Financial Records definition
Examples of Financial Records in a sentence
Schedule 3.1(15) lists each item of movable property owned by the Target which had a book value in the Financial Records of the Target at the date of the most recent Annual Financial Statements of more than $2,000 or is otherwise material to the Business.
All Receivables are recorded in the Financial Records of the Target and the Receivables are valid obligations which arose in the Ordinary Course of Business and, except as disclosed in Schedule 3.1(19), shall be collected in the Ordinary Course of Business, in the aggregate, at their full face value and are not subject to any set-off or counterclaim.
All material financial transactions of the Target have been accurately recorded in the Financial Records in accordance with sound business and financial practice and the Financial Records accurately reflect the basis for the financial condition and the revenues, expenses and results of operations of the Target as of and to the Closing Date.