June Balance Sheet definition

June Balance Sheet has the meaning set forth in Section 3.4.
June Balance Sheet shall have the meaning set forth in Section 4.4(b).
June Balance Sheet has the meaning set forth in Section 5.9.

Examples of June Balance Sheet in a sentence

  • There are no material liabilities or obligations, whether contingent or absolute, direct or indirect, or matured or unmatured, of the Business which are not shown or provided for in the June Balance Sheet.

  • Except as set forth on Schedule 5.20 or under the Seller Plans or the Non-Compete Agreements, none of Sellers nor Nextera has become obligated, directly or indirectly, to any shareholder, director, officer, member or manager of any of Sellers or any member of their families, except for current liability for such compensation reflected on the June Balance Sheet.

  • MCI shall deliver to the Purchasers the June Balance Sheet and June Income Statement as soon as available and in any event no later than July 15, 2004.

  • There are no liabilities, contingent or otherwise, of Seller or any of the Subsidiaries which are, in accordance with generally accepted accounting principles, required to be reserved against or disclosed on the June Balance Sheet which are not so reserved or disclosed.

  • As of the date of this Agreement, all accounts, notes and drafts receivable (including unbilled receivables) of the Business reflected in the June Balance Sheet are bona fide, represent transactions actually made in the ordinary course of business and, to the knowledge of the Selling Entities are collectible in the ordinary course of business, except to the extent of the reserve for uncollectible accounts provided for in the June Balance Sheet.


More Definitions of June Balance Sheet

June Balance Sheet shall have the meaning assigned to such term in Section 3.04 hereof.
June Balance Sheet shall have the meaning set forth in Section 2.3(a)(i)(A) hereof.
June Balance Sheet shall have the meaning set forth in Section 5.3(a).
June Balance Sheet shall have the meaning set forth in Section 3.5(a)(ii) of this Agreement.
June Balance Sheet has the meaning set forth in Section 2.3(c).
June Balance Sheet means a statement of the net asset position for the Corporation prepared as of the close of business on June 29, 2008 on the basis consistent with basis on which the Effective Date Balance Sheet was prepared and each of the line items of which will be prepared in accordance with U.S. GAAP except that: (i) on the Effective Date Balance Sheet, cash and accounts payable were adjusted to reflect the fact that cash was used to pay certain intercompany accounts as of May 25, 2008 whereas cash will be shown on the June Balance Sheet; (ii) payables owing to affiliates of the Corporation which were incurred by the Corporation between June 24 and the close of business on June 29 in the ordinary course of business will be reflected on the June Balance Sheet as trade payables; (iii) both the Effective Date Balance Sheet and the June Balance Sheet will include accounts receivable transferred to the Corporation pursuant to the Reassignment Agreement; and (iv) the Corporation’s liability for post-retirement benefits will be deemed to be $8,000,000 on both the Effective Date Balance Sheet and the June Balance Sheet.;
June Balance Sheet has the meaning given thereto in Section 4.06(b). ------------------