PPI Financial Statements definition

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 Xxxxxxx and Xxxxxxx, P.A., together with the notes thereto; and the PPI Interim Financial Statements;

Examples of PPI Financial Statements in a sentence

• 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.

• All required information and documentation shall be submitted with the bid.

• 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.

• Upon the terms and subject to the conditions of the offer, we will purchase 6,000,000 shares, or the lesser number of shares that are properly tendered and not properly withdrawn in accordance with Section 4 before the Expiration Date, as defined below, at prices not greater than $15.00 nor less than $13.50 per share, net to the seller in cash, without interest.