Examples of July 31 Balance Sheet in a sentence
Company has good and marketable ------------------------- title to and owns all of the property reflected in the July 31 Balance Sheet and listed in detail in Schedule 4(l) attached hereto and incorporated herein by this reference, except such property as has been disposed of in the ordinary course of business since July 31, 2000, and free and clear of all claims, liens (except for taxes not yet due and payable), encumbrances and options of any nature.
Except as reflected or reserved against in the July 31 Balance Sheet or in the notes thereto or as disclosed in Section 2.10 of the Disclosure Schedule, there are no Liabilities against, relating to or affecting the Company or any of its Assets and Properties, other than Liabilities (i) incurred since July 31, 2007 in the ordinary course of business consistent with past practice or (ii) which, individually or in the aggregate, are not material to the Business or Condition of the Company.
Except as set forth in Schedule 5.11, neither of the Company nor any of the Retained Subsidiaries has any material indebtedness or liability, absolute or contingent, known or unknown, which is not shown or provided for on the July 31 Balance Sheet other than liabilities as shall have been incurred or accrued in the ordinary course of business since July 31, 2005.
Company does not have any liabilities, debts or obligations not fully and properly reflected or reserved against in the July 31 Balance Sheet, except liabilities and obligations incurred in the ordinary course of business since July 31, 2000, which shall be expressly disclosed in writing to Purchaser in or pursuant to this Agreement.
The July 31 Balance Sheet contains adequate provision for doubtful accounts set forth on the July 31 Balance Sheet.
The inventories reflected in the July 31 Balance Sheet are based on quantities determined from physical inventories taken as of July 31, 2000, valued at the lower of cost (determined on a first-in first-out basis) or market value, and on a basis consistent with that of prior practice.
All tangible personal property reflected on the July 31 Balance Sheet is free and clear of all Liens, other than Liens disclosed in Section 2.16(a) of the Disclosure Schedule, and is in good working order and condition, ordinary wear and tear excepted, and its use complies in all material respects with all applicable Laws.
The Company has delivered to Purchaser -------------------- an unaudited balance sheet of Company as of July 31, 2000 (the "July 31 Balance Sheet"), a copy of which is attached hereto as Schedule 4(e)(1) and incorporated herein by this reference, and unaudited profit and loss statements of Company from inception through July 31, 2000 (the "July 31 P & L") a copy of which is attached hereto as Schedule 4(e)(2) and incorporated herein by this reference.
Except as disclosed on Schedule 3.14 ------------------- ------------- attached hereto, all accounts receivable of the Company reflected on the July 31 Balance Sheet are bona fide and have arisen in the ordinary course of business.
The August Financial Statements have been prepared on a basis consistent with those Financial Statements set forth in clause (b) above and the accounting methods employed in preparing the unaudited consolidated balance sheet of the Company and its Subsidiaries as of July 31, 2005 (the "July 31 Balance Sheet"), together with the related consolidated unaudited statement of operations for the period then ended (copies of each of which the Seller has heretofore furnished to the Buyer).