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).
Except as set forth on Schedule 5.25, since the Latest Balance Sheets, neither the Companies nor the Companies’ Subsidiaries has received any written indication from any Top Supplier to the effect that such Top Supplier will stop supplying materials, products or services to the Companies or any Companies’ Subsidiaries, which could reasonably be expected to have a Material Adverse Effect.
Since the date of the Latest Balance Sheets, there has not been any Material Adverse Effect.
Where any accounting determination or calculation is required to be made under this Agreement, such determination or calculation (unless otherwise provided) will be made in accordance with GAAP and, to the extent consistent therewith, the accounting policies employed by the Seller in the preparation of the Latest Balance Sheets.