Latest Balance Sheet definition
Examples of Latest Balance Sheet in a sentence
All accounts receivable reflected on the Latest Balance Sheet have arisen in the Ordinary Course of Business, represent legal, valid, binding and enforceable obligations owed to the Group Companies and, subject only to reserves for bad debts set forth on the Latest Balance Sheet, have been collected or are expected to be collectible in the aggregate recorded amounts thereof in accordance with their terms and, are not, to the Sellers’ knowledge, subject to any contests, claims, counterclaims or setoffs.
The accounts receivable of the Group Companies arising after the date of the Latest Balance Sheet and before the Closing Date (A) represent sales actually made in the Ordinary Course of Business and (B) constitute valid claims.
Except as set forth on Schedule 3.23, since the date of the Latest Balance Sheet no Material Customer or Material Supplier has cancelled, terminated, relinquished, waived, released, or materially adversely changed the pricing or any other terms of its business relationship or any Contract with the Group Companies, or notified the Seller or its Affiliates of any intent to do so.
Since the date of the Latest Balance Sheet, the accounts receivable and accounts payable of the Company and its Subsidiaries have arisen in the Ordinary Course from bona fide transactions.
The accounts payable of the Company and its Subsidiaries reflected on the Latest Balance Sheet arose in the Ordinary Course from bona fide transactions and in accordance with IFRS.