E&Y Audit definition
Examples of E&Y Audit in a sentence
The Seller shall have delivered to the Purchaser the Year End Audited Financial Statements with the E&Y Audit Opinion as required by Section 5.05(a) hereof.
Within 90 days after the Closing, Buyer has the right to cause Ernst & Young LLP ("E&Y") to review or audit the Company's Closing Date Balance Sheet (the "E&Y Audit") to verify the Minimum Net Worth.
EY Audit SpA, who has audited certain financial statements of the Company and its subsidiaries and affiliates, is an independent registered public accounting firm with respect to the Company and its subsidiaries and affiliates, within the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board (United States) and as required by the Securities Act.
The E&Y Audit Opinion regarding the Annual Financial Statements shall not have been withdrawn or modified.
The E&Y Tangible Net Worth shall be the amount as set forth in the final 1996 E&Y Audit; provided, however, that for purposes of testing Borrowers' compliance with the covenant set forth in Section 5.20 hereof, if the 1996 E&Y Audit is not yet in final form at the time such covenant is to be tested in accordance with the provisions hereof, the E&Y Tangible Net Worth shall be the amount as set forth in the draft 1996 E&Y Audit.
The Closing Date Balance Sheet shall include a line item for cash which shall be used to calculate the amount of the Company's cash on hand pursuant to Section 2.2.1. In conjunction with the E&Y Audit, E&Y shall confirm cash as of the Closing Date.
Within 90 days after the Closing, Buyer will cause Ernst & Young LLP ("E&Y") to review or audit the Company's Closing Date Balance Sheet (the "E&Y Audit") to verify the Minimum Net Worth.