Closing Trial Balance definition

Closing Trial Balance is defined in Section 2.3(a).
Sample 1Sample 2
Closing Trial Balance means a closing trial balance as at the Completion Date printed from the Company’s SAP software;
Sample 1Sample 2
Closing Trial Balance the trial balance of the Seller Group Companies dated as of the Closing Date and prepared in accordance with GAAP on a basis consistent with the basis on which the Balance Sheet and the other financial statements referred to in Section 3.4 were prepared. “Code” - the Internal Revenue Code of 1986, as amended.
Sample 1

Examples of Closing Trial Balance in a sentence

  • The Closing shall be held on the third Business Day following the delivery by Seller to Buyer of Seller's Preliminary Closing Trial Balance, and after the satisfaction or waiver of all conditions to the obligations of the parties set forth in Article VI hereof (other than obligations to be performed at the Closing), or at such other place, or at such other time or on such other date as Seller and Buyer may mutually agree in writing.

  • The Purchase Price will be the sum of: the Book Value of the Purchased Assets on the Seller's Preliminary Closing Trial Balance, minus an amount equal to the Due Diligence Reserve as calculated in Section 2.6; plus the aggregate amount of the Adjustment Payment due to Seller as determined and paid according to Section 2.7 of this Agreement; minus the aggregate amount of the Book Value of the Assumed Liabilities on the Seller's Preliminary Closing Trial Balance.

  • He noted his conversation with Liz Holt from the Chamber and that Staff is working to help promote their gift card program.

  • After Closing Trial BalanceAfter the revenue and expenses accounts have been closed through closing entries, it is possible and also considered necessary to prepare an After Closing Trial Balance" which thus, of course, will consist solely of Balance Sheet items.

  • For the avoidance of doubt, the Red Cat acknowledges that Unusual is not assuming any such Liabilities, not disclosed and accrued for or reserved against in the Closing Trial Balance, and Unusual will be indemnified for such pursuant to Section 7.04.

  • Seller's Preliminary Closing Trial Balance shall be dated as of the last day of the month immediately preceding the Closing Date.

  • If an extension is requested pursuant to Clause 8 (Extension Option), the Company shall pay to the Facility Agent (for the account of each Lender) a fee of 0.10 per cent.

  • Except for Schedule D hereto, which shall be updated by Seller every thirty (30) days from the date of this Agreement to the date of Seller's Preliminary Closing Trial Balance, Seller shall promptly disclose to Buyer, in writing, any change, addition, deletion or other modification to the information set forth in the Schedules, Annexes, or Exhibits to this Agreement, including the loan portfolio.

  • The inventories of the Company and each Subsidiary of the Company as of the Closing Date shown on the Closing Trial Balance will be stated at the lower of cost (on a first-in first-out basis) or market.

  • Online algorithms are better suited to deal with high dynamicity, which, however, always comes at the cost of less optimal solutions, relying on heuristics.

Related to Closing Trial Balance

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Principal Balance Schedules Not applicable.

  • Cut-off Date Principal Balance As to any Mortgage Loan, the Stated Principal Balance thereof as of the close of business on the Cut-off Date.

  • Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a).

  • Final Balance Sheet has the meaning set forth in Section 3.3(b).

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Original Certificate Principal Balance With respect to any Class of Certificates, the amount specified for such Class in Section 4.01(d).

  • Principal Balance Certificate Any of the Class A-1, Class A-2, Class A-3, Class A-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F, Class G and Class PEX Certificates.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Cut-Off Date Aggregate Principal Balance The aggregate of the Cut-Off Date Principal Balances of the Mortgage Loans is as set forth in Section 11.03.

  • Lower-Tier Principal Balance The principal amount of any Lower-Tier Regular Interest outstanding as of any date of determination. As of the Closing Date, the Lower-Tier Principal Balance of each Lower-Tier Regular Interest shall equal the original Lower-Tier Principal Balance as set forth in the Preliminary Statement hereto. On each Distribution Date, the Lower-Tier Principal Balance of each Lower-Tier Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such Lower-Tier Regular Interest on such Distribution Date pursuant to Section 4.01(a)(ii) of this Agreement, and shall be further permanently reduced on such Distribution Date by all applicable Realized Losses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.01(f) of this Agreement, such that at all times the Lower-Tier Principal Balance of a Lower-Tier Regular Interest shall equal the Certificate Balance of the Corresponding Certificates. The Lower-Tier Principal Balance of any Lower-Tier Regular Interest may be increased on a particular Distribution Date as and to the extent contemplated by Section 4.01(g) of this Agreement.

  • Certificate Principal Balance For each Certificate of any Class, the portion of the related Class Principal Balance, if any, represented by such Certificate.

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).