Statement of Net Assets Date definition

Statement of Net Assets Date means 31 December 2013;
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Statement of Net Assets Date in the ordinary course, consistent with past practice, and do not result from any breach of Contract or warranty, and (iii) those incurred by the Company in connection with the execution of this Agreement. Except for Liabilities reflected in the Statement of Net Assets, the Company has no off-balance sheet Liability of any nature to, or any financial interest in, any third party or entities, the purpose or effect of which is to defer, postpone, reduce or otherwise avoid or adjust the recording of expenses incurred by the Company. Without limiting the generality of the foregoing, the Company has never guaranteed any debt or other obligation of any Person, other than as set forth on Schedule 2.4(b).
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Statement of Net Assets Date means June 30, 2013.
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Examples of Statement of Net Assets Date in a sentence

  • Since the Interim Statement of Net Assets Date to the date hereof, except as disclosed in Schedule 3.5, the Seller Parties have conducted the Business as presently operated only in the ordinary course of business consistent with past practice.

  • The Business does not have any liability of a nature which is material to the Business, except for (a) liabilities shown on the Most Recent Statement of Net Assets, (b) liabilities which have arisen since the Statement of Net Assets Date in the ordinary course of business, (c) contractual and other liabilities which are not required by GAAP to be reflected in financial statements and (d) the Excluded Liabilities.

  • All inventories reflected on the Statement of Net Assets (including finished products, work-in-process, subassemblies, raw materials, purchased parts and supplies) were as of the Statement of Net Assets Date, and all inventories existing on the Closing Date will be, properly valued at the lower of cost or market value in accordance with prior practices of the Division.

  • The accounts receivable set forth on the ------------------- Statement of Net Assets, and all accounts receivable arising since the Statement of Net Assets Date, represent bona fide claims of Seller against debtors for sales, services performed or other charges arising on or before the date hereof, and all the goods delivered and services performed which gave rise to said accounts were delivered or performed in accordance with the applicable orders, contracts or customer requirements.

  • The value of inventories (net of reserves) reflected on the Statement of Net Assets, as of the Statement of Net Assets Date and as of the close of business on the day immediately preceding the Closing Date, respectively, represented or will represent Inventories of the stated value that were or will be of such quantity, quality and condition as to be usable or saleable in the ordinary course of business.

  • Since the Statement of Net Assets Date, no such customer or supplier has terminated its relationship with, or materially reduced its purchases from or sales to, the Division.

  • Seller has delivered to Buyer copies ------------------------------ of: (a) an unaudited statement of net assets as of July 31, 1999 (the "Statement of Net Assets Date") for the AIC Business (the "Statement of Net Assets"), copies of which are attached hereto in Section 5.8 of the Seller's Disclosure --------------------------- Letter.

  • The Warranty Reserve has been calculated consistent with past practice and in accordance with the Accounting Convention, and Seller has no reason to believe that such Warranty Reserve is inaccurate or understates such liabilities as of the Statement of Net Assets Date.

  • Except as set forth on Schedule 3.4, the Interim Statement of Net Assets (a) has in all material respects been derived from the books and records of Seller and reflects the separation of the operations associated with the Business from other operations of Seller; and (b) fairly presents in all material respects the Acquired Assets and Assumed Liabilities as of the Interim Statement of Net Assets Date and has been prepared in accordance with GAAP.

  • The Assumed A/Rs arising after the Statement of Net Assets Date and before the Closing Date arose or shall arise in the ordinary course of business, consistent with past practices, represented or shall represent bona fide claims against debtors for sales and other charges, and have been collected or are, to Parent’s and the Company’s knowledge, collectible in the book amounts thereof.


More Definitions of Statement of Net Assets Date

Statement of Net Assets Date is defined in Section 4.16(a).
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Statement of Net Assets Date means July 2, 1994.
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Related to Statement of Net Assets Date

  • Statement Date means each date designated as such in the Series Term Sheet.

  • Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).

  • SpinCo Balance Sheet means the pro forma combined balance sheet of the SpinCo Business, including any notes and subledgers thereto, as of September 30, 2021, as presented in the Information Statement made available to the Record Holders.

  • Closing Date Balance Sheet has the meaning specified in Section 2.3(b).

  • Latest Balance Sheet Date has the meaning set forth in Section 3.10.

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Management Accounts Date means 30 September 2017;

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Cash Flow Statement means, with respect to any particular Bonds and Auxiliary Obligations, an Authority Certificate (a) setting forth, for the then current and each future Bond Year during which such Bonds and Auxiliary Obligations will be Outstanding, and taking into account (i) any such Bonds expected to be issued or redeemed or purchased for cancellation in each such Bond Year upon or in connection with the filing of such Certificate, (for which purpose, if such Authority Certificate is delivered as of a date prior to a scheduled mandatory tender date for any Adjustable Rate Bonds, the Purchase Price of all such Adjustable Rate Bonds subject to mandatory tender on such tender date shall be assumed to be due and payable on such mandatory tender date), (ii) any such Auxiliary Obligations expected to be incurred upon or in connection with the filing of such Certificate, (iii) the interest rate, purchase price, discount points and other terms of any Related Mortgage Loans, and (iv) the application, withdrawal or transfer of any moneys expected to be applied, withdrawn or transferred upon or in connection with the filing of such Certificate:

  • Unaudited Balance Sheet has the meaning set forth in Section 3.4(a)(ii).

  • Consolidated Net Assets means Consolidated Assets after deduction of Consolidated Current Liabilities.

  • Interim Balance Sheet Date has the meaning set forth in Section 3.06.

  • Audited Balance Sheet means the audited balance sheet of the company prepared for the purposes of the Companies Acts for a financial year unless an audited consolidated balance sheet dealing with the state of affairs of the company and its subsidiary undertakings required to be dealt with in group accounts has been prepared for those purposes for the same financial year, in which case it means that audited consolidated balance sheet, and in that case all references to reserves shall be deemed to be references to consolidated reserves;

  • Latest Balance Sheet has the meaning set forth in Section 3.4(a).

  • Pro Forma Balance Sheet as defined in Section 4.1(a).

  • Accounts Date means 31 December 2019;

  • net non-operating income means the difference between:

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Unaudited Interim Balance Sheet shall have the meaning specified in Section 4.4(a)(ii) of the Agreement.

  • Interim Balance Sheet as defined in Section 3.4.

  • Accounting Reference Date means 31 December.

  • Financial Statement Date has the meaning set forth in Section 4.05 hereof.