Corporations Only Sample Clauses

Corporations Only. In order to induce RWC and WPMIC to accept Member into the RWC Warranty Program and as a Member of WPMIC, Member represents, warrants and certifies to RWC that the “adjusted stockholder equity” of Member as of the date hereof is as stated on the most recent financial statement Member has submitted to RWC. For purposes of this Agreement, adjusted stockholder equity means total equity, as reflected on Member’s financial statements, presented in accordance with generally accepted accounting principles, consistently applied, reduced by an amount equal to the total of loans to related parties, accounts receivable which are over ninety (90) days old, and intangible assets.
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Corporations Only. In order to induce HOME and WUIC to accept Member into the HOME Remodeler Limited Warranty Program, Member represents, warrants and certifies to HOME that the “adjusted stockholder equity” of Member as of the date hereof is as stated on the most recent financial statement Member has submitted to HOME. For purposes of this Agreement, “adjusted stockholder equity” means total equity, as reflected on Member’s financial statements, presented in accordance with generally accepted accounting principles, consistently applied, reduced by an amount equal to the total of loans to related par- ties, accounts receivable which are over ninety (90) days old and intangible assets.
Sample 1Sample 2
Corporations Only. In order to induce HOME and WUIC to accept Member into the HOME Warranty Program, Member represents, warrants and certifies to HOME that the “adjusted stockholder equity” of Member as of the date hereof is as stated on the most recent financial statement Member has submitted to HOME. For purposes of this Agreement, adjusted stockholder equity means total equity, as reflected on Member’s financial statements, presented in accordance with generally accepted accounting principles, consistently applied, reduced by an amount equal to the total of loans to related parties, accounts receivable which are over ninety (90) days old, and intangible assets.
Sample 1
Corporations Only. In order to induce MHWC and WPMIC to accept Member into the MHWC Warranty Program and as a Member of WPMIC, Member represents, warrants and certifies to MHWC that the “adjusted stockholder equity” of Member as of the date hereof is as stated on the most recent financial statement Member has submitted to MHWC. For purposes of this Agreement, adjusted stockholder equity means total equity, as reflected on Member’s financial statements, presented in accordance with generally accepted accounting principles, consistently applied, reduced by an amount equal to the total of loans to related parties, accounts receivable which are over ninety (90) days old, and intangible assets.
Sample 1

Related to Corporations Only

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  • Restrictions on Claims 11.1 Notification and mitigation A party wishing to claim under any indemnity provided for in this contract:

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