EURC Financial Statements definition

EURC Financial Statements means, collectively, the audited financial statements of EURC for the two fiscal years ended December 31, 2013 and December 31, 2012, respectively, and the unaudited financial statements of EURC for the periods ending March 31, 2014 and June 30, 2014 as included in the SEC Reports;

Examples of EURC Financial Statements in a sentence

• No payments of any kind have been made or authorized since the date of the EURC Financial Statements to or on behalf of officers, directors, shareholders or employees of EURC or its subsidiaries or under any management agreements with EURC or its subsidiaries, except payments made in the ordinary course of business and at the regular rates of salary or other remuneration payable to them (which payments so made are set forth on Schedule 5(h) hereto).

• There are no accounts receivable of EURC or any of EURC’s subsidiaries which are not reflected in the EURC Financial Statements except those incurred in the ordinary course of business since the date of the EURC Financial Statements (which accounts receivable so incurred are set forth on Schedule 5(d) hereto).

• That the payment could have been made as consideration for entering into a trading scheme – we understand – is the argument of the Revenue.

• The EURC Financial Statements comply in all material respects with applicable accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the time of filing.

• Since the date of the EURC Financial Statements, EURC and its subsidiaries have not entered into any material agreement or commitment except in the ordinary course and except as provided in, contemplated by, or set forth in this Agreement or in the SEC Reports.

• No dividends or other distributions on any shares in the capital of EURC or the Subsidiary have been made, declared, or authorized since the date of the EURC Financial Statements.

• There are no liabilities, contingent or otherwise, of EURC or its subsidiaries which are not reflected in the EURC Financial Statements except those incurred in the ordinary course of business since the date of the EURC Financial Statements (which liabilities so incurred are set forth on Schedule 5(c) hereto), and neither EURC nor its subsidiaries have guaranteed or agreed to guarantee any debt, liability or other obligation of any person, firm or corporation.