Target Financial Statements definition

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

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

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 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.

• Considerable forecast errors can affect the operation and performance of a DR program [77].

• The Target is not currently contemplating to amend or restate any of the Target Financial Statements, nor is the Target currently aware of facts or circumstances which would require the Target to amend or restate any of the Target Financial Statements, in each case, in order for any of the Target Financials Statements to be in compliance with GAAP.

• To the best of the knowledge of the Target, the Accounts Receivable are or will be as of the Closing Date current and collectible net of the respective reserves shown on the balance sheet included in the Target Financial Statements or on the accounting records of the Target.

More Definitions of Target Financial Statements

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

Target Financial Statements means (a) the consolidated balance sheets (including related notes and schedules, if any) of TARGET as of March 31, 1997, and as of December 31, 1996 and 1995, and the related statements of income, changes in shareholders' equity, and cash flows (including related notes and schedules, if any) for the three months ended March 31, 1997, and for each of the three fiscal years ended December 31, 1996, 1995 and 1994, as previously furnished by TARGET to Purchaser, 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) with respect to periods ended subsequent to March 31, 1997.

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

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.

Target Financial Statements has the meaning set forth in Section 8.7 of the Agreement.

Target Financial Statements means 2011, 2012 and 2013 audited consolidated financial statements of the Target;