Latest Balance Sheets definition
Examples of Latest Balance Sheets in a sentence
The value of the inventories reflected in the Latest Balance Sheets are stated in accordance with GAAP applied on a consistent basis.
All inventories reflected in the Latest Balance Sheets or included in the assets of the Company are of good and merchantable quality and are salable in the ordinary course of business (in the case of inventory held for sale) or currently usable (in the case of other inventory).
The Latest Balance Sheets have been prepared on a basis consistent with the accounting principles and practices used in preparing previous balance sheets provided to the Buyer.
All Taxes which will be due and payable, whether now or hereafter, for any period ending on or prior to the Effective Time, shall have been paid by or on behalf of Seller and its Subsidiaries or shall be reflected on the books of Seller and its Subsidiaries as an accrued Tax liability determined in a manner which is consistent with past practices and the Latest Balance Sheets, without taking account of the Merger.
All contingent liabilities of the Companies at the Balance Sheet Date are noted in the Balance Sheets to the extent required by GAAP and the Companies have not incurred any other such contingent liabilities subsequent to the Balance Sheet Date except as noted in the Latest Balance Sheets or except as disclosed on Schedule 3.4 hereto.