Examples of Pro Forma Accounts in a sentence
For the purpose of establishing the Net Working Capital and the Net Outstanding Indebtedness the Seller shall prepare the Closing Balance Sheet in accordance with accounting principles and practices consistent with the accounting principles and practices applied with respect to the Pro Forma Accounts as if the Closing were the year end.
The Pro Forma Accounts have been prepared in good faith and to the best knowledge of the Vendor to not contain any material misstatement.
In reliance on the foregoing, the Purchaser agrees that the Pro Forma Accounts do not understate the pension liabilities in Germany as of 31 December 1999.
The total consideration for the WPFSL Sale Shares will be made in cash and be equal to 1/21 of the consolidated net asset value of WPFSL and its subsidiary on the completion date of the WPFSL Shares Sale Agreement after (i) the Shareholders’ Loan Repayment; and (ii) the WPFSL Dividend Payment, such consolidated net asset value to be derived from the WPFSL Pro Forma Accounts.
The Closing Balance Sheet shall be audited by KPMG at Subsidiary level and by Ernst & Young Accountants at consolidated Company's Group level as involved by the Seller in the same manner as the audit of the Pro Forma Accounts.