Examples of NWT Financial Statements in a sentence
Except as set out in the NWT Financial Statements and the NWT Documents, there has not been any adverse material change of any kind whatsoever in the financial position or condition of NWT taken as a whole or any damage, loss or other change of any kind whatsoever in circumstances materially affecting their respective businesses or assets, taken as a whole, or the right or capacity of any of them to carry on their respective businesses, such businesses having been carried on in the ordinary course.
There are no material Liabilities of NWT or of the NWT Subsidiaries or the NWT Significant Interest Company whether direct, indirect, absolute, contingent or otherwise which are not disclosed or reflected in the NWT Financial Statements, except those incurred in the ordinary course of their respective businesses since December 31, 2006.
The NWT Financial Statements were prepared in accordance with Canadian GAAP, consistently applied, and fairly present in all material respects the consolidated financial condition of NWT at the respective dates indicated and the results of operations of NWT for the periods covered on a consolidated basis.
None of NWT or the NWT Subsidiaries or the NWT Significant Interest Company owes any money to, has any present loans to, has borrowed any monies from, or is otherwise indebted to any officer, director, employee, shareholder or any Person not dealing at "arm's length" (as such term is defined in the Tax Act) with NWT, except as set forth in the NWT Financial Statements and the NWT Documents, and except for payroll obligations in the normal course of business and employee expense reimbursement.