Examples of July 31 Audited Financial Statements in a sentence
The Accounts Receivable which are reflected in the Audited Financial Statements and the July 31 Audited Financial Statements have arisen only from bona fide transactions in the Ordinary Course.
One million dollars ($1,000,000), less the aggregate amount received2 for all sales of securities by the issuer within the 12 months before3 the first offer or sale made in reliance upon this exemption, if the4 issuer has not undergone and made available to each prospective5 investor and the Administrator the documentation resulting from a6 financial audit with respect to its most recently completed fiscal year7 and meeting generally accepted accounting principles.8 b.
To the Knowledge of the Vendor, there is no fact that indicates that the provisions for product warranties reflected in the July 31 Audited Financial Statements were materially understated as of July 31, 2003, and the Vendor does not have any reason to believe that the reserve was inadequate as of July 31, 2003.
All liabilities and obligations of the Vendor and the BRP Companies necessary to satisfy their respective obligations relating to the product recalls initiated prior to July 31, 2003 as set forth in Schedule 3.1.30 were provisioned for with adequate reserves for such matters as of July 31, 2003 set forth in the July 31 Audited Financial Statements, and there is no fact that indicates that such provisions were materially understated as of July 31, 2003.
To the Vendor’s Knowledge, there is no fact or circumstance generally (other than general economic conditions) which could result in any material increase in the uncollectability of such Accounts Receivable as a class in excess of the reserves therefor (if any) set forth in the July 31 Audited Financial Statements.