Principles of Consolidation and Basis of Presentation Sample Clauses

Principles of Consolidation and Basis of Presentation. The consolidated financial statements include 100% of the accounts of the Company and its wholly-owned subsidiaries, Houba, Inc., Xxxxxx Pharmaceuticals, Inc., Blue Cross Products Co., Inc., Indiana Fine Chemicals Corporation, Xxxxx Powder Products, Inc., X.X. Xxxxx Laboratories, Inc., and The Medi-Gum Corporation. Except for Houba, Inc., all of the other subsidiaries are inactive. All material intercompany accounts and transactions have been eliminated. During 2001, the Company proceeded to dissolve all of its inactive subsidiaries with the exception of Xxxxxx Pharmaceuticals, Inc. The dissolution of the inactive subsidiaries had no impact on the consolidated financial position, results of operations or cash flows of the Company.
Sample 1
AutoNDA by SimpleDocs
Principles of Consolidation and Basis of Presentation. The accompanying consolidated financial statements include the accounts of Gulf Wide Industries, L.L.C. and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.
Sample 1
Principles of Consolidation and Basis of Presentation. The consolidated financial statements include the financial statements of USFDG and its wholly owned subsidiary, United States Filter Receivables Corporation ("USFRC"), collectively (the "Group"). USFRC was incorporated in 2001 in the state of Delaware. All significant intercompany balances and transactions have been eliminated in consolidation. The Group's consolidated financial statements include the assets, liabilities, and goodwill resulting from US Filter's acquisition that created the Group as well as the Group's subsequent acquisitions. The Group's consolidated financial statements do not include any purchase accounting adjustments that may have resulted from the 1999 acquisition of US Filter by Vivendi.
Sample 1
Principles of Consolidation and Basis of Presentation. The consolidated financial statements include the accounts of CH2M HILL and all of its wholly owned subsidiaries after elimination of all intercompany accounts and transactions. Partially owned affiliates and joint ventures are evaluated for consolidation. The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP). Certain amounts in prior years’ consolidated financial statements have been reclassified to conform to the current year presentation.
Sample 1
Principles of Consolidation and Basis of Presentation. The consolidated financial statements include 100% of the accounts of the Company and its wholly-owned subsidiaries, Blue Cross Products Co., Inc., Houba, Inc., Xxxxxx Pharmaceuticals, Inc., and Indiana Fine Chemicals Corporation, The Medi-Gum Corporation (100% owned). The Medi-Gum Corporation and Xxxxxx Pharmaceuticals have not commenced operations. All material intercompany accounts and transactions have been eliminated.
Sample 1

Related to Principles of Consolidation and Basis of Presentation

  • Substantive Consolidation Each Originator hereby acknowledges that this Agreement and the other Transaction Documents are being entered into in reliance upon the Company’s identity as a legal entity separate from such Originator and its Affiliates. Therefore, from and after the date hereof, each Originator shall take all reasonable steps necessary to make it apparent to third Persons that the Company is an entity with assets and liabilities distinct from those of such Originator and any other Person, and is not a division of such Originator, its Affiliates or any other Person. Without limiting the generality of the foregoing and in addition to and consistent with the other covenants set forth herein, such Originator shall take such actions as shall be required in order that:

  • Merger and Consolidation The Company will not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets to, any Person, unless:

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Limitation on Consolidation, Merger, Sale or Conveyance (i) The Guarantor will not, in one or a series of transactions, consolidate or amalgamate with or merge into any corporation or convey, lease, spin-off or transfer substantially all of its properties, assets or revenues to any person or entity (other than a direct or indirect Subsidiary of the Guarantor) or permit any person or entity (other than a direct or indirect Subsidiary of the Guarantor) to merge with or into it, unless:

Time is Money Join Law Insider Premium to draft better contracts faster.