undertakings required to be dealt with in group accounts has been prepared for those purposes for the same financial year, in which case it means that audited consolidated balance sheet, and in that case all references to reserves shall be deemed to be references to consolidated reserves;