Interim Balance Sheet definition
Examples of Interim Balance Sheet in a sentence
Since the Interim Balance Sheet Date, (a) the Target Companies have conducted their respective businesses in the ordinary course of business in all material respects, other than with respect to the activities relating to the Contemplated Transactions and the Rimports Distribution, and (b) there has not been any event, occurrence, development or change that has had, or would reasonably be expected to have, a Company Material Adverse Effect.
To the Knowledge of the Company, all such accounts receivable are collectible in accordance with their terms, net of reserves for uncollectible accounts reflected on the Interim Balance Sheet (which reserves are adequate and have been determined and calculated in accordance with GAAP and the Accounting Principles).
Section 4.32 of the Disclosure Schedule sets forth a true, correct and complete list of all Payoff Indebtedness of the Target Companies, including the outstanding principal amount thereof and any accrued but unpaid interest thereon, in each case, as of the Interim Balance Sheet Date.