Adjusted Financial Statements definition

Adjusted Financial Statements means, for any period, (a) the balance sheet of the Borrower and the Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of the Borrower to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of the Borrower in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of the Borrower to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of the Borrower in accordance with GAAP).

Adjusted Financial Statements means, for any period, (a) the balance sheet of Time Warner and the Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of Time Warner to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Time Warner in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of Time Warner to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Time Warner in accordance with GAAP).

Adjusted Financial Statements means, for any period, (a) the balance sheet of TWC and its Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of TWC to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of TWC in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of TWC to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of TWC in accordance with GAAP).

Examples of Adjusted Financial Statements in a sentence

• Since the date of the Adjusted Balance Sheet which forms a part of Seller's Adjusted Financial Statements, Seller has operated only in the ordinary course, consistent with past practice, and there has not been any material adverse change, or any event, fact or circumstance which might reasonably be expected to result in a material adverse change, in the assets, liabilities, operating performance, business relationships, or prospects of the Business.

• The Adjusted Financial Statements reflect certain expected adjustments to restate as GAAP basis the Financial Statements as of December 31, 2021, as such adjustments have been presented through the date of this Agreement to Xxxxxx LLP, the Company’s present auditor, for such purposes.

• Besides from the financial statements prepared in accordance with PRC accounting principles, the Joint Venture Company shall also appoint the accountant to audit and adjust the financial statements (the Adjusted Financial Statements) prepared according to the US General Accepted Accounting Principles at the expense of Party B.

• The Adjusted Financial Statements are unaudited and subject to review and audit by Marcum LLP.

• Except as caused by cumulative operating losses, the Buyer will at all times until Option Completion maintain the net tangible assets of Xxxx Xxxx and Xxxxxxxxx Oaks Pty Ltd collectively such that they are greater than A$2.55 million as shown in the audited accounts and the Adjusted Financial Statements of those companies or such other amount as may from time to time be agreed between XX Xxxxxxxxx, XX Xxxxxxx and the management of the Buyer.

More Definitions of Adjusted Financial Statements

Adjusted Financial Statements means the Company's month-ending balance sheet and statements of income and changes in stockholders' equity as of the latest practicable date no earlier than forty-five (45) days prior to the Exchange Ratio Adjustment Date (defined below), which financial statements have been prepared in accordance with GAAP applied on a consistent basis throughout the periods covered thereby; provided, however, that the financial statements are subject to normal and recurring year-end adjustments and lack footnotes and other presentation items. The "Exchange Ratio Adjustment Date" shall be the fifth Business Day prior to the effective date of the Registration Statement or such later date prior to the mailing of the Joint Proxy Statement as the parties may mutually agree.

Adjusted Financial Statements. The following shall be added before the period: ";provided that so long as Warner EMI Music is (i) consolidated with such Person in such Person's Financial Statements in accordance with the proviso of the definition of 'Financial Statements' or (ii) an Unrestricted Subsidiary, Warner EMI Music shall be excluded from Adjusted Financial Statements".

Adjusted Financial Statements means, for any period, (a) the balance sheet of Testing Party and its Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of Testing Party to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Testing Party in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of Testing Party to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Testing Party in accordance with GAAP).

Adjusted Financial Statements means the spreadsheet prepared by Topco substantially in the form of the Adjusted Financial Statements Example and provided to Shell in accordance with Clause 14.3 of this Agreement by making the following adjustments to the Starting Financial Statements in respect of the Relevant Period:

Adjusted Financial Statements means the audited accounts of Xxxx Xxxx and Xxxxxxxxx Oaks Pty Ltd adjusted to remove such income or accounting charges including any management fees or charges or the like, costs, expenses, liabilities or other matters beneficially or adversely affecting the profitability of either company as were not ordinarily included in the financial statements of those companies or incurred in the ordinary course of ordinary business of those companies prior to Completion Date except as may be agreed from time to time in writing by XX Xxxxxxxxx, XX Xxxxxxx and the Buyer.

Adjusted Financial Statements has the meaning given to it in Section 4.10(d).

Adjusted Financial Statements. As defined in Section 3.6(b).