Interim Balance Sheet definition
Examples of Interim Balance Sheet in a sentence
The Company owns (with good and marketable title in the case of real property) all of the properties and assets (whether real, personal or mixed and whether tangible or intangible) that it purports to own, including the properties and assets reflected in the Interim Balance Sheet, free and clear of any and all Encumbrances (other than those Encumbrances listed on Section 3.15 of the Seller Disclosure Schedules, each of which will be terminated and satisfied at the Closing).
Since the Interim Balance Sheet Date, there has been no event, occurrence or development that has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and, except as disclosed in Section 3.08 of the Seller Disclosure Schedules, the Company has operated its business solely in the Ordinary Course of Business and consistent with past practices.
Other than as disclosed in the Interim Balance Sheet or obligations arising under Related Agreements to which the Seller and the Company are parties, the Company is not indebted, nor does it owe any amounts, to the Seller.