Interim Income Statement definition
Interim Income Statement as defined in Section 4.5(b).
Interim Income Statement means unaudited statements of income and cash flows of the Company for the month then-ended and for the Company’s fiscal year-to-date.
Interim Income Statement has the meaning set forth in Section 6.09. “Interim Income Statement Date” has the meaning set forth in Section 6.09. “Interim Financial Statements” has the meaning set forth in Section 6.09.
Examples of Interim Income Statement in a sentence
At least two business days before the Closing Date, the Corporation shall deliver to the Buyer and Tridex its unaudited income statement (the "Interim Income Statement") and unaudited balance sheet (the "Interim Balance Sheet") for the period ending on the Friday before the Closing Date.
The OXO Interim Income Statement does not purport to be indicative of the results of operations which would actually have occurred if the Business operated on a stand-alone basis or which may be obtained in the future.
The Interim Income Statement does not include any results of operations of Sahara.
The OXO Interim Income Statement is unaudited and gives effect to certain pro forma adjustments as described in Schedule 2.4(b).
The 2013 Income Statement was prepared consistently with the segment reporting presented in the U.S. Seller 10-Ks and the 2014 Interim Income Statement was prepared consistently with the segment reporting presented in the U.S. Seller 10-Qs, with the adjustments described in Exhibit C hereto, and, to Sellers’ Knowledge, all such statements present fairly, in all material respects, the results of operations of the Business for the periods covered thereby.
More Definitions of Interim Income Statement
Interim Income Statement and together with the Interim Balance Sheet, the “Interim Financial Statements”) (all of the above financial statements collectively referred to as the “Seller’s Financial Statements”). The Seller Audited Financial Statements have been prepared in accordance with generally accepted accounting principles consistently applied. All the Seller’s Financial Statements are true and correct in all material respects and fairly and accurately present the assets, liabilities (including all reserves) and financial position of the Seller as of the dates thereof and the results of operations, shareholders’ equity (deficit) and changes in cash flows of the Seller for the periods then ended, except that the un-audited Interim Financial Statements do not contain footnotes or comparisons to the financial results of prior periods and are subject to normal year-end adjustments. The Seller’s Financial Statements are in accordance with the books and records of Seller. The books and records of the Company are stated in reasonable detail and accurately reflect in all material respects all information relating to the Business, the nature, acquisition, disposition, maintenance, location and collection of its assets and properties, and the nature of all transactions giving rise to its obligations, including accounts payable, and rights, including accounts receivable. There were no changes in the method of application of the Seller’s accounting policies or changes in the method of applying the Seller’s use of estimates in the preparation of the un-audited Interim Financial Statements.
Interim Income Statement has the meaning specified in Section 3.6.
Interim Income Statement has the meaning set forth in Section 3.1(e)(ii).
Interim Income Statement and, with the Annual Income Statement, the “Income Statements”). The Income Statements shall be (a) in accordance with the books and records of Seller, (b) present fairly in all material respects the results of operations of the Property for the periods therein specified, (c) prepared in accordance with U.S. generally accepted accounting principles, consistently applied, and Rule 8-06 of Regulation S-X (17 C.F.R. Part 210), and (d) otherwise acceptable to Buyer in its reasonable discretion. Upon request from Buyer, Seller shall also provide to Buyer, any schedules or supporting documentation that Buyer may reasonably request that relate to the transactions included or to be included in the Income Statements. Upon request from Buyer, Seller agrees to cooperate with Buyer, and provide all assistance and access to the books and records of Seller, as required for the audit of the Annual Income Statement, to be completed no later than the 70th day following the Closing, unless Buyer extends such deadline in its sole discretion. The audit of the Annual Income Statement shall be at Buyer’s expense and shall be conducted by an independent accounting firm registered with the Public Company Accounting Oversight Board retained by Buyer. Upon request from Buyer, Seller shall provide the items listed in Exhibit H attached hereto and incorporated herein, to the extent in Seller’s possession or control. The covenants and obligations of Seller under this Section 6(c)(3) shall survive the Closing.
Interim Income Statement means the income statement of the Seller for the twelve (12) month period ended July 31, 1998 to be prepared by the Buyer following the Closing pursuant to Section 2.4(a) of this Agreement and as set forth in this Agreement. The Interim Income Statement shall be prepared in accordance with generally accepted accounting principles as consistently applied by the Seller, except that: (A) the Interim Income Statement shall be prepared using only those accounting practices, policies and procedures set forth on Exhibit 9 attached to this Agreement; (B) where no specific practice, policy or procedure described on Exhibit 9 applies to any particular issue or circumstance arising in connection with the preparation of the Interim Income Statement, then generally accepted accounting principles will be applied in a manner consistent with the preparation of the income statement included in the 1998 Financial Statements; and (C) the Interim Income Statement need reflect only those items necessary for a presentation of the amount of Seller's earnings before interest, taxes, foreign currency transactions, product liability contingencies, depreciation and amortization for the period covered by the Interim Income Statement (the "Interim Period EBITDA").
Interim Income Statement. Section 4.9.1(c)(iii)
Interim Income Statement means an income statement for the Business audited with an unqualified opinion by Arthur Andersen & Co. for the nine months ending September 30, 1996 ▇▇▇▇ (x) ▇▇▇▇▇▇ presents the results of operations of the Business for such period on a basis consistent with the presentation in the 1996 Projections, (y) includes line items substantially consistent with those used in the preparation of the 1996 Projections and (z) is prepared in accordance with the accounting policies and procedures described in the 1995 Audit and the procedures set forth in Schedule 3.7.