GAAP Statement definition
Examples of GAAP Statement in a sentence
Value" shall mean the book value of a specified Person as of a specified date, measured in accordance with GAAP based on an audited GAAP Statement or, if otherwise permitted herein, a Verified unaudited GAAP Statement.
Each AVLIC GAAP Statement was prepared in accordance with GAAP, is or will when provided be true and complete in all material respects, and does or will fairly present, in all material respects, all of the information contained therein, including without limitation the assets, liabilities, capital and surplus, and results of operations of AVLIC as of the respective dates thereof or periods covered thereby.
The consolidated statements of cash flows prepared under UK GAAP in accordance with Financial Reporting Standard No 1 (Revised 1996), "Cash flow statements," present substantially the same information as that required under US GAAP: Statement of Financial Accounting Standard Number 95, "Statements of Cash Flows." These standards differ, however, with regard to classification of items within the statements and as regards the definition of the cash and cash equivalents.
Such GAAP Statement (and the notes related thereto, whether or not included therein) was prepared in accordance with GAAP, and fairly presents (in accordance with GAAP) the financial position of Exl and Exl's Subsidiary, on a consolidated basis, as of the date thereof and the related results of operations, shareholder's equity, and cash flow of Exl and its Subsidiary, on a consolidated basis, for and during the period covered thereby.
Each such GAAP Statement (and, in the case of the audited GAAP Statements, the notes relating thereto) was prepared in accordance with GAAP applied on a consistent basis (except for changes, if any, disclosed therein), and fairly presents (in accordance with GAAP) the financial position of the Company as of the respective dates thereof or the related results of operations, shareholder's equity, or cash flow of the Company for and during the respective periods covered thereby.
Exl has previously delivered to Conseco the following GAAP Statement: the audited consolidated balance sheet of Exl as of March 31, 2001 and the related audited statements of operations, shareholders' equity, and cash flow for the year then ended, together with the notes related thereto.
Except to the extent reflected in the balance sheet included in the December 31, 1996 annual GAAP Statement (and the notes relating thereto), or except as disclosed in Section 4.11 of the Disclosure Schedule, there were no Liabilities (other than policyholder benefits payable in the ordinary course of business and consistent with past practice) against, relating to, or affecting any Acquired Company as of December 31, 1996 exceeding $100,000 in the aggregate.
Each GAAP Statement was prepared in accordance with GAAP, is true and complete in all material respects and fairly presents the financial position of the Company as of the respective dates thereof and the related results of operations, shareholder's equity and cash flows of the Company for and during the respective periods covered, except that the unaudited GAAP Statements are subject to normal immaterial year-end adjustments and the omission of certain footnote disclosures.
Such Quarterly Statement and Monthly Statements shall be prepared on a basis consistent with that used in the preparation of previous internal statements and will not reflect any changes in accounting methods from the most recent year-end GAAP Statement.