Examples of Compiled Financial Statements in a sentence
At the LESSOR'S option any advance rentals made hereunder may be applied by LESSOR to cure any default of LESSEE in which event LESSEE shall promptly restore the advance rentals to its silt amount as set forth above, LESSEE agrees to provide LESSOR with, Audited Annual Financial Statements and Compiled Financial Statements (income statement and balance sheet upon request and no less frequently then quarterly.
The Company has no Liabilities except for Liabilities reflected or reserved against in the Unaudited Balance Sheet and reflected in the notes to the Compiled Financial Statements, and current Liabilities incurred in the Ordinary Course of Business since the respective dates thereof.
The Compiled Financial Statements, the Daily Statements were prepared by Seller from Seller’s books and records on a basis consistent with Seller’s historical internal accounting practices.
The Audited Financial Statements and Compiled Financial Statements (including, in each case, any related notes thereto) (i) were prepared in accordance with generally accepted accounting principles (“GAAP”) applied on a consistent basis throughout the period involved, (ii) are complete and correct, and (iii) fairly presents the financial position of the Company as of the date thereof and the results of its operations and cash flows and stockholder equity for the period indicated.
A Target Company has a valid leasehold interest in, all Real Property and personal property and other assets reflected in the Compiled Financial Statements or acquired after the Balance Sheet Date, other than properties and assets sold or otherwise disposed of in the ordinary course of business consistent with past practice since the Balance Sheet Date.
The Financial Statements have been prepared in accordance with GAAP applied on a consistent basis throughout the period involved, subject, in the case of the Recent Financial Statements, to normal and recurring year-end adjustments (the effect of which will not be materially adverse) and the absence of notes (that, if presented, would not differ materially from those presented in the Compiled Financial Statements).
Except as set forth in Section 4.04 of the Disclosure Schedules, the Financial Statements have been prepared on a tax basis, applied on a consistent basis throughout the period involved, subject, in the case of the Interim Financial Statements, to normal and recurring year-end adjustments (the effect of which will not be materially adverse) and the absence of notes (that, if presented, would not differ materially from those presented in the Compiled Financial Statements).
The Compiled Financial Statements have been prepared in accordance with the accrual basis of accounting.
Except as disclosed in Section 2.10 of the Disclosure Letter and as sold or disposed of in the ordinary course of business, the Companies has good and valid title to all of the properties and assets reflected in the Compiled Financial Statements and all the properties and assets purchased or otherwise acquired by the Companies since the Financial Statement Date.
The balance sheets of the Corporation heretofore delivered (or to be delivered) by the Corporation to the Seller and which are included in the Compiled Financial Statements fairly present the financial condition of the Corporation based upon a cash basis of accounting at the respective dates thereof, and except as indicated therein, reflect all claims against and all debts and liabilities of the Corporation, fixed or contingent, as of the respective dates thereof.