Initial Income Statement definition
Examples of Initial Income Statement in a sentence
The Buyer will receive a consolidating schedule supporting the Initial Income Statement, which includes the income statements from the general ledgers of the respective coal related businesses and the detail of those items that have been excluded from those income statements in arriving at the Initial Income Statement.
The Income Statements shall be prepared in accordance with GAAP, and set forth the consolidated net revenues of Buyer and its subsidiaries generated in each Existing Company Territory that arise out of Existing Company Products and Competing Products (determined in accordance with GAAP) (but, in the case of the Initial Income Statement, shall include revenues of the Company and Company Subs for the portion of such calendar year through and including the Closing Date) ("Applicable Revenues").
In the event that the Stockholder Representative does not notify the Parent of a dispute within such 30-day period (or agrees in writing with the Initial Income Statement within such 30-day period), the Initial Income Statement shall be final and the basis on which the Incentive Consideration Amount will be determined (the “Final Income Statement”).
The PWC workpapers along with the PWC Initial Income Statement Memorandum and the PWC Initial Net Asset Value Memorandum will be made available to Buyer and the Consulting Accountants.
Any expenses relating to the engagement of the Independent Accounting Firm shall be allocated by the Independent Accounting Firm to the Party whose calculations with respect to the Initial Income Statement are most at variance with the Final Income Statement as determined by the Independent Accounting Firm.
The Buyer will receive schedules summarizing by transaction all original equipment sales that agree to the original equipment sales and direct margins that are included in the Initial Income Statement.