Acquisition Balance Sheet Sample Clauses
The Acquisition Balance Sheet clause defines the requirement for preparing a specific financial statement that reflects the assets, liabilities, and equity of a target company as of the acquisition date. Typically, this clause outlines who is responsible for preparing the balance sheet, the accounting standards to be used, and the timeframe for its delivery. For example, it may require the seller to provide a balance sheet within a set number of days after closing, subject to review by the buyer. The core function of this clause is to ensure both parties have a clear and agreed-upon financial snapshot of the company at the time of acquisition, which is essential for determining purchase price adjustments and resolving post-closing disputes.
Acquisition Balance Sheet. Lithia shall have delivered to Buyer the Acquisition Balance Sheet and the parties shall have agreed on the Adjusted Net Worth calculation and the resulting Purchase Price.
Acquisition Balance Sheet. The Post-Acquisition Balance Sheet, a copy of which is attached hereto as EXHIBIT H, fairly represents the Borrower's anticipated consolidated financial condition after giving effect to the Acquisitions.
Acquisition Balance Sheet. The term “Acquisition Balance Sheet” has the meaning set forth in Section 3.08(a).
Acquisition Balance Sheet. To Agent and Lenders, within ninety (90) days after the closing date of each Permitted Acquisition, consolidated and consolidating balance sheets of Borrowers and their Subsidiaries, prepared in accordance with GAAP, demonstrating the solvency of all such Persons and affirming the Fair Salable Value Balance Sheet delivered previously to Agent and Lenders in connection with such Permitted Acquisition, certified by the Chief Financial Officer of Borrower Representative in the same manner as required by paragraph (a) of this Annex E; and
Acquisition Balance Sheet. Using the books and records of Lithia immediately preceding the transfer of the Dealership Assets to Company, Lithia will cause to be prepared an Acquisition Balance Sheet for the Company. The Acquisition Balance Sheet will be the basis for determining the Adjusted Net Worth of Company as of the Closing Date and the Purchase Price for the Units. The Acquisition Balance Sheet will be prepared in accordance with Lithia’s historical practices reflected in its books and records, with the understanding that certain assets will be valued and liabilities established as set forth herein.