Recent Balance Sheet Sample Clauses
The Recent Balance Sheet clause requires a party, typically a company, to provide a financial statement reflecting its assets, liabilities, and equity as of a recent date. This clause often specifies how current the balance sheet must be—such as within the last 30, 60, or 90 days—and may require it to be prepared in accordance with generally accepted accounting principles. Its core function is to give the other party up-to-date financial information, enabling informed decision-making and risk assessment regarding the company’s financial health.
Recent Balance Sheet. A certificate setting forth a good faith estimate of the working capital of each of the Acquired Companies as of the Closing Date, duly executed by an officer of the Seller, which such written good faith estimate shows that there is not been a material decline in the consolidated net working capital of the Acquired Companies since May 31, 2007 other than in the Ordinary Course of Business.
Recent Balance Sheet. Set forth as Schedule 1.1.3 hereto is a pro forma Balance Sheet of the Business as of September 30, 1996.
Recent Balance Sheet. The assets held by each of the Company and the Company Subsidiaries after giving effect to the transactions contemplated hereby will be sufficient to operate their business in the manner in which they are currently being conducted, and none of such assets or rights will be impaired or become subject to claims for increased fees or royalties or other costs as a result of the transactions contemplated hereby.
Recent Balance Sheet. Recent Balance Sheet" has the meaning -------------------- set forth in Section 5.6 hereof.