IPC Financial Statements means (i) the balance sheets of IPC as of December 31, 2004 and 2005 and the income statements of IPC for each of the years ended December 31, 2004 and 2005, in each case, as set forth in Schedule L to IPC’s U.S. Corporate Income Tax Return (Form 1120) for the calendar years December 31, 2004 and 2005, and (ii) the balance sheets of IPC and the income statements of IPC as of August 31, 2006 and for any periods requested subsequent thereto.

Examples of IPC Financial Statements in a sentence

All accounts and notes receivable reflected on the IPC Financial Statements constitute valid and binding obligations, have been collected or are and will be good and collectible, in each case at the aggregate recorded amounts thereof without right of recourse, defense, deduction, return of goods, counterclaim, offset, or set off on the part of the obligor, and, if not collected, can reasonably be anticipated to be paid within 60 days of the date incurred.
IPC will provide in accordance with Section 10.1, true and complete (i) unaudited balance sheet from inception to September 30, 2003, and related unaudited statement of income and cash flow of IPC together with all related notes thereto, and (ii) unaudited balance sheets for any predecessor company for the years ended December 31, 2002 and 2001, and related unaudited statements of income and cash flows of IPC together with all related notes thereto (collectively, the "IPC Financial Statements").
All balance sheets, statements of income, statements of changes in financial position and/or cash flows, pro forma financial statements and other financial statements furnished to Ready, including but not limited to the IPC Financial Statements, shall be true, accurate and prepared in accordance with generally accepted accounting principles.
All inventories of IPC included in the IPC Financial Statements are good and marketable on a normal basis in the existing product lines of IPC and the fees valued in accordance with Canadian GAAP.
The report emphasises the need to formulate new strategies to counter this new source of skills loss.At a summit held in June 2008 to review the state of electricity network maintenance in the electricity distribution industry, there was also reflection on the skills development challenges faced by the industry.
All inventories of IPC included in the IPC Financial Statements are marketable and fit for the particular purpose for which it is intended.
IPC has good and marketable title free and clear of all Liens to all of the material properties and assets, real and personal, reflected on the balance sheet of IPC as of August 31, 2006, included in the IPC Financial Statements or acquired after such date, other than properties sold by IPC in the ordinary course of business, except as reflected on the balance sheet of IPC as of August 31, 2006 included in the IPC Financial Statements or as Previously Disclosed.

Related to IPC Financial Statements

Interim Financial Statements has the meaning set forth in Section 3.06.
Target Financial Statements has the meaning set forth in Section 3.4.
Company Financial Statements has the meaning set forth in Section 3.6(a).
Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.
Unaudited Financial Statements has the meaning set forth in Section 3.4(a).
Seller Financial Statements has the meaning set forth in Section 3.5(a).
Buyer Financial Statements shall have the meaning set forth in Section 4.6.
Initial Financial Statements means (a) the audited annual Consolidated financial statements of Borrower dated as of December 31, 2009, and (b) the unaudited quarterly Consolidated financial statements of Borrower dated as of March 31, 2010.
Parent Financial Statements has the meaning set forth in Section 4.6(a).
Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.
Year-End Financial Statements has the meaning set forth in Section 3.06.
Closing Financial Statements has the meaning set forth in Section 6.22.
Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.
Annual Financial Statements has the meaning set forth in Section 3.06.
Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.
Audited financial statement means a financial statement audited by an outside accounting firm.
Financial Statements has the meaning set forth in Section 3.06.
Original Financial Statements means the audited consolidated financial statements of the Company for the year ended 31 December 2012.
Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.
Quarterly Financial Statements is defined in Section 6.2(a).
Monthly Financial Statements is defined in Section 6.2(c).
Financial Statement has the meaning set forth in Section 4(g) below.
Most Recent Financial Statements has the meaning set forth in Section 4(g) below.
Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).
Company Interim Financial Statements has the meaning specified in Section 4.08(a).
Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

IPC Financial Statements definition

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