Form of Completion Accounts. 2.1 The Net Debt Statement shall be drawn up in the form set out below: Third Party Debt - Cash Balances
Form of Completion Accounts. 5.1 The Completion Accounts are to be in the following form: Intangible Fixed Assets A Tangible Fixed Assets B Investments C TOTAL D = sum A to C Debtors due within one year Trade Debtors E Amounts owed by Group undertakings F Other Debtors G Prepayments and accrued income H Debtors due After one year Amounts owed by Group undertakings I Other Debtors J Cash at bank and in hand K TOTAL L = sum E to K Creditors due within one year Trade Creditors M Amounts owed to group undertakings N Corporation Tax O Taxation and social security P Other creditors Q Accruals and deferred income R Creditors due after one year Amounts owed to group undertakings S TOTAL T = sum M to S Deferred taxation U Called up equity and share capital V Share premium account W Profit and loss account X Total Y = sum V to X
5.2 The Consideration Adjustment Statement The Consideration Adjustment Statement is to be in the following form:
Form of Completion Accounts. The First Completion Accounts or Second Completion Accounts (as the case may be) shall take the form of the worked example set out in the annex to this Schedule 10.
Form of Completion Accounts. £ £ SCHEDULE 7
(a) given notice of their intention to transfer from the Company; or
(b) been terminated by the Company. 1 The Business Names are as follows:
1.1 Toucan;
1.2 Toucan Surf;
1.3 Toucan Talk;
1.4 Toucan Mobile;
1.5 Toucan View;
1.6 Toucan Broadband;
1.7 Toucan Go; and
1.8 Toucan & Design 1 The Seller shall procure that between the date of this Agreement and Completion the Company shall carry on the Business in the ordinary and usual course. Without prejudice to the generality of this paragraph 1 the Seller shall procure that the Company:
(a) continues to pay their creditors in the ordinary course of business in the ordinary course of business;
(b) maintains their usual level of stocks and raw materials;
(c) maintains in force all insurance policies usually kept in force relating in whole or in part to the Business;
(d) maintains the trade and trade connection of the Business and do not by any action, omission, neglect or default knowingly damage or risk damage to the same;
(e) maintains all licences, consents and authorisations which are needed to carry on the Business and comply with all applicable laws and regulations; and
(f) maintains all accounting and other records in the ordinary and usual course.
Form of Completion Accounts. The Completion Accounts will be presented substantially in the format set out in Schedule 10.
