Definition of PPI Financial Statements


PPI Financial Statements means the audited consolidated financial statements of PPI and the PPI Subsidiaries as at and for the year ended June 30, 2005 together with the notes thereto and the reports of the independent auditors thereon; the audited consolidated financial statements of PPI and the PPI Subsidiaires as at and for the six months ended December 31, 2005 together with the notes thereto and the reports of the independent auditors thereon; the consolidated financial statements of PPI and the PPI Subsidiaires as at and for the years ended June 30, 2004 and 2003, as formally reviewed by Epstein and Shapiro, P.A., together with the notes thereto; and the PPI Interim Financial Statements;

Examples of PPI Financial Statements in a sentence

Subject to allowance for doubtful accounts reflected in the PPI Financial Statements, as each allowance may have been, or may be, adjusted in the ordinary and usual course of business since the date of the PPI Financial Statements, to PPI's knowledge, the Trade Receivables of PPI and the PPI Subsidiaries are collectible in the ordinary course of business subject to no defenses, counterclaims or set-offs (other than in the ordinary course of business).
The PPI Financial Statements previously delivered to CPC were prepared in accordance with U.S. GAAP (except as otherwise indicated in such financial statements and the notes thereto), and fairly present, in all material respects, the financial position, results of operations and changes in financial position of PPI as of the dates thereof and for the periods indicated therein.
PPI has heretofore delivered to CPC true and complete copies of the PPI Financial Statements attached as Schedule 8.10 hereto.
Except as set forth on Schedule 7.11 or as disclosed in the Unaudited Monthly PPI Financial Statements dated after December 31, 1994 provided to Purchaser prior to the signing of this Agreement, there shall have been no material adverse change in the Pipeline Assets or the operations or financial condition of the Business since December 31, 1994.
Since December 31, 1994, (i) there has not been any material adverse change in the Pipeline Assets or the Business and (ii) the Company has operated the Business in the Ordinary Course of Business, except as set forth on Schedule 7.11 or disclosed in any Unaudited Monthly PPI Financial Statements dated after December 31, 1994 that was provided to Purchaser prior to the signing of this Agreement.