Examples of Historical Financials in a sentence
The Historical Financials have been prepared in accordance with GAAP consistently applied throughout the periods involved and fairly present, in all material respects, the financial position, results of operations and cash flows of the Loan Parties and their Subsidiaries for each of the periods covered.
In an effort to provide fair and efficient management of patent cases, some districts have adopted Patent Local Rules (PLRs) or have adopted standard practices under the Federal Rules and Civil Local Rules that have markedly affected the conduct of patent cases (e.g., Eastern District of Virginia).
All dividends or distributions on securities of the Company that have been declared or authorized prior to the date of this Agreement have been paid in full or accrued for in the Historical Financials.
The Historical Financials do, and the Closing Balance Sheet will, include reserves for bad debt reasonably based on past customer performance.
The Lenders shall have received the Historical Financials and Interim Financials described in Section 4.1.