Examples of GLC Financial Statements in a sentence
There are no liabilities, contingent or otherwise, of GLC or its subsidiaries which are not reflected in the GLC Financial Statements except those incurred in the ordinary course of business since the date of the GLC Financial Statements, and neither GLC nor its subsidiaries have guaranteed or agreed to guarantee any debt, liability or other obligation of any person, firm or corporation.
No payments of any kind have been made or authorized since the date of the GLC Financial Statements to or on behalf of officers, directors, shareholders or employees of GLC or its subsidiaries or under any management agreements with GLC 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.
Certification status is confirmed during the compliance evaluation process.Program Incentives Bid discounts are applied at a rate of one percent (1%) or one (1) preference point for every 10% of additional contract dollars attributable to certified firms over the 20% minimum threshold requirement for responsive bids.
No dividends or other distributions on any shares in the capital of GLC or the Subsidiary have been made, declared or authorized since the date of the GLC Financial Statements.
Since the date of the GLC Financial Statements, GLC 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.
There are no accounts receivable of GLC or any of GLC’s subsidiaries which are not reflected in the GLC Financial Statements except those incurred in the ordinary course of business since the date of the GLC Financial Statements.