Provisions in the Accounts. The Sellers shall have no obligation to indemnify the Beneficiary in respect of any Claim if and to the extent that the matter giving rise to the Claim is properly accounted or provided for in the Annual Accounts.
Provisions in the Accounts. The Sellers shall not be liable in respect of a Claim to the extent that the Accounts include any specific provision, accrual, reserve or allowance for any matter relating to the subject of the Claim.
Provisions in the Accounts. No liability shall arise in respect of any claim under this Agreement or any Subsidiary Agreement if any allowance, provision or reserve is made for the matter giving rise to the claim in the Net Asset Statement.
Provisions in the Accounts. The Accounts:
4.2.1 fully provide for all liabilities (other than contingent liabilities which are not expected to crystallize or occur) and fully disclose all contingent liabilities which are not expected to crystallise or occur and all capital purchase and revenue commitments of the Company in each case as at the Accounts Date;
4.2.2 fully provide for all bad and doubtful debts as at the Accounts Date;
4.2.3 attribute a value to stock which does not exceed the lower of direct cost and net realisable value as at the Accounts Date after wholly writing off all redundant, obsolete, old, unusable, unsaleable, slow-moving, deteriorated and excessive stock; and
4.2.4 are not affected (except as disclosed in the Accounts) by any extraordinary or exceptional event, circumstance or item.
Provisions in the Accounts in respect of any claim if specific provision or reserve is made for the matter giving rise to the claim in the Financial Statements (and not subsequently released)
Provisions in the Accounts. The provisions or reserve for Tax appearing in the Accounts are sufficient to cover all Tax for which the Company was at the Accounts Date, or may after that date become, liable to pay or account in respect of any period ended on or before the Accounts Date.
Provisions in the Accounts. In respect of any Warranty Claim if and to the extent that any specific provision or reserve is made for the matter giving rise to the claim in the Last Accounts as updated by any reserves in the Management Accounts relating to the Company as at 31 March 1998.
Provisions in the Accounts. No person included in the Purchasers' Indemnified Group shall be entitled to recover with respect to any claim for indemnification under this Agreement or the Tax Deed of Covenant in respect of any such claim if any allowance, provision or reserve is made for the matter giving rise to such claim in the Net Asset Statement (regardless of whether the allowance, provision or reserve is adequate to cover such claim).
Provisions in the Accounts. In respect of any claim if and to the extent that proper provision or reserve or, in respect of contingent liabilities only, note is made for the matter giving rise to the claim in the Audited Accounts;
Provisions in the Accounts. The Seller shall not be liable under this Clause 11 in respect of any claim to the extent that the matter giving rise to the claim is recorded (i) as a Current Liability in connection with the final determination of the Final Working Capital or (ii) as a liability in the CLD Pro Forma Annual Accounts 2005 or the CLD Company Annual Accounts 2005.
