GP Financial Statements definition

GP Financial Statements means the balance sheet of the Avis General Partner as at December 31, 2004 and the statements of income, retained earnings and sources and application of funds for the Avis General Partner for the period beginning January 1, 2004 and ending December 31, 2004;

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GP Financial Statements means the balance sheet of the General Partner as at June 30, 2003 and the statements of income, retained earnings and sources and application of funds for the period beginning April 1, 2003 and ending June 30, 2003; “Gain on Dispositions” for any period means the amount, if any, by which Proceeds of Disposition received by the Partnership in such period exceeds the Current Book Value of the subject Vehicles;

GP Financial Statements shall have the meaning specified in Section 6.04(c).

Examples of GP Financial Statements in a sentence

• Except as described in the footnotes to the G-P Financial Statements, consistent accounting policies and accrual methods were used in all periods presented.

• All non-recurring or unusual income or expense items over $500,000, as reflected in the 1998 Statement of Income of G-P, have been disclosed in footnotes to the G-P Financial Statements.

• The G-P Financial Statements reflect the underlying Books and Records of the G-P Business, which are complete and accurate in all material respects.

• Except as disclosed on Schedule 4.20, since April 30, 1999, G-P has conducted the G-P Business in the ordinary course and in a manner consistent with the practices applied during the periods specified in the G-P Financial Statements, and there has been no Material Adverse Effect in the G-P Business.

• Adequate provision has been made in the GP Financial Statements for all Taxes for the periods covered by the GP Financial Statements.

• The GP Financial Statements were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) applied on a consistent basis throughout the periods involved and fairly present in all material respects the financial condition of the General Partner as of their respective dates and the results of its operations for the periods covered thereby.

• Except as set forth on Schedule 3(e)-2, to Seller’s knowledge, the GP Financial Statements, books of account and other financial records of GP are complete and correct in all material respects and are maintained in accordance with good business and accounting practices.

• To Seller’s knowledge, other than as set forth in Schedule 3(p), GP holds all rights, title and interest in all the Tangible Assets owned by it on the GP Financial Statements and Schedule 3(p) and acquired by it after the date of the GP Financial Statements free and clear of all liens, pledges, mortgages, security interests, conditional sales contracts or any other encumbrances except those which are set out in Schedule 3(p) hereto.

• The General Partner’s ownership, and the business, of Exterran Water Solutions ULC has no impact on the business of the Partnership or the GP Financial Statements.

• Except as Previously Disclosed or reserved against in the G&P Balance Sheet or G&P Financial Statements, G&P has good and marketable title free and clear of all material liens, encumbrances, charges, defaults or equities of whatever character to all of the material properties and assets, tangible or intangible, reflected in the G&P Financial Statements as being owned by G&P as of the dates thereof.

More Definitions of GP Financial Statements

GP Financial Statements has the meaning set forth in Section 5.02(f)(i).

GP Financial Statements means the balance sheet of each General Partner as at December 31, 2009 and the statements of income, retained earnings and sources and application of funds for each General Partner for the period beginning January 1, 2009 and ending December 31, 2009;

GP Financial Statements means the unaudited financial statements of the GP as at and for the year ended December 31, 2010, and as at and for the three month period ended March 31, 2011 in the Data Site;