Business Financials definition

Business Financials has the meaning set forth in Section 6.15(a).

Business Financials means a balance sheet of the Business as of December 31, 2011 and those pro forma summary contribution statements for the business as if run as a separate division of the Seller for the periods 12-month ended December 31, 2009, December 31, 2010, and December 31, 2011, all as attached hereto as Schedule 1.01(A), prepared in each case in accordance with the Accounting Principles.

Business Financials shall have the meaning set forth in Section 2.5(a).

Examples of Business Financials in a sentence

• Use five-year average if most recent year income is negative outlier by 10% or more.Acquired Business Financials SIGNIFICANCE LEVELSFINANCIAL STATEMENTSIndividual acquisition (or multiple acquisitions of related businesses) 20% significance or lessNo separate financial statements required.

• Seller shall use its best efforts to prepare and complete the Audited 2008 Business Financials, and to cause the audit of such financial statements to be completed on or prior to the forty-fifth (45th) calendar day after the Closing Date.

• If the Audited 2008 Business Financials are completed and delivered to Purchaser on or prior to the forty-fifth (45th) calendar day after the Closing Date, Purchaser shall cause the Escrow Agent to promptly pay the entire Withheld Amount (including interest with respect thereto) to Seller.

• The audit of the Audited 2007 Business Financials by Seller’s independent public accounting firm shall have been completed and the opinion of such independent public accountants on the Audited Business Financials shall contain no material qualifications and shall otherwise be in customary form reasonably satisfactory to Purchaser.

• The Business Financials have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the periods involved (except as may otherwise be indicated therein) and each presents fairly, in all material respects, the financial position of the Business as at the date thereof and the results of its operations and cash flow position for the period indicated.

• Any revisions or updates to the Business Financials, Benefits Analysis, and/or any other adjustments to previous reports.

• As such, research may be expected to have a problem-solving orientation by collecting evidence on the nature and extent of the perceived shortcomings of and assessing potential ways to improve or to remedy a deficiency in international accounting standards.

• The Partnership has made available to Buyer (i) copies of all SEC Reports filed as of the date hereof, and (ii) copies of the Propane Business Financials.

• More extensive information on projecting sales can be found in the Business Financials section.Projections may not be as detailed as the monthly Profit and Loss and Cash Flow Statements that will accompany the actual Business Plan.

• A similar recommendation is to look at language in a new way – to consider it strange.

More Definitions of Business Financials

Business Financials means (i) for each fiscal year ended December 31, 2007, 2008 and 2009 and for each quarterly period for fiscal year 2009, the unaudited Schedule of Profit & Loss for the Business, (ii) for each of December 31, 2008, June 30, 2009 and September 30, 2009, the unaudited balance sheet of the Business Subsidiary, (iii) unaudited accounts receivable, net and deferred revenue balances of the Business as of December 31, 2009 and (iv) for each quarterly period for fiscal year 2009, the unaudited bookings figures for the Business, in each case for clauses (i) -(iii), prepared in accordance with GAAP consistently applied, and in each case for clauses (i)-(iv), exclusive of Business Pro-Forma Adjustments, if any.