Target Financial Statements definition

Target Financial Statements has the meaning set forth in Section 3.4(a).

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Target Financial Statements means for purposes of Section 3.9, the 2019 Audited Financials (as defined in the Stock Purchase Agreement as in effect on the date hereof).

Target Financial Statements has the meaning ascribed thereto in paragraph 3.1.10;

Examples of Target Financial Statements in a sentence

• The Target has not been informed by its independent accountants that they recommend that the Target amend or restate any of the Target Financial Statements or that there is any need for the Target to amend or restate any of the Target Financial Statements.

• All information set forth in the notes to the Target Financial Statements relating to Tax matters is true, complete and accurate in all material respects.

• All accounts receivable of the Target that are reflected on the balance sheet included in the Target Financial Statements or on the accounting records of the Target as of the Closing Date (collectively, the “Accounts Receivable”) have been recorded by the Target in accordance with its usual accounting practices consistent with prior periods and represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business.

• The reserves, if any, reflected on the Target Financial Statements are adequate in light of the contingencies with respect to which they were made.

• There is no transaction, arrangement, or other relationship between the Target or any of its Target Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Target in its Target Financial Statements and is not so disclosed or that otherwise could be reasonably likely to have a Target Material Adverse Effect.

More Definitions of Target Financial Statements

Target Financial Statements means the audited financial statements of the Target for the fiscal years ended December 31, 2016 and 2015 and the interim financial statements of the Target for the nine-months ended September 30, 2017, all prepared in accordance with GAAP;

Target Financial Statements means (i) the consolidated balance sheets (including related notes and schedules, if any) of Target as of June 30, 1997, and as of December 31, 1996 and 1995, and the related statements of income, changes in stockholders' equity, and cash flows (including related notes and schedules, if any) for the six months ended June 30, 1997, and for each of the three fiscal years ended December 31, 1996, 1995 and 1994, as filed by Target in SEC Documents, and (ii) the consolidated balance sheets of Target (including related notes and schedules, if any) and related statements of income, changes in stockholders' equity, and cash flows (including related notes and schedules, if any) included in SEC Documents filed with respect to periods ended subsequent to June 30, 1997.

Target Financial Statements shall have the meaning provided in Section 6.11.

Target Financial Statements shall have the meaning set forth in Section 2.4(b) hereof.

Target Financial Statements means audited financial statements for the Target for the two fiscal years ended April 30, 2011 (the “Accounting Date”), and the comparative fiscal years, together with related statements of income, cash flows, and changes in shareholders’ equity for the fiscal years then ended, all prepared in accordance with GAAP and, with respect to the audited financial statements, audited by an independent auditor registered with the Public Company Accounting Oversight Board;

Target Financial Statements means the audited financial statements of the Target for the fiscal year ended June 30, 2012, and the comparative period thereto and the audited interim financial statements of the Target for the period ended on the Target Accounting Date and the comparative period thereto, including audited balance sheets of the Target as of June 30, 2012 , and audited balance sheets of the Target as of the Target Accounting Date and June 30, 2012, together with related statements of operations, changes in stockholder’s equity (deficit) and cash flows for the fiscal years and interim periods then ended, all prepared in accordance with GAAP and audited by an independent auditor registered with both the Canadian Public Accounting Board and the United States Public Company Accounting Oversight Board;

Target Financial Statements means (a) the consolidated balance sheets (including related notes and schedules, if any) of Target as of December 31, 2004, 2003 and 2002, and the related statements of income, changes in shareholders’ equity, and cash flows (including related notes and schedules, if any) for each of the three years ended December 31, 2004, 2003 and 2002, as filed by Target in its SEC Documents, and (b) the consolidated balance sheets of Target (including related notes and schedules, if any) and related statements of income, changes in shareholders’ equity, and cash flows (including related notes and schedules, if any) included in its SEC Documents filed with respect to periods ended subsequent to December 31, 2004.