The Completion Accounts the Draft Completion Statement and the Final Completion Statement shall be prepared and shall be used for the exclusive purpose of determining the Purchase Price Adjustment.
The Completion Accounts. (a) disclose a true and fair view of the state of affairs of the Company, the Showboat Leighton Partnership and SCM as at the date to which they are made up;
The Completion Accounts. The Purchaser shall procure that as soon as practicable following Completion there shall be drawn up (a) a consolidated balance sheet of the Group Companies, provided that (i) the US Assets and the UK Assets, the Assumed Liabilities and the UK Assumed Liabilities shall be reflected on such consolidated balance sheet and (ii) no items in respect of corporation tax shall be reflected on such consolidated balance sheet as at Completion, and (b) a calculation of the amount of the corporation tax currently payable by the Group Companies as at Completion (the "Current Tax Adjustment") (collectively the "Completion Accounts") and that the same are reviewed by the Purchaser's accountants. Any overpayment or prepayment by WPI Husky of life assurance premiums shall be shown as an asset of the Group Companies for the purpose of the Completion Accounts. Except as provided above in Clauses (i) and (ii), the Completion Accounts shall be drawn up in accordance with accountancy principles generally accepted in the United Kingdom and (so far as not inconsistent therewith) in accordance with the principles, methods and bases used in preparing the Accounts and so as to comply with the Companies Axx 0000.
The Completion Accounts. Optional
The Completion Accounts. 36 SCHEDULE VI.................................................................39
The Completion Accounts. The Vendors shall procure that as soon as practicable following Completion there shall be drawn up a balance sheet and a profit and loss statement of the Company as at Completion (the COMPLETION ACCOUNTS) and that the same are reviewed by the Vendors' Accountants. The Completion Accounts shall be drawn up in accordance with GAAP and (so far as not inconsistent ------------------------------------------------------------------------------- 15 17 therewith) in accordance with the principles, methods and bases adopted in drawing up the Audited Accounts and so as to comply with the Companies Act 0000.
The Completion Accounts. The Completion Accounts shall be presented in substantially the same format as set out in parts 3 and 4 of this schedule 5.
The Completion Accounts. 80 7 Provisions for the protection of the Warrantors......................83 8 Rights of First Refusal and Last Refusal.............................89 9
The Completion Accounts. (a) The Seller shall procure that as soon as practicable following Completion there shall be drawn up completion accounts of the Group Companies in respect of the period from the Accounts Date to Completion (the “Completion Accounts”) which sets out the Completion Net Assets of each of the Group Companies, using the same format as set out in the Completion Pro Forma and in the manner described in Schedule 5, and that the same are reviewed by the Seller’s auditors. The Completion Accounts shall be prepared on such a basis as would enable the Purchaser’s auditors, if so requested, to give an unqualified audit report thereon as to the effect that it had been drawn up in accordance with that Schedule. The Completion Accounts shall be delivered to the Purchaser by the Seller as soon as is practicable following Completion and, in any event, not later than 90 days after Completion. Prior to such delivery, the Seller shall so far as is practicable consult with the Purchaser with a view to reducing the potential areas of future disagreement.
The Completion Accounts. The Purchaser shall procure that as soon as practicable following Completion there shall be drawn up a consolidated balance sheet (to be drawn up as at immediately prior to Completion) and a consolidated profit and loss account of the Group Companies including the assets acquired and liabilities assumed by Klippan from Klippan GmbH pursuant to the German Agreement (the "German Net Assets") in respect of the period from the Reference Accounts Date to immediately prior to Completion (the "Completion Accounts") and that the same are reviewed by the Purchaser's Accountants. The Completion Accounts shall be drawn up in accordance with the accounting principles set out in Schedule 6.
