Common use of Closing Date Balance Sheet Clause in Contracts

Closing Date Balance Sheet. The Shareholders will cause a balance sheet as of the Closing Date to be delivered to DAH within a reasonable time after the Closing Date (the "Closing Date Balance Sheet") which shall be true, correct and complete, shall have been prepared from and are in accordance with the books and records of AI and shall have been prepared in conformity with generally accepted accounting principles applied on a consistent basis for such periods using an accrual basis method, and fairly present the financial condition of AI as of the date stated on such dates in accordance with such practices.

Closing Date Balance Sheet. The Shareholders will cause a balance sheet as of the Closing Date to be delivered to DAH within a reasonable time after the Closing Date (the "Closing Date Balance Sheet") which shall be true, correct and complete, ; shall have been prepared from and are in accordance with the books and records of AI and shall have been prepared Avtech in conformity conformance with generally accepted accounting principles applied on a consistent basis for such periods using an accrual basis method, method and in compliance with Regulation S-X and audited by an independent accounting firm reasonably acceptable to DAH; and shall fairly present the financial condition of AI Avtech as of the date stated on such dates Closing Date Balance Sheet in accordance with such practices.. 3.1.11