BSI Financial Statements definition

BSI Financial Statements means collectively, the financial statements of BSI for the years ended December 31, 2005 and 2006, and the period ended March 31, 2007, all of which were prepared on an accrual basis in accordance with United States generally accepted accounting principles (other than the treatment of the BSI Unlisted Inventory), true copies of which are attached as Schedule “F” hereto;
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BSI Financial Statements means the audited consolidated balance sheet, statement of operations, statement of changes in stockholders' equity and statement of cash flows of BSI and its subsidiaries for the fiscal year ended December 31, 1995; and the unaudited consolidated balance sheet, statement of operations and statement of cash flows of BSI and its subsidiaries for the nine months ended September 30, 1996.
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Examples of BSI Financial Statements in a sentence

  • The BSI Financial Statements have been prepared in accordance with Canadian GAAP and present fairly the assets, liabilities (whether accrued, absolute, contingent or otherwise) and financial condition of BSI as of the respective dates thereof and the consolidated sales, income and results of operations of BSI for the respective financial periods covered thereby.

  • The auditors of BSI who audited the BSI Financial Statements and delivered the audit report with respect to those statements are independent public accountants.

  • BSI will have delivered to Buyer the BSI Financial Statements, which financial statements will include audited financial statements for BSI’s two most recent fiscal years, prepared in accordance with GAAP.

  • All adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included in the BSI Financial Statements.

  • There are no material liabilities, contingent or otherwise, of BSI which are not disclosed in Schedule “A” hereto or the BSI Disclosure Letter or reflected in the BSI Financial Statements except those incurred in the ordinary course of business since the date of the said schedule and the BSI Financial Statements, and BSI has not guaranteed or agreed to guarantee any debt, liability or other obligation of any person, firm or corporation.

  • Buyer will be reasonably satisfied with its due diligence investigation and review of the BSI Financial Statements.

  • BSI has not received any advice or notification from its independent certified public accountants that BSI has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting in the BSI Financial Statements, the books and records of BSI, any properties, assets, liabilities, revenues, or expenses.

  • This Agreement, the BSI Financial Statements and all other documents necessary or reasonably required to consummate the Transaction, all in form and substance reasonably satisfactory to Buyer, will have been executed and delivered to Buyer.

  • The BSI Financial Statements have been prepared in accordance with GAAP, except for (with respect to the interim BSI Financial Statements) the lack of footnotes.