TEQ Financial Statements definition
TEQ Financial Statements means collectively, the consolidated balance sheet of TEQ as of October 1, 2004, with substantially no assets or liabilities, true copies of which are attached as Schedule "J" hereto, together with the audited consolidated financial statements of TEQ for the period ended October 31, 2004, which will disclose consolidated total assets of at least $25,000,000 and consolidated net worth of at least $9,000,000. Subject to the consent of MXMO, unaudited financial statements for the same period shall be acceptable;
Examples of TEQ Financial Statements in a sentence
There are no material liabilities, contingent or otherwise, of TEQ which are not disclosed in Schedule "K" hereto or reflected in the TEQ Financial Statements except those incurred in the ordinary course of business since the date of the said schedule and the TEQ Financial Statements, and TEQ has not guaranteed or agreed to guarantee any debt, liability or other obligation of any person, firm or corporation.