Locked Box Accounts. All material liabilities of each Target Company for tax measured by reference to income, profits or gains earned, accrued or received on or before the Locked Box Accounts Date or arising in respect of an event occurring on or before the Locked Box Accounts Date are fully provided for or (as appropriate) disclosed in the Locked Box Accounts.
Locked Box Accounts. The Locked Box Accounts have been prepared on the bases stated therein in the Ordinary Course of Business with due care and attention, on a basis consistent, in all material respects, with the accounting policies and procedures used to prepare the Management Accounts for the period of 12 months preceding the date of this Deed.
Locked Box Accounts. 19.1 The Locked Box Accounts have been prepared from the books of account and ledgers of the Group, in good faith with reasonable care and on a basis consistent with the preparation of the Accounts.
19.2 The Locked Box Accounts; present with reasonable accuracy and do not materially mis-state the assets and liabilities (whether those liabilities are actual or contingent) and profits and losses of the Group as at the dates and for the period to which they relate and ending on the Locked Box Date; include adequate Inventory provisions; and do not materially misstate the profit and loss, assets and liabilities (whether those liabilities are actual or contingent) and cash flows of the Group as at the Locked Box Date.
Locked Box Accounts. 5.1 The Locked Box Accounts have been prepared in accordance with applicable local GAAP and the Accounting and Reporting Guidelines, preserving continuity in all material respects and reflect accurately the material business events for the financial year ending on the Locked Box Date. The Locked Box Accounts give a true and fair view of the assets and liabilities, the financial condition and operating results (Vermögens-, Finanz- und Ertragslage) as of December 31, 2013 based on the knowledge the managing directors of the Company had on the date on which they prepared (aufstellen) the
Locked Box Accounts. The Management Accounts have been prepared in accordance with the Accounting and Reporting Guidelines, preserving continuity in all material respects.
Locked Box Accounts. The Locked Box Accounts have been prepared in accordance with the Accounting Principles and the Norwegian Accounting Act, subject to any exception stated therein, and give a fair presentation (i) of the financial position of the Company Group as of the Locked Box Date and (ii) of its financial performance for the six months period then ended.
Locked Box Accounts. 4.1 The Locked-Box Accounts:
(a) do not materially over-state the value of assets nor materially under-state the Liabilities of the Group or any of the Group Companies as at the Locked-Box Date and do not materially over-state the profits or materially under-state the losses of the Group or any of the Group Companies in respect of the period to which they relate; and
(b) have been prepared on a basis consistent with the management accounts for each Group Company for the proceeding two years.
Locked Box Accounts. All liabilities, whether actual, deferred, contingent or disputed, of each Target Company for Tax measured by reference to income, profits or gains earned, accrued or received on or before the Locked Box Accounts Date or arising in respect of an Event occurring or deemed to occur on or before the Locked Box Accounts Date have been fully provided for in the Locked Box Accounts and therefore reflected in the Bridge. All other warranties relating to specific Tax matters set out in this Schedule 8 are made without prejudice to the generality of this paragraph.
Locked Box Accounts. The Locked Box Accounts have been prepared with due care and attention, on a basis consistent with the Accounts and give a true and fair view of the assets and liabilities of the Company, the Subsidiaries and the Group as at the Locked Box Accounts Date and of the profits and losses for the period in respect of which they have been prepared and are not inaccurate or misleading in any material respect.
Locked Box Accounts. 1.1 The Locked Box Accounts have been prepared on a basis consistent with that used in preparing the Accounts and fairly represent the combined assets and liabilities of the Complete Target Group as at and to the date to which they have been prepared, except that:
