Examples of Latest Financials in a sentence
All Accounts Receivable are properly reflected (and properly reserved, if applicable) on the Latest Financials or in the books and records of Seller as being due to Seller in accordance with Seller’s historic accounting practices.
Adequate reserves have been reflected in the Latest Financials for obsolete, excess, damaged, slow moving or otherwise unusable Inventory, which reserves were calculated in a manner consistent with Seller’s historical accounting practices.
The Financial Statements are correct and complete in all material respects and have been prepared in accordance with GAAP, except, in the case of the Latest Financials, for the absence of footnotes and normal year-end adjustments.
The Closing Statement shall be prepared in accordance with GAAP as applied in connection with the Latest Financials and the Accounting Principles (except as otherwise provided in the definition of Working Capital and the example included in Exhibit E, and without regard to any purchase accounting adjustments arising out of the transactions contemplated hereby).
All Accounts Receivable, whether or not reflected on the Latest Financials or in the books and records of Seller as being due to Seller, have arisen from bona fide transactions in the ordinary course of business.
The Inventory, whether or not reflected on the Latest Financials, is of a quality usable and saleable in the ordinary course of business consistent with past practice, subject to reserves for obsolete, excess, damaged, slow moving or otherwise unusable Inventory.
Sellers do not have any liabilities, debts or claims against them with respect to the Business or the Acquired Assets except: (i) to the extent indicated in the Latest Financials or the Audited Balance Sheet; or (ii) those that have occurred or arisen in the ordinary course of business consistent with past practice since December 31, 1997.
Since the date of the Latest Financials, there has been no change to such Company’s financial condition which has had a Material Adverse Effect.
Company has no liabilities or obligations, whether accrued, absolute, contingent or otherwise, which are required to be set forth on a balance sheet of Company, except (i) to the extent reflected or reserved for on the Latest Financials, (ii) liabilities or obligations incurred in the normal and ordinary course of business of the Company since the Latest Financials, (iii) liabilities or obligations disclosed in the Schedules attached hereto, or (iv) liabilities or obligations disclosed in this Agreement.
The Latest Financials have been prepared from the books and records of the Company which have been maintained in accordance with sound business practices and all Legal Requirements.