Common use of Balance Sheets Clause in Contracts

Balance Sheets. (i) The Balance Sheets have been prepared in accordance with GAAP applied on a basis consistent with prior periods, except as described in the notes thereto, which will reflect that the Partnership and the Subsidiaries have been accounted for as part of a consolidated financial group with their affiliates and not as completely separate stand-alone entities.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Tesoro Petroleum Corp /New/), Stock Purchase Agreement (Eex Corp)

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Balance Sheets. (i) The Balance Sheets have been prepared in accordance with GAAP applied on a basis consistent with prior periods, except as described in the notes thereto, which will reflect qualify that the Partnership and the Subsidiaries Southeast have been accounted for as part of a consolidated financial group with their affiliates and not as completely separate stand-alone entities.

Appears in 2 contracts

Samples: Purchase Agreement (Eex Corp), Purchase Agreement (Tesoro Petroleum Corp /New/)

Balance Sheets. (i) The Balance Sheets have been prepared in accordance with GAAP applied on a basis consistent with prior periods, except as described in the notes thereto, which will reflect qualify that the Partnership and the Subsidiaries Reserves LLC have been accounted for as part of a consolidated financial group with their affiliates and not as completely separate stand-alone entities.

Appears in 2 contracts

Samples: Purchase Agreement (Tesoro Petroleum Corp /New/), Purchase Agreement (Eex Corp)

Balance Sheets. (i) The Balance Sheets have been prepared in accordance with GAAP applied on a basis consistent with prior periods, except as described in the notes thereto, which will reflect qualify that the Partnership and the Subsidiaries Grande have been accounted for as part of a consolidated financial group with their affiliates and not as completely separate stand-alone entities.

Appears in 2 contracts

Samples: Purchase Agreement (Tesoro Petroleum Corp /New/), Purchase Agreement (Eex Corp)

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Balance Sheets. (i) The Balance Sheets have been prepared in accordance with GAAP applied on a basis consistent with prior periods, except as described in the notes thereto, which will reflect qualify that the Partnership and the Subsidiaries have been accounted for as part of a consolidated financial group with their affiliates and not as completely separate stand-alone entities.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Eex Corp), Stock Purchase Agreement (Tesoro Petroleum Corp /New/)

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