Initial Closing Balance Sheet definition

Initial Closing Balance Sheet means the statement of assets and liabilities of the Corporation as at the close of business on September 30, 2004 calculated in accordance with GAAP (excluding accruals in respect of the Jasc YE Bonus Program), delivered in accordance with section 2.9.1;
Sample 1Sample 2
Initial Closing Balance Sheet. 2.07" "Initial Closing Date" "2.03" "South Shore Note" "8.01" "Trusts" "3.24"
Sample 1
Initial Closing Balance Sheet is defined in Section 2.2.1 "Intangible Property" is defined in Section 5.17 "Inventory" is defined in Section 1.1.2 "Lease" is defined in Section 5.9 "Liens" is defined in Section 1.1 "Losses" is defined in Section 10.1 "Net Equity" is defined in Section 2.2.3 "Pension Plan" is defined in Section 5.16 "Phase 2" is defined in Section 7.1.6 "Premises" is defined in Section 5.9 "Purchased Assets" is defined in Section 1.1
Sample 1

Examples of Initial Closing Balance Sheet in a sentence

  • The Initial Closing Balance Sheet and such schedules shall be accompanied by reasonable supporting documentation.

  • Buyer shall have the right to review the Initial Closing Balance Sheet, such schedules and such supporting documentation or other data as Buyer may reasonably request from Seller.

  • If Buyer agrees to the Initial Closing Balance Sheet, it will become the Final Closing Balance Sheet.

  • At the Closing, the Seller shall deliver to the Purchaser an unaudited estimated balance sheet (the "Initial Closing Balance Sheet") as at the Closing Date, prepared in accordance with the Accounting Policies, subject to the amounts reflected thereon being the Seller's best estimates as of the Closing Date.

  • If Buyer and Seller are able to reach an agreement on the Disputed Adjustments, the Initial Closing Balance Sheet will be amended to reflect such agreement and will become the Final Closing Balance Sheet.

  • The Initial Closing Balance Sheet shall fairly present Seller’s best estimate of the financial condition of the Business (excluding the Retained Assets and the Indemnified Liabilities) as of the Closing Date in accordance with GAAP, consistently applied in accordance with those principles, methods and practices used in the preparation of the Balance Sheet.

  • The Initial Closing Balance Sheet will then be amended to reflect the determination of the final value of each of the Disputed Adjustments and will become the Final Closing Balance Sheet.

  • Notwithstanding anything to the contrary in this Agreement, the Jasc Stockholders will not be liable for any amounts associated with the Jasc YE Bonus Program, including to the extent those amounts should have been accrued on the Initial Closing Balance Sheet or the Working Capital Closing Balance Sheet.

  • The Initial Closing Balance Sheet will show a minimum amount of Adjusted September 30 Working Capital at least equal to the Required Working Capital Amount.

  • Upon receipt of the Initial Closing Balance Sheet, Buyer and its independent accountants will be permitted during the succeeding 35 day period to examine the books and records of Seller and the work papers prepared by Seller or Seller's accountants.


More Definitions of Initial Closing Balance Sheet

Initial Closing Balance Sheet has the meaning specified in Section 2.03(b)(i).
Sample 1
Initial Closing Balance Sheet means the estimated consolidated balance sheet prepared by the Company for the Finance Co Companies as of the Closing Date, prepared in accordance with the Applicable Accounting Principles and giving effect to (to the extent not already reflected in such consolidated balance sheet) the Recapitalization and the other pre-Closing transactions contemplated by this Agreement and consummated on or prior to the Closing Date and, after giving such effect, adjusted for any Balance Sheet Adjustments, and provided to Investor and to Seller no less than two (2) Business Days prior to the Closing Date. The Initial Closing Balance Sheet shall include a schedule setting forth the calculation of the Initial Tangible Net Book Value.
Sample 1
Initial Closing Balance Sheet shall have the meaning set forth in section 1.6(f).
Sample 1

Related to Initial Closing Balance Sheet

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a).

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Interim Balance Sheet has the meaning set forth in Section 3.06.

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Original Closing Date means March 21, 2013.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Unaudited Interim Balance Sheet has the meaning set forth in Section 2.4(a) of this Agreement.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Financial Closing Date means the date of the closing of the initial agreements for any Financing of the Facility and of an initial disbursement of funds under such agreements.

  • Final Closing Statement has the meaning set forth in Section 2.5(d).

  • Company Balance Sheet means the consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2016 and the footnotes thereto set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2016.

  • Additional Closing Date shall have the meaning set forth in Section 2.3.2.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Scheduled Closing Date Has the meaning specified in the NPA.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.