Torch Financial Statements definition

Torch Financial Statements means, collectively, the audited consolidated financial statements of Torch for the fiscal years ended July 31, 2003 (23 days), and July 31, 2004 together with the unqualified auditors' report thereon, prepared in accordance with Item 310 of Regulation SB, true copies of which are attached as Schedule "J" hereto;

Examples of Torch Financial Statements in a sentence

  • There are no material liabilities, contingent or otherwise, of Torch or its subsidiaries which are not disclosed in Schedule "K" hereto or reflected in the Torch Financial Statements except those incurred in the ordinary course of business since the date of the said schedule and the Torch Financial Statements, and neither Torch nor its subsidiaries have guaranteed or agreed to guarantee any debt, liability or other obligation of any person, firm or corporation.

Related to Torch Financial Statements